Stock trading is an exciting game with high stakes. Some days, you could enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to return to the point you were at your most productive. If you are immersed in the water You will need to realize that relying on instinct and survival is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve identified a platform that can support you in your improvement within the field. This review will be taking a look at Profit.ly, a well-recognized single-stop social platform to trade!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Penny Stock Whizzkid
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative responsible, transparent, and encouraging one another through its wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are starting out as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was based “on showing every trade, something that was never previously done.” This idea, he added, served two objectives: one) keeping track of public data for not just the gurus, but also the newsletter authors and students as well as) making it possible for everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Timothy Sykes Penny Stock Whizzkid
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared towards achieving achievement. You can create an account there at no cost, however you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers, which we will go over shortly.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into how the community of traders performs and its experts. You’re not just allowed to prove value to a large group of traders, as you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the credibility of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, verified or not, by taking screenshots. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market is a stepping stone for small companies to move to a market that is larger as they can access funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as a trader. When he was 25 years old, he had been given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their combined years of expertise. Timothy Sykes Penny Stock Whizzkid
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Penny Stock Whizzkid
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base provided by Superman himself via his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition, you’ll also get the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that cater to traders at different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what we could call a ruthless procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study your trades, sort as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the novice plan. In this plan, that you are able to create a private profile for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to see the statistics of other traders this could be a problem for some who may be eager to try this new tier. Timothy Sykes Penny Stock Whizzkid
This is by far the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 each month and a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the features of the previous plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating an individual profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, where customers can pick from a range of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. The products listed on this page of the website can be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and scenes taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One of them may be more laid back and rarely engaged, while another could be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as proficient in handling trading matters however, experienced traders know the way it functions and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Timothy Sykes Penny Stock Whizzkid
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s numerous products and packages offered might be too much for a lot of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to boost their rating this could be a concern that should not be ignored.
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the number of services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, you need to have curiosity. Timothy Sykes Penny Stock Whizzkid
What we mean”yes” is it can be a great learning tool. People who are stuck might find Profit.ly’s range of resources helpful in their efforts to reduce loss and perform better than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become better at trading and wish to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Penny Stock Whizzkid
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the “My Trade section of the dashboard that lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is the chance that it is verifiable. This is indicated with the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.