Stock trading is an extremely risky game. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to where you were at your most productive. If you are immersed in the water, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your improvement in the market. In this review, we’ll take a look at Profit.ly is a well-known one-stop social platform for trading!
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.
Total Rating: 4.1/5 Timothy Sykes Pennystocking Silver
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Think of it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that was never prior to.” The idea, he added, served two objectives: one) making public records for not just the gurus, but also the students and newsletter writers and secondly) allowing everyone on the platform to learn from the losses and wins to benefit the industry of trading. Timothy Sykes Pennystocking Silver
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared toward success. You can create an account on the site at no cost, however you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group and its experts. It’s not only a chance to show value to a large group of traders. You can also use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you may choose to publish your trades, whether verified or not, by taking screenshots. Included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile and other methods to communicate with your gurus via chatrooms along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. The trading of penny stocks is a stepping stone for small businesses to transition into a larger market because it allows them to access money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a place for transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial profits from their combined years of expertise. Timothy Sykes Pennystocking Silver
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, 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 that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Pennystocking Silver
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally, you’ll also get an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that cater to traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign to this plan you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get on leaderboards, analyze, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able to see the statistics of other traders that could be a problem for those looking forward to this tier. Timothy Sykes Pennystocking Silver
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. With $74.95 per month, and a 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all features from the two prior plans.
You’re not only able to view other people’s stats, but you’re also given the chance to create an individual profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly offers a number of other services they provide. One of them is the online store, where customers can select from a variety of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and scenes taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members there. Some may be a laid-back person who is rarely active, while another might be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room advice by its internal gurus and their members. They’ll also be able to select from the products in its online store to carry with them wherever they may be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that this is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to people who are just beginning. Although the novices might not be as proficient in handling trading matters but the experts already know the way it functions and the stack full of risks associated with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Timothy Sykes Pennystocking Silver
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its customers
- As traders may opt to open any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be ignored.
- Profit.ly will not allow 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 Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, you should have an open mind. Timothy Sykes Pennystocking Silver
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck may discover Profit.ly’s array of resources helpful as they do their best to avoid losses and perform better than they did before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you really want to become better at trading and wish to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Pennystocking Silver
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the “My Trade category on the dashboard that lets you record your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you submit it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market both right and left.