Stock trading can be a high-stakes game. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse and it can be very difficult to get back to where you were your most productive. If you are immersed in the water it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you in your growth in the market. We’ll take a look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Timothy Sykes Top Stock Picks
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable responsible, transparent, and encouraging each other through its broad variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people new to trading and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries that the site. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” The concept Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter writers and students and secondly) giving all users to learn from both losses and wins for the trading industry’s benefit. Timothy Sykes Top Stock Picks
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared towards achieving achievement. You can create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into the performance of the trading community and its gurus. You’re not just allowed to demonstrate that you’re worthy to the community of traders. You are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
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 otherwise, through pictures. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus in the chatroom, as well as 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 trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trader. At the age of 25, he had been given more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial profits from their collective years of knowledge. Timothy Sykes Top Stock Picks
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this platform: Founder of the penny stock market 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans such as alerts for swing trading and access to a library of over 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Top Stock Picks
The Superman Alerts package is his package of vital features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, daily market updates in real time, and SMS and e-mail 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 the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave a mark in the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that cater to traders with different levels. Let’s break down what these three tiers are and how much 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 world. As you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the capability to check trades and track profits; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you do want to gain access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows you to use the majority of features available in The Novice package. It is in this plan that you can set up an individual profile that allows you to share with other associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their trading skills. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able to view the statistics of other traders this might be a drawback for those anticipating this level. Timothy Sykes Top Stock Picks
This is by far the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, and an additional 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating your own private profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, where customers can choose from a wide array of instructional videos that are created to help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage of 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 services and features. You’re probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a space where experts and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. One of them may be a laid-back person who is not very often active, while another may be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room tips from the in-house experts and their members. Additionally, they can choose from the items on its store online for them to take wherever they travel. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that this is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works along with the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Top Stock Picks
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- If traders decide to make any type of trade, there’s the possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Top Stock Picks
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources useful when they try their best to avoid losses and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become a better trader and want to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Top Stock Picks
How can you make use of Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the “My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market all over the world.