Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to return to where you were at your peak. If you are constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you in your improvement within the field. In this review, we’ll take the time to look at Profit.ly, a well-recognized all-in-one 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 Trading Books Pdf
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative, transparent, accountable, and uplifting with each other through its broad array of tools and features such as chat rooms, trade verification and a rich 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 new to trading as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Think of it as the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” The concept, he added, served two objectives: one) keeping track of public data for everyone, not just the experts and students and newsletter writers as well as) giving everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Timothy Sykes Trading Books Pdf
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared towards achieving achievement. You may set up an account for free, but you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account easy: create an account with your experience and skills, join to your brokerage account and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into how the community of traders performs as well as its experts. It’s not only a chance to show your worth to a community of traders. You can also use Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can decide to share your trades, either verified or not, by taking pictures. In Profit.ly are a variety of trading courses and the capability to see statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a large marketplace as it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made substantial profits from their combined years of experience. Timothy Sykes Trading Books Pdf
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to forecast the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos that are updated every week.
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From “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. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Trading Books Pdf
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that, you’ll also get access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. As you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, all one of them essential in keeping your hands on what we call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort as well as filter trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you’re looking to have an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package lets you to take advantage of a majority of features from the Novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their expertise in trading. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders that might be a drawback for some who may be eager to try this new tier. Timothy Sykes Trading Books Pdf
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all the features of the previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can pick from a range of videos created to guide you through the ins and outs of trading. All of the products featured in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and clips of the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room since you will see it on social and messaging platforms as well as some specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a real-time space where experts and their members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be laid back and not very often active, while another might be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able choose from the items on its store online to carry with them wherever they travel. You can also get hands-on experiences from trading within the platform, however, they will soon learn 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 see Profit.ly equally suitable to people who are just beginning. Although the novices might not be as proficient in handling trading matters, the pros already understand the way it functions and the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Timothy Sykes Trading Books Pdf
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You will be taught by experts and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to immediately 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 an answer to this question, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, it is best to keep curiosity. Timothy Sykes Trading Books Pdf
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources helpful when they try their best to reduce loss and perform better than before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Trading Books Pdf
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the My Trade’ category of the dashboard which lets you record your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you submit it manually or through images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.