Stock trading is an extremely risky game. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to where you were at your best. If you are immersed in the water You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your growth within the field. We’ll be taking 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 Best Broker For Penny Stocks Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informative and accountable, as well as transparent and uplifting with one another through its wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders new to trading as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” This idea Sykes said served two purposes: 1) making public records for not just the gurus as well as newsletter authors and students and secondly) giving all users to learn from the losses and wins to benefit the industry of trading. Best Broker For Penny Stocks Timothy Sykes
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed at achieving achievement. It is possible to create an account on the site at no cost, however you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll have the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at how the community of traders performs and its experts. It’s not just a way to show value to a group of traders, as you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking your brokerage account, then you could opt to post your trades, either verified or not, by taking photographs. Included in Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. Penny stock trading is an avenue for small companies to move into a larger market because it allows them to access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial amounts of money from their collective years of expertise. Best Broker For Penny Stocks Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices; email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month it is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, including alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for 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 profits. Best Broker For Penny Stocks Timothy Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed up for this plan you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal profile, thus making 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 new plan.
Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their skills in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics this could be a disadvantage for those looking forward to this tier. Best Broker For Penny Stocks Timothy Sykes
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. At $74.95 per month, with a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of more services it has to offer. One of those is its online store, which allows users to select from a variety of videos created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. Some may be laid back and not very often active, while another might be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts as well as their members. Additionally, they can select from the products from its online store to carry with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that this is a risky game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as proficient in handling trading matters but the experts already know the way it functions and the plethora of risks associated with it. It is ideal to utilize Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Best Broker For Penny Stocks Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training 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 with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable 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 photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s numerous packages and services offered could be too much for most of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the many services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, you should have curiosity. Best Broker For Penny Stocks Timothy Sykes
What we are referring to”yes” is it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s variety of resources helpful when they try their best to avoid loss and perform better than they did before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being a better trader and want to learn from your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Best Broker For Penny Stocks Timothy Sykes
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the My Trade’ category of the dashboard that allows you to post your trades that are verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you upload it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently on 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 to help one another learn and improve in acquiring opportunities in the stock market left and right.
