The stock market can be a high-stakes game. On certain days, you could enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen and it could be extremely difficult to return to where you were at your peak. If you are constantly stuck in the gutter You will need be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe, which is why we’ve identified a platform that can support you in your growth within the field. We’ll take an in-depth 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.
Overall Rating: 4.1/5 How To Find Penny Stocks Timothy Sykes
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed responsible, transparent, and encouraging each other by offering a wide 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 website that serves both as a learning and training platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad array of options to facilitate 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 of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades 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 tolerate inauthenticity as much as possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been done before.” This idea was, he said, serving two goals: 1.) making public records for not just the gurus, but also the newsletter authors and students as well as) giving anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. How To Find Penny Stocks Timothy Sykes
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared towards achieving success. You can create an account on the site at no cost, however you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into the performance of the trading community and its experts. It’s not just a way to demonstrate that you’re worthy to the large group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may choose to publish your trades, whether verified or not, via photographs. Also included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile and other methods to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small businesses to transition into a larger market because it gives them access to money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trader. At the age of 25, he had been given greater exposure and a larger influence over time when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it 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 for transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have earned significant amounts of profit from their combined years of expertise. How To Find Penny Stocks Timothy Sykes
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 were 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 packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month it is a great option for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. How To Find Penny Stocks Timothy Sykes
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s break down what these three levels are and what they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what we could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. While it may look 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 have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to use the majority of features available in the Novice plan. In this plan, that you can create an account that is private to share with other associate users all your knowledge and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their skills in trading. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able to view other traders’ stats, which could be a problem for those anticipating this level. How To Find Penny Stocks Timothy Sykes
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, and 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all features of the previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create your own private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly has a few more services it has to provide. One of them is the online store, which lets users choose from a wide array of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. Some may be a laid-back person who is rarely active, while another might be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational 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 pick from the merchandise available in its online store that they can take with them wherever they be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to the newcomers. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know how it works along with the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. How To Find Penny Stocks Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them could profit from picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, you should have curiosity. How To Find Penny Stocks Timothy Sykes
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources useful as they do their best to avoid loss and perform better than they did before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and 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 you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ How To Find Penny Stocks Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the “My Trade’ category of the dashboard. It lets you post your trades that are verified or not. You may choose between three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of 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 currently houses more than 150,000 investors and traders as they not only are seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market both right and left.