Stock trading is an extremely risky game. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were your peak. If you find yourself always in the mud, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve found an option that can help you to improve your performance in the industry. In this review, we’ll be taking the time to look at Profit.ly A well-respected single-stop social platform to trade!
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 Trade Penny Stocks Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders new to trading as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools to facilitate trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of this platform. 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 then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” The concept Sykes said served two objectives: one) making public records for all traders, not just the gurus and students and newsletter writers as well as) giving all users to gain insight into both the wins and losses to benefit the industry of trading. How To Trade Penny Stocks Timothy Sykes
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared toward success. It is possible to create an account there for free, but you’re only given access to the leaderboards and monitor the activities 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 subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a look at their performance as a trading group as well as its gurus. It’s not just a way to show that you’re worthy to the community of traders. You can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking your brokerage account, you can choose to publish your trades, verified or not, via screenshots. Included in Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account, and more ways to interact with your experts via chatrooms in addition to 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 is well-known for his efforts in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as they can access capital from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial profits from their combined years of knowledge. How To Trade Penny Stocks Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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. When we take that into account, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices; texts, emails 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, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. How To Trade Penny Stocks Timothy Sykes
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information 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 the growing collection of the previous ones. Additionally you’ll also have access to premium research reports as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign to this plan you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal account, making your personal information public. If you do want to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows you to use many of the features of the Novice plan. This plan allows that you can create a private profile for sharing with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their trading skills. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ stats this might be a drawback for some who may be looking forward to this tier. How To Trade Penny Stocks Timothy Sykes
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. With $74.95 per month, with 22% off when billed annually the Pro plan has everything. You will have full, unrestricted access to all the features of the prior plans.
You’re not only able to view other people’s stats and data, but you also have the option of creating a private profile. Both of these features, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of other services they provide. One of those is its online store, which allows users to select from a variety of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and clips taken 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 variety of features and services. You may be familiar with the chat room as you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly, it is seen as a hands-on place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. One of them may be laid back and less active, while another might be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from novices to experienced professionals. With the variety of deals it can provide this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and their members. Additionally, they can select from the products from its online store for them to take wherever they may go. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable to them as the newcomers. While the newbies may not be as well-equipped with managing trading however, experienced traders know how it works and the risky mix associated with it. Ideally, they may make use of Profit.ly’s range of features to their full advantage to develop their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. How To Trade Penny Stocks Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them will profit by cherry-picking the best trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because its premium users will immediately benefit from the many services the platform has to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s 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 Trade Penny Stocks Timothy Sykes
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources useful as they do their best to reduce losses and perform better than they did before. It’s not just the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be better at trading and wish to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ How To Trade Penny Stocks Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard that lets you record your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are 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 the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many 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 to help one another learn and improve in acquiring stock market opportunities both right and left.
