Stock trading is an exciting game with high stakes. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it can be very difficult to get back to the point you were at your best. If you find yourself always in the mud it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will 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 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Penny Stock 101 Timothy Sykes Pdf
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad variety of tools and features including chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade that help traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Imagine it as a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that was never previously done.” The idea, he added, served two objectives: one) making public records for all traders, not just the gurus, but also the newsletter writers and students and secondly) giving all users to gain insight into both losses and wins for the trading industry’s benefit. Penny Stock 101 Timothy Sykes Pdf
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared at achieving success. You may set up an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and 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.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at how the community of traders performs and its gurus. It’s not only a chance to demonstrate value to a community 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 legitimacy of their assertions.
If you are unsure about the concept of leaking the details of your broker account you may opt to post your trades, whether verified or not, by taking photographs. In Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile, and more ways to interact with your experts via chatrooms along with 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 has been famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trading professional. When he was 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to establish 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 place for openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions 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 experts in the field of trading who have made substantial profits from their combined years of expertise. Penny Stock 101 Timothy Sykes Pdf
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, 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. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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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 both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Penny Stock 101 Timothy Sykes Pdf
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. Once you have signed up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, there is a downside. You can’t create a private account, making your activities publicly available. If you do want to gain access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the Novice plan. In this plan, that you can set up a private profile for sharing with fellow associates all your insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats that could be a disadvantage for those who are anticipating this level. Penny Stock 101 Timothy Sykes Pdf
This is by far the highest luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, and 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the options of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of other services they provide. One of them is the online store, which lets users choose from a wide array of video products that are designed to educate and guide you through the ins and outs of trading. The products listed on this page of the site can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You are probably familiar with 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 it’s seen as a hands-on space where experts and their members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One of them may be more laid back and rarely active, while another may be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to the most experienced. 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 information available on the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able 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, however they’ll realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as proficient in handling trading matters however, experienced traders know how it works and the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to develop their trading abilities. Like novices, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Penny Stock 101 Timothy Sykes Pdf
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with the answer, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, you should have the ability to think with an open heart. Penny Stock 101 Timothy Sykes Pdf
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources to be helpful as they do their best to avoid losses and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being a better trader and want to be taught by your fellows and gurus on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Penny Stock 101 Timothy Sykes Pdf
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the “My Trade category on the dashboard which lets you record your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people can detect who’s being fraudulent 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 is compatible with most working smartphones and tablets.
How many people are currently connected to 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 develop and grow in their ability to take advantage of opportunities on the stock market left and right.