Stock trading can be a high-stakes game. Some days, you could have the benefit of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your most productive. If you are always in the mud, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve found an option that can help you in your growth within the field. We’ll be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Penny Stock 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 allows traders of all levels to be informative, transparent, accountable, and encouraging one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of the platform. Think of it as a social media site akin to Facebook and Reddit, but for experts 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 honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” The idea, he added, served two purposes: 1) making public records for everyone, not just the experts as well as students and newsletter writers and secondly) allowing everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Penny Stock Timothy Sykes
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared toward the success of their business. You can create an account for free, but you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to demonstrate that you’re worthy to the large group of traders, but you can also use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the concept of leaking your brokerage account, you may choose to publish your trades, whether verified or not, via screenshots. In Profit.ly are a variety of courses in trading and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus 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 guru who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access money from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning 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 proven to make significant amounts of profit from their combined years of knowledge. Penny Stock Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who 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 packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, it is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Timothy Sykes
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you going. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this plan you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows 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 information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their skills in trading. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics this could be a disadvantage for those who are anticipating this level. Penny Stock Timothy Sykes
Pro Plan
This is by far the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all options of the previous plans combined.
You’re not only 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 options, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be laid back and not very often active, while another might be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for all.
For instance, newbies 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 its in-house gurus and members. They’ll also be able to select from the products from its online store that they can take with them wherever they be. They can also gain hands-on experience trading on the platform, however they’ll realize that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly equally suited to them as the newcomers. While the newbies may not be as adept at managing trading however, experienced traders know the way it functions and the stack full of risks associated with it. It is ideal to use Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Penny Stock Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to instantly take advantage of the numerous features the platform is able 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 an answer to this question, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Penny Stock Timothy Sykes
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could find Profit.ly’s variety of resources useful as they do their best to avoid losses and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your fellows and gurus along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Penny Stock Timothy Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the “My Trade’ category of the dashboard. It lets you record your trades, verifiable or otherwise. There are three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you submit the information manually or via images, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market left and right.
