Stock trading is an exciting game with high stakes. On some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were at your best. If you find yourself always in the mud You will need to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time You’ll need 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 discovered an option that can help you in your growth in the market. In this review, we’ll be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Possible To Trade Penny Stocks Tim Sykes 3000
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informed responsible, transparent, and encouraging each other by offering a wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for those new to trading and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The concept, he added, served two purposes: 1) making public records for everyone, not just the experts and newsletter writers and students, and 2) making it possible for everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Possible To Trade Penny Stocks Tim Sykes 3000
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared at achieving success. You can create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Making an account easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll have the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into their performance as a trading group and its experts. You’re not just allowed to prove that you’re worthy to the community of traders. You can also use Profit.ly to shop with a professional with the confidence that you are confident in their skills and the veracity of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account you may choose to publish your trades, whether verified or not, by taking screenshots. In Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, as well as 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 trader who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move to a large marketplace as it allows them to access money from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trader. At 25 years old Sykes was given more exposure and a wider impact when he was a part of the reality series “Wall Street Warriors.” Then, he made use of the show to establish trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the experts in trading who have made substantial profits from their collective years of experience. Possible To Trade Penny Stocks Tim Sykes 3000
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for 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 premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features of prior plans, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Possible To Trade Penny Stocks Tim Sykes 3000
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign to this plan, you will be immediately offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re looking to get the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows you to use many of the features of the novice plan. It is in this plan that you can set up an individual profile that allows you to share with other associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their skills in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ stats, which might be a drawback for those looking forward to this tier. Possible To Trade Penny Stocks Tim Sykes 3000
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, with an additional 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which allows users to select from a variety of instructional videos that are designed to inform and help you understand the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other related to trading, videos and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You may be familiar with the chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a real-time 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 there. One of them may be a laid-back person who is less active, while another may be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room tips by its internal 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 go. You can also get hands-on experience trading on the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as well-equipped with managing trading but the experts already know how it works and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s range of features to their best advantage to enhance their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Possible To Trade Penny Stocks Tim Sykes 3000
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for all
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its users
- Since traders can choose to make any type of trade, there’s a possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Possible To Trade Penny Stocks Tim Sykes 3000
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources useful when they try their best to incur lesser losses and be more successful than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Possible To Trade Penny Stocks Tim Sykes 3000
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the ‘My Trade category on the dashboard. It lets you post your trades, either verified or otherwise. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.