Stock trading can be a high-stakes game. On certain days, you might be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be extremely difficult to return to the point you were at your most productive. If you’re immersed in the water it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you in your improvement in the industry. This review will take a look at Profit.ly, a well-recognized one-stop 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 Timothy Sykes How To Find A Penny Stock
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed responsible, transparent, and to build relationships with each other through its broad array of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those new to trading as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as is humanly possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” The concept was, he said, serving two objectives: one) creating public track records for not just the gurus and newsletter writers and students as well as) allowing anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Timothy Sykes How To Find A Penny Stock
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared at achieving success. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a look at their performance as a trading group as well as its experts. You’re not just allowed to show your worth to a community of traders, as you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you may choose to publish your trades, either verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile and other methods to connect with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a market that is larger as it gives them access to capital from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have earned substantial profits through their years of experience. Timothy Sykes How To Find A Penny Stock
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 as well as a handful of others. At the time of writing, only two gurus remain on this platform: 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 offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes How To Find A Penny Stock
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that cater to traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed to this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. It is in this plan that you can create an individual profile that allows you to share with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able view other traders’ statistics, which could be a disadvantage for those who are eager to try this new tier. Timothy Sykes How To Find A Penny Stock
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, and 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all the options of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the chance to create a private profile. Both of these options, plus the other benefits that you can use to their fullest capacity. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, where customers can pick from a range of video products created to provide guidance on the ins and outs of trading. The products listed in this section of the website can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you will see it on social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time area where experts and members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. One of them may be laid back and rarely active, while another may be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it offers this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that this is a high-stakes game that should not be viewed as a joke.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as adept at dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Timothy Sykes How To Find A Penny Stock
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You get to be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep curiosity. Timothy Sykes How To Find A Penny Stock
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s array of resources to be helpful in their efforts to reduce losses and perform better than before. Not only struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really care about being a better trader and want to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes How To Find A Penny Stock
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the “My Trade’ category of the dashboard that lets you record your trades, verifiable or not. You may choose between three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the small blue check. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people 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 to download via the Apple App Store and 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 because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.
