The stock market can be a high-stakes game. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it could be extremely difficult to get back to where you were your peak. If you’re constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve found an option that can help you in your growth in the market. We’ll be taking a look at Profit.ly, a well-recognized 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 Timothy Sykes Penny Stocks To Watch
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people new to trading as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad array of options for trade and communication that help traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never prior to.” The concept Sykes said served two objectives: one) creating public track records for all traders, not just the gurus and newsletter writers and students and secondly) giving anyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Penny Stocks To Watch
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared towards achieving the success of their business. You can create an account there at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at their performance as a trading group as well as its gurus. You’re not just allowed to prove value to a group of traders. You are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, whether verified or not, via pictures. Included in Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, 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 trading personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as a stepping stone for small businesses to transition to a large marketplace as it allows them to access funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. At the age of 25 Sykes was given greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money through their years of expertise. Timothy Sykes Penny Stocks To Watch
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this 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: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month it is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Penny Stocks To Watch
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself via the 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. On top of that you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels, each designed for traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign to this plan, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use many of the features of the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to develop their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Penny Stocks To Watch
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, which includes a 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all features of the previous plans combined.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these features, plus the other 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 a skilled trader, maybe 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 offers a number of more services it has to provide. One of these is its online store, which lets users pick from a range of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You’re probably familiar with chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat support. But in Profit.ly it’s seen as a area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be more laid back and less engaged, while another could be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able to choose from the items on its store online to carry with them wherever they go. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as a joke.
For the traders with 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 proficient in handling trading matters, the pros already understand how it works along with the stack full of risks that come with it. 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 study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Penny Stocks To Watch
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication 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 live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to boost their rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Penny Stocks To Watch
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources helpful when they try their best to reduce losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being more successful in trading and would like to learn from your peers and experts along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Timothy Sykes Penny Stocks To Watch
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the ‘My Trade’ category of the dashboard. It lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is a high chance that it is verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is 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 on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.