Stock trading is a high-stakes game. On certain days, you might have the benefit of positive and satisfactory numbers. However, on other days, 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 constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve found a platform that can support you in your improvement in the industry. We’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Trading Penny Stocks Book
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those who are starting out and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad variety of tools to facilitate trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar 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’s trading model is based 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 his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that has never been previously done.” The concept Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts and newsletter authors and students and secondly) giving anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Timothy Sykes Trading Penny Stocks Book
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared toward achievement. You may set up an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at the performance of the trading community and its gurus. You’re not just allowed to show your worth to a large group of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, you can choose to publish your trades, either verified or not, via pictures. In Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in 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 trading of penny stocks could be viewed as a stepping stone for small companies to move into a larger market because it allows them to access capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made substantial profits through their years of expertise. Timothy Sykes Trading Penny Stocks Book
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, 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. In light of that Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $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 single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices, as well as 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 program. Priced at $149.95 for a month it is a great option for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated every week.
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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 the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Trading Penny Stocks Book
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “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 via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also have access to premium research reports as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign up for this package you’ll be given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re looking to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows users to benefit from the majority of features available in the Novice plan. In this plan, that you can set up a private profile for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able view other traders’ statistics, which could be a disadvantage for some who may be anticipating this level. Timothy Sykes Trading Penny Stocks Book
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, with 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all features from the two prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating your own private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few other services they offer. One of those is its online store, which lets users pick from a range of video products created to provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and footage of The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room as you can see it across messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time area where experts and members can interact and share 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 laid back and less active, while another may be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items on its store online that they can take with them wherever they may travel. You can also get hands-on experiences from trading within the platform, however, they will soon learn that trading is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the risky mix associated with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to develop their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Trading Penny Stocks Book
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- As traders may opt to make any type of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a concern that should not be ignored.
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, you need to have an open mind. Timothy Sykes Trading Penny Stocks Book
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck could discover Profit.ly’s range of resources to be helpful in their efforts to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Trading Penny Stocks Book
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the My Trade section of the dashboard. It allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market both right and left.