Stock trading is an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your peak. If you find yourself always in the mud, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve discovered an option that can help you to improve your performance in the market. We’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Updated Videos On Penny Stock
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” The idea Sykes said served two purposes: 1) making public records for everyone, not just the experts, but also the newsletter writers and students as well as) making it possible for all users to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Updated Videos On Penny Stock
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared towards achieving success. It is possible to create an account at no cost, however you’re limited to access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to demonstrate your worth to a group of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account then you could decide to share your trades, whether verified or not, by taking screenshots. Included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom as well as 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 trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market can be seen as an avenue for small businesses to transition into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also 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 an estimated $6 million profits through his lengthy career as a trader. At the age of 25, he had been given greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial profits through their years of expertise. Timothy Sykes Updated Videos On Penny Stock
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: Founder and 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: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, texts, emails, 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 version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Updated Videos On Penny Stock
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, the daily market commentary 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 the extensive knowledge base that is provided by Superman himself, via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also have the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they will 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 trading world. When you sign up for this plan you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your fingers 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 messaging other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal account, making your actions public. If you’re interested in gain access to this feature, you should be watching for us to 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 package. This plan allows that you are able to create an account that is private for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders this could be a disadvantage for those anticipating this level. Timothy Sykes Updated Videos On Penny Stock
This is by far the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month which includes 22% off when billed annually This plan offers everything. You get full, no-holds-barred access to all the features 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 a private profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need 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 offer. One of these is its online store, where customers can select from a variety of video products that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in 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 provide live chat support. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One might be more laid back and rarely active, while another might be more interactive and online to their pupils. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus as well as their members. Additionally, they can select from the products from its online store for them to take wherever they may be. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. Like novices, they can study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Updated Videos On Penny Stock
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You will receive excellent training and tips from the internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for everyone
- Profit.ly’s numerous products and packages offered might be too much for the majority of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them could profit from picking the most profitable trades to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to immediately 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 could come up with the answer, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep curiosity. Timothy Sykes Updated Videos On Penny Stock
What we mean”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 useful in their efforts to incur lesser losses and perform better than they did before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your peers and experts on the way, look no further – Profit.ly may be a great choice to start.
FAQ Timothy Sykes Updated Videos On Penny Stock
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the ‘My Trade section of the dashboard that lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.