Stock trading can be a high-stakes game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to get back to the point you were at your best. If you are immersed in the water, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your growth within the field. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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 Where To Buy And Sell Penny Stocks
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative, transparent, accountable, and uplifting with each other through its broad range of features and tools such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines that the site. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The idea was, he said, serving two purposes: 1) creating public track records for not just the gurus as well as students and newsletter writers and secondly) making it possible for everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Timothy Sykes Where To Buy And Sell Penny Stocks
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. You may set up an account at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into how the community of traders performs as well as its gurus. It’s not just a way to demonstrate your worth to a group of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could decide to share your trades, verified or not, via pictures. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts via chatrooms along with 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 his involvement in the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition to a market that is larger as 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, earned an estimated $6 million profits throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make substantial profits from their collective years of knowledge. Timothy Sykes Where To Buy And Sell Penny Stocks
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices; texts, emails 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 program. Priced at $149.95 monthly, it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Where To Buy And Sell Penny Stocks
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally you’ll also have access to premium research reports and 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 started. The platform offers three membership levels, each designed for traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions 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 next strategy.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in The Novice package. In this plan, that you can create a private profile for sharing with fellow associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to view other traders’ statistics that might be a drawback for those anticipating this level. Timothy Sykes Where To Buy And Sell Penny Stocks
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, and an additional 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all the options of the previous 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. Both of these features, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of more services it has to provide. One of them is the online store, where customers can pick from a range of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One of them may be a laid-back person who is less active, while another might be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they be. You can also get hands-on experiences by trading through the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be treated as a joke.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to those who are just starting. While novice traders may not be as well-equipped with managing trading but the experts already know the way it functions and the risky mix that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. Timothy Sykes Where To Buy And Sell Penny Stocks
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of 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 a way to build your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for all
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds because the premium customers will immediately take advantage of the numerous services that the platform can provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you should have curiosity. Timothy Sykes Where To Buy And Sell Penny Stocks
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s array of resources to be helpful when they try their best to reduce loss and perform better than before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Where To Buy And Sell Penny Stocks
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion under the “My Trade section of the dashboard which lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is the chance that it is verifiable. This is indicated with the small blue check. If you submit it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.