Introduction To Penny Stock Trading Tim Sykes Dv

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The topic of investing and trading is one of the most popular topics in personal financial management. The allure of making deals and capturing profits based on sound fundamental analysis and technical understanding (and maybe a bit of luck) has regularly caught the eye of would-be traders looking to up their income.

You have many options for financial strategies and products, making managing your position more difficult. This can make it more difficult to manage your performance and keep up with the rapid market changes.

Profit.ly is an online platform that aims to reduce the disparities in skill between professional and amateur traders. It opens communication channels between them and creates an open community for sharing information on the best and worst trades on the markets.

This article will discuss the systems that make up the Profit.ly platform, their “Guru” system, the pricing behind their services, and our overall impression of how Profit.ly does as a trading resource.

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Before you go on, you may want to watch this video by Mr. Longevity on YouTube that gives a quick review. After, you will want to read the rest of the article for a more comprehensive review.

Profit.ly Features Introduction To Penny Stock Trading Tim Sykes Dv

Trading can be difficult. This is something that both professionals and novices have learned throughout their careers. However, this doesn’t mean you shouldn’t be able to get help from others. Profit.ly allows traders to share information about viable trades and price movements, without having to worry about their anonymity.

Profit.ly can be looked at as a new way to have a socially trading environment, complete with mentors, groups, and leaderboards to see who is leading in terms of deals and their strategy. Profit.ly is a combination of the social nature of Facebook and the competitive nature of your favorite arcade game.

Profit.ly is not just a forum for traders to discuss their strategies. Profit.ly membership packages include their performance trackers so that you can adequately monitor your deals and how each new sale may affect your portfolio as a whole. The platform’s trades are primarily short-term swings and intra-day trading. This can cause jitters, but it is where the action is. Profit.ly helps you by managing the data and showing you your deal performance in real-time.

Introduction To Penny Stock Trading Tim Sykes Dv

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Analytics for Trading

The Profit.ly platform can provide you analytics into several critical factors in your daily trading regiment, such as:

  • Total Running Net Profit
  • Gross profit
  • Trade Volume
  • Percentages of Gain and Loss
  • Average gains/losses
  • And much more.

Some of these tools may already be part of your standard brokerage account suite. But what if you have multiple brokerage accounts? Or what if you want to manage accounts on different platforms? In that case, Profit.ly can provide a singular source to collate and view your overall performance on a macro-level. You want to find out which portion of your portfolio is too risky? Which is the best performer of your portfolio? Profit.ly’s deal tracker makes a great daily trading companion.

Trade Leaderboard and Deal Verification

Your trade performance doesn’t have to be limited to your isolated enjoyment. The trade leaderboards bring joy to the otherwise difficult task of monitoring and maintaining your portfolio’s performance.

With Profit.ly, you can view the top performers who shared their deal metrics on the leaderboards and even see what kind of trading tactic they use through their shared posts. You can share materials and links to deal strategies that you have found useful in your career if you are the top dealer. Helping one person may be a way to benefit you in the future. Sharing is the key here.

Also, you can share your losses with other traders who have suffered a loss. It is always better to share your grief with others in your life and even in your financial affairs.

Profit.ly has an automated authentication system that allows you to sync your brokerage accounts with Profit.ly. Profit.ly even offers a funny demerit system, called “Maddoff-ed”, after the infamous Bernie Maddoff’s Ponzi-hedge fund. Any user can designate any other user that fails to authenticate deals using a Madoff tag. Ironically, there’s even a “leaderboard” of Madoff-related users.

Profit.ly members have access to this leaderboard as well as other positive leaderboards that feature the highest-earning users. This leaderboard is useful for those who want to know which people to follow in marketing and trade management. You can filter the leaderboards and your account based on specific terms to gain a better understanding of your account.

Keep Up with Other Traders

It’s easy to network with anyone you like, expanding your industry contacts and lending your trading expertise to others. Shoot them a private message or post on their wall to start interacting with Profit.ly’s community of traders.

Profit.ly allows you to follow the trades of other traders in real time. You can follow as many traders you like and create a curated feed with your favourite traders so that you don’t miss out on any good deals.

You can curate your profile to feature the items you want other traders to see as well. You can create a small group to help you strategize with traders.

Maybe all the socializing is not for you. While other traders can help you develop new trading strategies and offer advice, it may not be your speed. Not to worry, Profit.ly comes with tools and options to fully privatize your profile so that you can keep your information and your trades viewable to you and you alone.

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Profit.ly Package Pricing

As with many online services nowadays, Profit.ly has both a free plan and tiered paid plans that you can subscribe to, each tier conferring different benefits at subsequently higher prices.

Free Account

First off, know that you don’t need to pay a single cent to join Profit.ly’s social trading platform. They have a simple set-up procedure to allow you to participate using just your email and your chosen screen name. You can start to enjoy limited privileges as a Profit.ly member by confirming your email via the registration email. These benefits include:

  • Importing trades from a brokerage accounts
  • View account data and reportage
  • See your rank on the Leaderboards
  • View the blog and other community posts

You should be aware that you might not have access to certain features paid Profit.ly users enjoy.

This accessible account option is still a great choice for traders who want to join a trading community and begin their trading journey.

Novice Package

You can upgrade to the Novice Package for $29.95 per month if you are interested. Not only does it include all the features of the free account as stated above, but it also allows you to verify and track trades across the community and comment on user profiles and posts. You can also begin following users on their trading performance, communicate with them more robustly with Profit.ly’s full chat suite, and view other trader stats to see how they are doing in specific deals and portfolios.

Trader Package

If you’re serious about trading, you may know that an essential aspect of any good trade is keeping certain positions confidential. If you expose your work to the wider market, it could lead to it moving against you. Have a significant enough position to be publicly exposed and expect to see a cascade of losses against you.

You can create a private profile with the Trader package for $49.95 per month. This may be a sign to the community that you are an experienced trader who keeps their cards close to your chest. This way, you can keep your deals and their subsequent gains/losses private to you and you alone.

Naturally, the Trader package comes with all the features mentioned in the Free and Novice packages, with one key exception: the ability to view other stats. Due to the focus on individual trade performance, the trader package forgoes the ability to view other trader’s versions to keep their profile hidden from the users on the platform.

Pro Package

I’m sure there will be some of you who will look at all three of the previous packages and wonder if there is an all-encompassing model which hands you the reins to the website’s many advanced features.

This model is called Profit.ly’s Pro Package, which comes at a sizable $74.95 a month, though there is a 22% discount available for those who are willing to pay the fees in bulk for an annual subscription plan.

Please think of the Pro Package as a synergy of all the features found in the Novice and Trader packages: you get to continue to view user statistics while allowing yourself the option of privacy in the moments when you need it most.

This package is reserved for those most serious about getting the most out of the Profit.ly platform, so expect many of these users to be seasoned traders or users with deep enough pockets to afford the plan on a subscription basis.

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Guru System

The Guru System is a unique part of the ecosystem that makes up the Profit.ly platform. While Profit.ly primarily markets itself as a social trading platform, it is also a resource center for learning about some tips and tricks regarding market performances and unknown signals to the everyday trader.

While there are many options available that can teach you how to trade in a certain way (which is also available on the Profit.ly platform), the Guru System is more hands-on, which allows you to learn from actual traders who’ve been in the industry for a long time, including Profit.ly’s founder Tim Sykes.

The Guru system is a separate subscription from the membership packages we’ve outlined above, as it gives you direct access to curated real-world tips on where the market is and how to make the most use out of current trends. The Guru’s available change with time, so currently, you have two available experts you can subscribe to, Tim Sykes or Paul Scolardi.

Guru 1: Tim Sykes

Tim Sykes is the most well-known name on the site. He has been a successful trader in penny stock markets and has made a name of himself. His students have made $16million through the trades they mentored, according to data on the site. Introduction To Penny Stock Trading Tim Sykes Dv

Tim offers mentoring in two packages: Tim’s alerts and Pennystocking Silver. Tim’s Alerts grants you access to his exclusive chat room so you can direct communication with him and his other students, as well as 5 to 10 different stocks to be added to a curated watchlist. You can also opt-in for SMS, Email, and push notifications on your smartphone that can alert you to any key trades you may be watching out for. This plan comes at $74.95 per month, a whole separate subscription from the Profit.ly tiered membership packages. Introduction To Penny Stock Trading Tim Sykes Dv

Pennystocking Silver is Tim’s more aggressive trading mentorship available at $149.95 per month in subscription fees. The Guru package contains all of the features in Tim’s Alerts, but also includes his archive of approximately 7000+ trading lessons and weekly updates.

You can subscribe to both packages on a monthly basis but get a discount of around 20% if you subscribe each year. Introduction To Penny Stock Trading Tim Sykes Dv

Guru 2: Paul Scolardi, aka Superman

With a nickname like Superman, you can be sure to expect some great things to improve your trading and your overall understanding of the market. Paul Scolardi wears the nickname well and proves to be a veteran smallcap swing trader. He specializes in finding explosive potential using market signals and is able to profit big from incoming swings. That’s a “Superman” power in terms of market understanding if there ever was such a thing.

Paul, like Tim, has two subscription options: Superman Alerts or Superman Pro. Superman Alerts functions similarly to Tim Sykes’ alerts package but comes at a higher price point of $147 per month. Superman Pro is similar to the Tim Sykes package, but it gives you access to Paul’s entire video library and research reports. It also includes a handy IPO tracker that allows you to play the IPO-pops associated with new listings. The Pro package costs $247 per month. Introduction To Penny Stock Trading Tim Sykes Dv

Overall Impressions

Profit.ly may not be the next Facebook, but that may work in its favor as it focuses on a niche profession and allows its users to put their minds towards their trading and the community around it. The site is simple to use, and you can check out the blog tab for similar topics submitted by users. Introduction To Penny Stock Trading Tim Sykes Dv

This is not a platform that guarantees “get rich quick”, but rather a social platform for traders to learn from one another and better understand the ever-changing financial markets. Try it out with their free plan, and if you like the platform, you can easily subscribe to some of the lower-tier intends to see what more you can do with the platform. It’s necessary to temper your expectations with what the platform can do for you financially, but you may learn a thing or two on the way to becoming a better trader altogether.

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Most Frequently Asked Questions Introduction To Penny Stock Trading Tim Sykes Dv

Does Profit.ly cost money?

Profit.ly offers several membership options. One is a free account, while most require a paid subscription. While you can get plenty done using a free account, most of Profit.ly’s more robust systems can only be accessed through their paid subscription packages.

How do I Open a Profit.ly account?

Profit.ly accounts can be opened in seconds. You don’t have to pay anything and you can start building your profile right away. You can set up your account as any other social media platform. Once you have verified your email through their registration email, you will be able to confirm that it is legitimate.

Profit.ly’s paid subscriptions require you to have a valid payment option and complete their secure online order form.

How Do I Cancel My Subscription?

You can cancel your subscription at any time and for any reason through the accounts management page. Click your profile image at the top right corner of the screen and click settings. In the settings tab, you can see an option to manage your current subscriptions. Click on the subscription that you wish to cancel and then click on it again.

If you have any other concerns, you can contact support@profit.ly or call their hotline at 205-851-0506. You can also use the support button tab on every page on the Profit.ly website or submit an easy-to-fill-out web form.

Who is Tim Sykes?

The man behind Profit.ly, Tim Sykes, has been a somewhat controversial figure in trading due to his focus on penny stocks, his aggressive marketing style, as well as his brash persona. His deals are legitimate and his trading style has made him a successful trader.

He has had his share of losses, just like any trader. But Tim Sykes is willing to consistently learn from them and share these learnings with the Profit.ly community.

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