The stock market can be a high-stakes game. On certain days, you may be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your peak. If you are always in the mud, you will have to realize that relying on pure instinct and preservation 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. You’re also gonna need an enormous boost from your trading partners from all over the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. In this review, we’ll be taking an in-depth 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 Pdt Pattern Timothy Sykes
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative, transparent, accountable, and encouraging each other by offering a wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries that the site. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was established 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 motivated by its focus “on showing every trade, something that has never been prior to.” This idea, he added, served two purposes: 1) making public records for not just the gurus as well as newsletter writers and students, and 2) giving all users to learn from the losses and wins to the benefit of the trading industry. Pdt Pattern Timothy Sykes
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared toward the success of their business. You can create an account there for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to demonstrate your worth to a large group of traders. You are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could decide to share your trades, either verified or not, via photographs. Also included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, in addition to 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 is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks is an opportunity for small businesses to transition to a large marketplace as it gives them access to funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trader. When he was 25 years old Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make significant amounts of profit from their collective years of knowledge. Pdt Pattern Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: the 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 take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices; email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans which includes alerts for swing trading and access to a library of over 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Pdt Pattern Timothy Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. In addition you’ll also gain the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s break down what these three are and how much they will cost you.
The package called Novice 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 package, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what call a competitive process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private account, making your activities publicly available. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to use many of the features of the Novice plan. It is in this plan that you can set up a private profile to share with fellow associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their trading skills. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders, which might be a drawback for those eager to try this new tier. Pdt Pattern Timothy Sykes
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes an additional 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to see other users’ stats and data, but you also have the chance to create a private profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few other services they offer. One of those is its online store, where customers can select from a variety of videos created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. One might be more laid back and rarely active, while another may be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able choose from the items on its store online to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that trading is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as proficient in handling trading matters however, experienced traders know how it works along with the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to develop their trading abilities. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to assist them in the ever-changing trading process. Pdt Pattern Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be simply overlooked
- 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 The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, it is best to keep an open mind. Pdt Pattern Timothy Sykes
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources useful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you truly care about being more successful in trading and would like to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Pdt Pattern Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the “My Trade’ category of the dashboard which allows you to post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.