Stock trading can be a high-stakes game. Some days, you may have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to get back to where you were your best. If you’re constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you in your growth within the field. This review will be taking the time to look at Profit.ly A well-respected one-stop 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.
Total Rating: 4.1/5 Stock Trading Scanner Timothy Sykes Uses
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be informed responsible, transparent, and to build relationships with each other through its broad array of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for people who are starting out and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” The idea Sykes said served two objectives: one) making public records for not just the gurus as well as newsletter writers and students and secondly) giving everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Stock Trading Scanner Timothy Sykes Uses
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared toward the success of their business. You can create an account there at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is easy: create an account with your experience 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 feature, as previously mentioned it is designed to provide its users a look at how the community of traders performs as well as its gurus. It’s not just a way to prove that you’re worthy to the large group of traders. You can also utilize Profit.ly to buy with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can opt to post your trades, verified or not, via screenshots. Included in Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small businesses to transition into a larger market because it allows them to access capital from the general 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 through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have made significant amounts of profit from their combined years of experience. Stock Trading Scanner Timothy Sykes Uses
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the most famous experts were 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: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, it is a great option for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans which includes alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Stock Trading Scanner Timothy Sykes Uses
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally you’ll also gain an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign up for this package you’ll be offered a range of strong and essential trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their skills in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ statistics, which could be a disadvantage for those anticipating this level. Stock Trading Scanner Timothy Sykes Uses
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, with a 22% discount when billed annually, this tier has it all. You will have full, unrestricted 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 chance to create a private profile. Both of these features, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, which allows users to select from a variety of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls 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 like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms 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 is seen as a space where experts and their 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 listed members. Some may be a laid-back person who is not very often engaged, while another could be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room tips by its internal gurus and members. Additionally, they can choose from the items in its online store for them to take wherever they may be. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to the newcomers. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works and the risky mix that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to enhance their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. 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 up Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Stock Trading Scanner Timothy Sykes Uses
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s numerous products and packages offered might be too much for a lot of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you need to have the ability to think with an open heart. Stock Trading Scanner Timothy Sykes Uses
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and perform better than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become a better trader and want to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Stock Trading Scanner Timothy Sykes Uses
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the “My Trade’ category of the dashboard that lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through images, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
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 works with all operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market both right and left.
