The stock market can be an extremely risky game. Some days, you might be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to get back to the point you were at your best. If you are always in the mud You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your improvement within the field. In this review, we’ll take an in-depth look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes Pattern Day Trader Rule
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative responsible, transparent, and uplifting with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both 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 advanced analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading 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 created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” The idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter writers and students and secondly) making it possible for all users to be enlightened by both the wins and losses to the benefit of the trading industry. Tim Sykes Pattern Day Trader Rule
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared toward achievement. It is possible to create an account there at no cost, however you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offers, which we will go over shortly.
Setting up an account is easy: create an account with your experience and expertise, connect to your brokerage account and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into how the community of traders performs and its experts. You’re not just allowed to prove your worth to a group of traders. You are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the credibility of their claims.
If you are unsure about the idea of sharing your brokerage account, then you could opt to post your trades, either verified or not, via pictures. In Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, along with 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 guru who has been famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. Penny stock trading can be seen as an opportunity for small businesses to transition to a large marketplace as it allows them to access funds from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trader. At the age of 25 Sykes was given greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make substantial amounts of money from their collective years of expertise. Tim Sykes Pattern Day Trader Rule
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. 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 only two gurus remain on this platform: the 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 look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s 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 highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Pattern Day Trader Rule
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders at different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign to this plan, you will be immediately offered a range of strong and essential trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks 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 do want to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets users to benefit from a majority of features from The Novice package. This plan allows that you can set up an account that is private for sharing with fellow associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their skills in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ statistics this might be a drawback for those who are anticipating this level. Tim Sykes Pattern Day Trader Rule
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month with a 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly has a few more services it has to provide. One of these is its online store, which allows users to 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. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You may be familiar with chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. Some may be laid back and not very often active, while another might be more online and communicative with their students. Think of chat rooms like 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 are geared towards a large variety of stock traders, from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the risky mix associated with it. Ideally, they may utilize Profit.ly’s range of features to their best advantage to develop their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade 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 skill to others in order to navigate them through the ever-changing trading process. Tim Sykes Pattern Day Trader Rule
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict 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. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, it is best to keep an open mind. Tim Sykes Pattern Day Trader Rule
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources useful as they do their best to avoid losses and be more successful than they did before. Not only poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Tim Sykes Pattern Day Trader Rule
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion in the ‘My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may cause you to show up in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market left and right.