Stock trading can be an exciting game with high stakes. On certain days, you could enjoy the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it can be very difficult to return to where you were at your most productive. If you’re always in the mud You will need to realize that relying on pure instinct and preservation 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. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve identified an online platform that will help you in your growth within the field. We’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Trading Patterns
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools including trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never previously done.” This idea Sykes said served two objectives: one) keeping track of public data for not just the gurus as well as students and newsletter writers, and 2) allowing anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes Trading Patterns
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared at achieving the success of their business. It is possible to create an account there for free, but you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a look at the performance of the trading community and its experts. It’s not only a chance to prove that you’re worthy to the group of traders. You are also able to use Profit.ly to shop with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, then you could decide to share your trades, whether verified or not, by taking pictures. In Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile and other methods to communicate with your gurus in the chatroom, as well as notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock which trades at less than $5 per share. Penny stock trading could be viewed as an avenue for small businesses to transition to a market that is larger as it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as a trader. At the age of 25 Sykes was given greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial profits from their collective years of expertise. Tim Sykes Trading Patterns
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices; email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Trading Patterns
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition, you’ll also get access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what call a competitive process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits; leading, following and even texting other traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of the majority of features available in the Novice plan. This plan allows that you can create an account that is private to share with other associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their expertise in trading. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able to view the statistics of other traders this could be a problem for some who may be anticipating this level. Tim Sykes Trading Patterns
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, which includes a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all options of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create a private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of more services it has to provide. One of these is its online store, where customers can pick from a range of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other related to trading, videos and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You may be familiar with the concept of chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat support. But in Profit.ly, it is seen as a area where experts and members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. Some may be more laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able to choose from the items from its online store to carry with them wherever they go. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be treated as a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as adept at managing trading however, experienced traders know how it works along with the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Tim Sykes Trading Patterns
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for everyone
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its users
- As traders may opt to post any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to immediately take advantage of the numerous services the platform has to offer
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created to achieve this goal. Instead, you need to have an open mind. Tim Sykes Trading Patterns
What we mean”yes” is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s array of resources useful as they do their best to incur lesser loss and perform better than before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be a better trader and want to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Tim Sykes Trading Patterns
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the My Trade’ category of the dashboard which lets you record your trades that are verified or not. There are three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.