Stock trading is an extremely risky game. On certain days, you could have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to the point you were at your most productive. If you’re immersed in the water You will need to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you in your growth in the market. This review will take a look at Profit.ly A well-respected single-stop social platform to trade!
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 Timothy Sykes Best Trading Patterns
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed and accountable, as well as transparent and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those new to trading and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for 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. Think of it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” This idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus, but also the students and newsletter writers as well as) making it possible for all users to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Best Trading Patterns
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared toward achievement. You may set up an account on the site for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at their performance as a trading group and its gurus. You’re not just allowed to prove that you’re worthy to the large group of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, whether verified or not, by taking screenshots. Included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts via chatrooms as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because they can access capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trading professional. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place of transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have earned substantial profits from their collective years of experience. Timothy Sykes Best Trading Patterns
At its peak, Profit.ly had housed up to five gurus, each of them a pro 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. As of this writing, there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for 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 version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Best Trading Patterns
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
The film “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 his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign to this plan you’ll be given a slew of robust and indispensable trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from The Novice package. This plan allows that you are able to create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats this could be a problem for those who are anticipating this level. Timothy Sykes Best Trading Patterns
This is by far the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 per month, which includes an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all features from the two previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating an individual profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which allows users to select from a variety of video products that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a real-time place where gurus and their members trade and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members there. Some may be more laid back and not very often active, while another may be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus and their members. They’ll also be able choose from the items on its store online that they can take with them wherever they may travel. You can also get hands-on experience trading on the platform, however they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as well-equipped with managing trading, the pros already understand the way it functions and the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Best Trading Patterns
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with tons of learning, communication, and trading tools
- You’ll be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- As traders may opt to post any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of services the platform has 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’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Timothy Sykes Best Trading Patterns
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s range of resources to be helpful in their efforts to avoid losses and perform better than before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Best Trading Patterns
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the ‘My Trade’ category of the dashboard. It lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is evident by the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are 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.