The stock market can be a high-stakes game. On some days, you might enjoy the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to the point you were at your best. If you find yourself immersed in the water, you will have to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you in your improvement within the field. In this review, we’ll be taking 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.
Total Rating: 4.1/5 Timothy Sykes Chart Patterns
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those new to trading as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries that the site. Imagine it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been prior to.” The idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus, but also the students and newsletter writers and secondly) allowing everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Timothy Sykes Chart Patterns
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. You may set up an account for free, but you’re limited to the capability to browse the leaderboard and observe 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 will need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of how the community of traders performs as well as its experts. It’s not just a way to demonstrate your worth to a large group of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you may opt to post your trades, verified or otherwise, through photographs. In Profit.ly are a variety of trading classes as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus through the chatroom along with 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 trading guru who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have made substantial amounts of money from their combined years of experience. Timothy Sykes Chart Patterns
At its peak, Profit.ly had housed up to five gurus, each of them an expert 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 others. At the time of writing however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is 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 highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, including swing trading alerts and unlimited access to a rich library of over 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 swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Chart Patterns
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate 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 Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each 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 program is the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to take advantage of the majority of features available in the Novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able view other traders’ stats that could be a problem for some who may be anticipating this level. Timothy Sykes Chart Patterns
Pro Plan
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month and a 22% discount when billed annually This plan offers it all. You will have full, unrestricted 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 opportunity to create a private profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly has a few additional services that it can offer. One of them is the online store, which allows users to choose from a wide array of video products that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with the chat room as you will see it on social and messaging platforms in addition to a few special websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time area where experts and members trade and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members. One of them may be more laid back and less active, while another might be more active and in touch to their pupils. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best 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 experienced professionals. With the variety of deals it offers this platform definitely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to select from the products from its online store for them to take wherever they may be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that trading is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the line, we see Profit.ly equally suited to them as the newcomers. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works and the risky mix that come with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Chart Patterns
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- 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 verifiable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for most of its customers
- As traders may opt to open any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to boost their rating This could be a concern that should not be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Chart Patterns
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources to be helpful as they do their best to avoid losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Chart Patterns
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as 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 over 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.
