Stock trading is an exciting game with high stakes. On certain days, you may enjoy the benefits 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 at your best. If you are immersed in the water it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced loss 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 fellow traders from around the globe, which is why we’ve found an online platform that will help you to improve your performance within the field. In this review, we’ll take an in-depth look at Profit.ly A well-respected all-in-one 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 Timothy Sykes Technical Analysis
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those new to trading and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” This idea Sykes said served two purposes: 1) creating public track records for not just the gurus and students and newsletter writers as well as) allowing anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Technical Analysis
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed at achieving achievement. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group as well as its gurus. It’s not just a way to prove that you’re worthy to the large group of traders, but you are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the credibility of their claims.
If you feel uneasy with the concept of leaking the details of your broker account then you could choose to publish your trades, verified or not, via screenshots. Also included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile, and more ways to interact with your experts through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small companies to move into a larger market because they can access money from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have made substantial profits from their combined years of knowledge. Timothy Sykes Technical Analysis
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous gurus included 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: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will see him focus on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A purchase on its own from 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, as well as text, e-mail and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in prior plans, including 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 is known under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Technical Analysis
The Superman Alerts plan is an offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that cater to traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this plan you’ll be provided with a variety of powerful and essential trading tools, all of them integral in keeping your fingers on what we call a competitive process in and of itself.
The list of features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. In this plan, that you can set up a private profile to share with other associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their expertise in trading. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, you will not be able view other traders’ stats, which could be a problem for those looking forward to this tier. Timothy Sykes Technical Analysis
Pro Plan
This is by far the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, with an additional 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all the features of the previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create a private profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users pick from a range of video products designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other things trading-related, clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You may be familiar with the chat room since you can see it across social and messaging platforms as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a place where gurus and their members trade and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. One of them may be more laid back and rarely active, while another may be more interactive and online in their interactions with students. 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 caters to the wide range of stock traders, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able to select from the products from its online store that they can take with them wherever they go. You can also get hands-on experience trading on the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are at similar levels to 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 guide them through the ever-illustrious trading process. Timothy Sykes Technical Analysis
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from selecting the best trades in order to improve their ratings this could be a concern that should not be ignored.
- Profit.ly will not allow refunds as its premium users will immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you need to have curiosity. Timothy Sykes Technical Analysis
What we are referring to”yes” is it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s array of resources useful in their efforts to incur lesser losses and be more successful than before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you really care about being a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Technical Analysis
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 section of the dashboard. It allows you to post your trades, either verified or not. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
