Stock trading is a high-stakes game. On certain days, you might have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be extremely difficult to return to where you were your best. If you’re always in the mud, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve identified an option that can help you in your growth in the industry. This review will 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.
Total Rating: 4.1/5 Timothy Sykes Technical Indicators
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informative and accountable, as well as transparent and encouraging one another through its wide variety of tools and features like 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 serves both as a training and learning platform for those new to trading and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad range of resources for trade and communication that help traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The concept Sykes said served two objectives: one) creating public track records for everyone, not just the experts as well as newsletter authors and students, and 2) giving all users to learn from the losses and wins to benefit the industry of trading. Timothy Sykes Technical Indicators
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared at achieving the success of their business. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs and its gurus. It’s not just a way to prove your worth to a group of traders. You can also use Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account then you could opt to post your trades, verified or otherwise, through pictures. Included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms in addition to notifications via email or text 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 delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an avenue for small companies to move to a large marketplace as it gives them access to money from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider influence over time when he became part of the reality series “Wall Street Warriors.” He then took advantage of it 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 place of openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial amounts of money through their years of expertise. Timothy Sykes Technical Indicators
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the most prominent experts 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. When we take that into account we’ll take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
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 for iOS as well as Android devices, as well as text, e-mail 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 program. It costs $149.95 for a month it is an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Technical Indicators
The Superman Alerts plan 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 access daily premarket stock watchlist as well as the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also gain an access to high-quality research papers and the IPO as well as earnings tracking tool.
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 started. The platform has three membership tiers, each designed for traders at different levels. Let’s take a look at what these three are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign to this plan you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private account, making your activities publicly available. If you do want to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package allows users to benefit from a majority of features from The Novice package. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their trading skills. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats that might be a drawback for those who are eager to try this new tier. Timothy Sykes Technical Indicators
This is by far the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes 22% off when billed annually, this tier has everything. You will have full, unrestricted access to all features of the previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few additional services that it can offer. One of those is its online store, which lets users choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You are probably familiar with the chat room since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. One might be laid back and rarely active, while another may be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can choose from the items in its online store for them to take wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that trading is a risky game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to improve their trading skills. Like beginners, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Timothy Sykes Technical Indicators
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to improve their ratings this could be a problem 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
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, you need to have curiosity. Timothy Sykes Technical Indicators
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources helpful when they try their best to incur lesser loss and perform better than before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Technical Indicators
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the My Trade’ category of the dashboard. It lets you record your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is the chance that it is verifiable. This is evident by the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating 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 looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.