Stock trading can be an extremely risky game. Some days, you may be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it can be extremely difficult to return to the point you were at your best. If you’re constantly stuck in the gutter You will need to realize that relying on instinct and survival may not always be enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your growth in the industry. We’ll take a look at Profit.ly is a well-known 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 Theory Pdf
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide array of tools and features including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people who are starting out and also as a platform for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as it is 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.
In an interview for Forbes magazine, Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” The idea was, he said, serving two objectives: one) creating public track records for not just the gurus as well as newsletter authors and students, and 2) making it possible for all users to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Theory Pdf
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared toward the success of their business. You can create an account there for free, but you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs and its gurus. It’s not just a way to prove value to a group of traders. You can also use Profit.ly to purchase 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 your brokerage account, you may opt to post your trades, verified or not, by taking photographs. Included in Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile as well as other ways to interact with your experts via chatrooms along with 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 trader who has been famously 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 just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small companies to move to a large marketplace as it gives them access to funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as a trader. At the age of 25, he had been given greater exposure and an even wider reach of influence as a participant in the reality series “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 those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made significant amounts of profit from their combined years of expertise. Timothy Sykes Theory Pdf
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the platform: the 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 the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and 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. Priced at $149.95 per month, this is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Theory Pdf
The Superman Alerts plan is his package of vital 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 app, the daily market updates in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that, you’ll also get access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers, each designed for traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to get access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows users to benefit from the majority of features available in the novice plan. This plan allows that you can create a private profile to share with fellow associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their expertise in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to see other traders’ statistics that could be a problem for some who may be looking forward to this tier. Timothy Sykes Theory Pdf
This is by far the most expensive plan Profit.ly can offer to experienced traders. With $74.95 each month which includes an additional 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all the features from the two previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of other services they provide. One of them is the online store, which allows users to choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a hands-on area where experts and members can interact and learn in real time. Every guru has their own style in operating their chat room 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 chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room tips from its in-house gurus and their members. Additionally, they can choose from the items on its store online that they can take with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that this is a risky game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to develop their trading skills. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
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 fun! Those in the trading 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 display their skills to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Theory Pdf
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and tips from the inside experts, as well as libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics 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 reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the number of services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, you should have curiosity. Timothy Sykes Theory Pdf
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s range of resources to be helpful when they try their best to reduce losses and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be a better trader and want to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Theory Pdf
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the “My Trade category on the dashboard. It lets you post your trades, verifiable or not. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking pictures, it will be classified 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 people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of functioning 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 trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market left and right.