The stock market can be an extremely risky game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to where you were your most productive. If you’re always in the mud You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your improvement in the industry. This review will be taking an in-depth look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Timothy Sykes Top 3 Buy Patterns
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of the platform. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter authors and students, and 2) making it possible for anyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Top 3 Buy Patterns
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. You can create an account for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to demonstrate value to a large group of traders, as you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you can decide to share your trades, verified or not, by taking pictures. Also included in Profit.ly are the vast number of trading courses 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 in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru 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 under $5 for each share. The penny stock market is an opportunity for small businesses to transition to a market that is larger as it gives them access to capital from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trading professional. 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.” Then, he used the opportunity to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a place for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made significant amounts of profit from their collective years of expertise. Timothy Sykes Top 3 Buy Patterns
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the trading industry. Some of the most famous 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: Founder and penny stock trader 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, such as alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “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 trading earnings. Timothy Sykes Top 3 Buy Patterns
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong 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 with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort as well as filter trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. 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 activities publicly available. If you’re interested in gain access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the Novice plan. In this plan, that you can set up a private profile to share with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ statistics, which could be a disadvantage for those who are eager to try this new tier. Timothy Sykes Top 3 Buy Patterns
This is by far the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, which includes 22% off for billing annually the Pro plan has everything. You will have full, unrestricted access to all the features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the option of creating an individual profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, which lets users select from a variety of video products designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and clips from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly, it is seen as a real-time area where experts and members trade and learn 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 of them may be a laid-back person who is rarely 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 are geared towards a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able choose from the items in its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that this is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as adept at managing trading but the experts already know the way it functions and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Top 3 Buy Patterns
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature 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 customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to make any type 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 overlooked.
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, it is best to keep an open mind. Timothy Sykes Top 3 Buy Patterns
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck may discover Profit.ly’s variety of resources helpful when they try their best to reduce loss and perform better than before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Top 3 Buy Patterns
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the ‘My Trade category on the dashboard that allows you to post your trades, either verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.