Stock trading is an exciting game with high stakes. On some days, you might enjoy the benefits of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were at your best. If you are immersed in the water, you will have to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested 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 discovered an option that can help you in your growth within the field. In this review, we’ll take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 What Is Timothy Sykes Strategy
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those new to trading and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast variety of tools to facilitate trade and communication that help traders from all walks of life connect with each other. It also allows gurus to make 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 verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never prior to.” This idea, he added, served two goals: 1.) making public records for everyone, not just the experts as well as newsletter writers and students as well as) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. What Is Timothy Sykes Strategy
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared at achieving achievement. It is possible to create an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account and you have yourself a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into their performance as a trading group as well as its experts. It’s not just a way to show your worth to a group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can decide to share your trades, verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus 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 trading guru who is famously known for his efforts 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. The penny stock market can be seen as a stepping stone for small businesses to transition into a larger market because they can access capital from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trader. At 25 years old Sykes was given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place 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 vast array of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make significant amounts of profit through their years of expertise. What Is Timothy Sykes Strategy
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the field of trading. 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 this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices; email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, it is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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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 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 trading profits. What Is Timothy Sykes Strategy
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally, you’ll also get access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. Once you have signed up for this package you’ll be given a slew of robust and essential trading tools, each of them integral in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even chatting with other traders; and providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the novice plan. In this plan, that you are able to create a private profile to share with other associates all your insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their trading skills. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able view the statistics of other traders this could be a problem for some who may be eager to try this new tier. What Is Timothy Sykes Strategy
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. It costs $74.95 each month and a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all options of the previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create a private profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and clips of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time space where experts and their members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. One of them may be more laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room advice from the in-house experts and members. Additionally, they can choose from the items in its online store that they can take with them wherever they may go. They can also gain hands-on experience trading on the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to improve their trading skills. Like novices, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. What Is Timothy Sykes Strategy
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its users
- As traders may opt to make any type of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep an open mind. What Is Timothy Sykes Strategy
What we do mean”yes” is it is a fantastic learning tool. People who are stuck could discover Profit.ly’s range of resources useful as they do their best to incur lesser loss and perform better than before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being more successful in trading and would like to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ What Is Timothy Sykes Strategy
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades in the My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you post it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently on 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 help each other learn and improve in acquiring opportunities on the stock market all over the world.