Stock trading can be an exciting game with high stakes. On certain days, you may have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your peak. If you are immersed in the water it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve identified an online platform that will help you to improve your performance in the industry. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Timothy Sykes Trade Platform
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative, transparent, accountable, and encouraging each other through its broad variety of tools and features including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people who are starting out as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus, but also the newsletter authors and students and secondly) giving anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes Trade Platform
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed at achieving achievement. You can create an account on the site at no cost, however you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into how the community of traders performs as well as its gurus. It’s not just a way to show value to a group of traders. You can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the veracity of their claims.
If you feel uneasy with the idea of sharing your brokerage account, then you could opt to post your trades, verified or not, by taking photographs. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus through the chatroom along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in penny stock trading. According to Investopedia 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 an opportunity for small companies to move to a market that is larger as it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trader. At the age of 25 Sykes was given more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have earned significant amounts of profit through their years of experience. Timothy Sykes Trade Platform
At its height, 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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, as well as email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for investors who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Trade Platform
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that, you’ll also get an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that cater to traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for this plan you’ll be offered a range of strong and essential trading tools, each of which is essential to keep your hands on what we call a competitive process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able view other traders’ stats, which could be a disadvantage for those looking forward to this tier. Timothy Sykes Trade Platform
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month with a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all the options of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which allows users to select from a variety of videos designed to inform and help you understand 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”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You are probably familiar with the concept of the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a area where experts and members can interact and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members. Some may be more laid back and not very often active, while another may be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. They’ll also be able select from the products on its store online for them to take wherever they be. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that the process is a high stakes game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to people who are just beginning. Although the novices might not be as proficient in managing trading however, experienced traders know how it works and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Trade Platform
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you need to have curiosity. Timothy Sykes Trade Platform
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s array of resources helpful in their efforts to reduce losses and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Trade Platform
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion within the “My Trade category on the dashboard which allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.
