Stock trading can be an exciting game with high stakes. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be extremely difficult to get back to where you were your best. If you are constantly stuck in the gutter it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve found a platform that can support you in your improvement in the industry. In this review, 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 What Broker Did Timothy Sykes Use
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade and letting traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as 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 declared that Profit.ly was driven by its focus “on showing every trade, something that has never been prior to.” The idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts as well as students and newsletter writers as well as) allowing anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. What Broker Did Timothy Sykes Use
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. You can create an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to prove value to a group of traders, as you can also use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, then you could choose to publish your trades, verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account and other methods to interact with your experts through the chatroom as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small businesses to transition into a larger market because they can access funds from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, and educational content geared toward people who are brand 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 variety of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial amounts of money from their collective years of expertise. What Broker Did Timothy Sykes Use
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on this platform: the 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 we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices; email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month this is a great option for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, including swing trading alerts and unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. What Broker Did Timothy Sykes Use
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, the daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that you’ll also gain access to premium research reports as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking 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 levels that are designed to accommodate traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, all one of them essential in keeping your fingers on what call a competitive procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $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, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics, which might be a drawback for some who may be looking forward to this tier. What Broker Did Timothy Sykes Use
Pro Plan
This is by far the most premium package that Profit.ly offers to experienced traders. At $74.95 each month with 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro level is the right choice 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 provide. One of these is its online store, which lets users pick from a range of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos 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 may be familiar with the concept of the chat room since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be a laid-back person who is less active, while another might be more interactive and online with their students. Think of the chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus and members. Additionally, they can choose from the items on its store online for them to take wherever they travel. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works along with the risky mix that come with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to assist them in the ever-changing trading process. What Broker Did Timothy Sykes Use
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s numerous products and packages offered might be too much for the majority of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you need to have curiosity. What Broker Did Timothy Sykes Use
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources helpful as they do their best to reduce losses and perform better than before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ What Broker Did Timothy Sykes Use
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade category on the dashboard which allows you to post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the blue check mark. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people are able to identify who is 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 Apple App Store as well as on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring stock market opportunities left and right.
