Stock trading can be a high-stakes game. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be extremely difficult to return to the point you were at your peak. If you are constantly stuck in the gutter You will need to realize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve discovered a platform that can support you in your growth within the field. We’ll be taking an in-depth look at Profit.ly is a well-known all-in-one 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 What Broker Does Timothy Sykes Use
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informative responsible, transparent, and encouraging each other through its broad array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those new to trading and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” The concept, he added, served two objectives: one) keeping track of public data for everyone, not just the experts as well as newsletter authors and students and secondly) allowing everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. What Broker Does Timothy Sykes Use
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. You may set up an account on the site for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group and its experts. You’re not just allowed to show that you’re worthy to the large group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account you may choose to publish your trades, either verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, as well as email and text alerts 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 well-known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because it allows them to access funds from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Beginning at the end of his time 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, he had been given greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned substantial profits from their collective years of knowledge. What Broker Does Timothy Sykes Use
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and 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 most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month this is a great option for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. What Broker Does Timothy Sykes Use
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable 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 an ever-growing library of previous lessons. On top of that you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan, you will be immediately offered a range of strong 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 include the capability to check trades and track profits; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private account, making your personal information public. If you’re interested in have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of The Novice package. It is in this plan that you are able to create a private profile for sharing with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to view the statistics of other traders this might be a drawback for those who are looking forward to this tier. What Broker Does Timothy Sykes Use
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, and a 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all the options of the previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating your own private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of other services they provide. One of these is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of services and features. 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 the chat room is viewed as a hands-on space where experts and their members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. One of them may be a laid-back person who is rarely engaged, while another could be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout 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 select from the products from its online store to carry with them wherever they may go. They can also gain hands-on experience trading on the platform, however they’ll realize that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as proficient in managing trading but the experts already know how it works along with the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to enhance their trading skills. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. What Broker Does Timothy Sykes Use
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 tons of learning, communication, and trading tools
- You get to be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, you should have curiosity. What Broker Does Timothy Sykes Use
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s range of resources to be helpful when they try their best to reduce loss and perform better than before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being more successful in trading and would like to be taught by your mentors and peers along the way, then look no further – Profit.ly may be a great option to begin.
FAQ What Broker Does Timothy Sykes Use
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the My Trade category on the dashboard which lets you post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can see who’s untruthful in submitting 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 as well as on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.