The stock market can be an extremely risky game. Some days, you may enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to get back to where you were your peak. If you’re constantly stuck in the gutter, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve identified an option that can help you to improve your performance within the field. We’ll be taking a look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 What Company Does Tim Sykes Use
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed responsible, transparent, and uplifting with each other by offering a wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders new to trading and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” This idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus as well as newsletter writers and students, and 2) allowing everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. What Company Does Tim Sykes Use
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. You may set up an account there for free, but you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll have the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to show that you’re worthy to the group of traders. You are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you can decide to share your trades, verified or otherwise, through pictures. In Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus via chatrooms in addition to text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small businesses to transition into a larger market because they can access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial profits through their years of expertise. What Company Does Tim Sykes Use
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, as well as texts, emails 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 program. Priced at $149.95 monthly, this is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans which includes alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. What Company Does Tim Sykes Use
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you do want to get access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. In this plan, 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 trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their trading skills. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ stats this could be a disadvantage for those eager to try this new tier. What Company Does Tim Sykes Use
This is by far the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, and an additional 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all features from the two previous plans.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create a private profile. Both of these features, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, where customers can pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you can see it across social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a place where gurus and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members. One might be more laid back and not very often engaged, while another could be more active and in touch with their students. Consider chatrooms as 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 novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online that they can take with them wherever they travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be taken as a joke.
For the traders with decades of experience in the road, we consider Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works along with the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. What Company Does Tim Sykes Use
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- If traders decide to make any type of trade, there’s the possibility that some of them will profit by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users will immediately benefit from the number of features the platform is able to offer
The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, you need to have curiosity. What Company Does Tim Sykes Use
What we mean”yes” is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser losses and be more successful than before. Not only poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be a better trader and want to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ What Company Does Tim Sykes Use
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade’ category of the dashboard that allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is shown by the small blue check. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people are able to identify who is 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 in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are connected to 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 assist each other to learn and improve in acquiring stock market opportunities left and right.