The stock market can be an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it can be very difficult to get back to where you were your peak. If you are immersed in the water You will need to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need 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 improvement in the industry. In this review, we’ll take a look at Profit.ly A well-respected 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 Does Timothy Sykes Trade On
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be informed, transparent, accountable, and uplifting with one another through its wide array of tools and features like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad variety of tools to facilitate trade and communication that help traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” This idea Sykes said served two objectives: one) making public records for not just the gurus, but also the newsletter writers and students and secondly) giving anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. What Does Timothy Sykes Trade On
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared at achieving achievement. You may set up an account for free, but you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group and its gurus. It’s not only a chance to demonstrate your worth to a group of traders. You can also utilize Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the credibility of their assertions.
If you are unsure about the concept of leaking the details of your broker account you can opt to post your trades, verified or not, by taking photographs. Included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile and other methods to connect with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as an opportunity for small companies to move to a market that is larger as they can access money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their collective years of experience. What Does Timothy Sykes Trade On
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: the 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 take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on 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 premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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From “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. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. What Does Timothy Sykes Trade On
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, which makes your actions public. If you’re looking to get access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use many of the features of the novice plan. In this plan, that you can create an account that is private to share with fellow associate users all your knowledge and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their trading skills. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders that might be a drawback for those who are eager to try this new tier. What Does Timothy Sykes Trade On
Pro Plan
This is by far the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 each month and a 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the features of the prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create an individual profile. Both of these options, plus the other advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of other services they offer. One of these is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat support. However, 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 style in operating their chat room and dealing with the listed members. Some may be laid back and rarely active, while another may be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products from its online store that they can take with them wherever they be. You can also get hands-on experience trading on the platform, but eventually they’ll realize that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as adept at managing trading, the pros already understand how it works along with the risky mix that it carries. It is ideal to use Profit.ly’s array of features to their best advantage to develop their skills in trading. Like novices, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part 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 showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. What Does Timothy Sykes Trade On
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and insights from its in-house gurus, including 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 fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its customers
- As traders may opt to make any type of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users will immediately benefit from the number of features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always intended to be created for this reason. Instead, you should have the ability to think with an open heart. What Does Timothy Sykes Trade On
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources to be helpful when they try their best to reduce losses and be more successful than before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ What Does Timothy Sykes Trade On
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the My Trade section of the dashboard. It lets you post your trades that are verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is the chance that it is verifiable. This is evident by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, 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 is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.
