Stock trading is an extremely risky game. On some days, you could enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be very difficult to return to where you were your most productive. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses You’ll need 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 found an online platform that will help you in your improvement in the industry. This review will be taking an in-depth 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. 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 Use To Trade Stock
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative responsible, transparent, and to build relationships with one another through its wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which was never previously done.” The idea, he added, served two objectives: one) keeping track of public data for not just the gurus, but also the newsletter authors and students and secondly) making it possible for anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. What Does Timothy Sykes Use To Trade Stock
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared at achieving achievement. You may set up an account on the site for free, but you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to prove your worth to a large group of traders, as you can also utilize 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 are unsure about the idea of sharing your brokerage account, you may decide to share your trades, either verified or otherwise, through screenshots. In Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account and other methods to connect with your gurus via chatrooms as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as they can access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger reach of influence when he became part of the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money from their combined years of knowledge. What Does Timothy Sykes Use To Trade Stock
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices, text, e-mail, 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, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans which includes swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. What Does Timothy Sykes Use To Trade Stock
The Superman Alerts package is his offering of essential features and alerts on trading geared to those 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, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are 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 have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. As you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your hands on what we call a competitive procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even texting other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You can’t 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 next strategy.
The Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. In this plan, that you can create an account that is private to share with fellow associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their skills in trading. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able to view the statistics of other traders that might be a drawback for those who are anticipating this level. What Does Timothy Sykes Use To Trade Stock
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, with an additional 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these features, on top of all the benefits that you can use 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 ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which lets users select from a variety of video products that are designed to educate and help you understand the ins and outs of trading. All of the products featured in this section of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other related to trading, videos and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms in addition to a few special websites that provide live chat support. But on Profit.ly, it is seen as a hands-on space where experts and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One might be laid back and rarely active, while another might be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high-stakes game that should not be viewed as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suited to those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the risky mix that come with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to improve their trading skills. Like beginners, they can learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. What Does Timothy Sykes Use To Trade Stock
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You will be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature 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 additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- As traders may opt to post any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you should have curiosity. What Does Timothy Sykes Use To Trade Stock
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources helpful when they try their best to avoid loss and perform better than before. It’s not only the poor traders that can benefit from the 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 mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ What Does Timothy Sykes Use To Trade Stock
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade section of the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable 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 upload the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.