Stock trading can be a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it can be very difficult to get back to where you were your most productive. If you’re constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the world, which is why we’ve discovered an option that can help you in your growth in the industry. This review will take an in-depth look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 What Platform Does Tim Sykes Trade On
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative responsible, transparent, and uplifting with one another through its wide range of features and tools like trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people who are starting out and also as a platform for experienced traders to track their performance with the help of sophisticated 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 also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was based “on showing all trades, something that has never been prior to.” The concept Sykes said served two purposes: 1) making public records for everyone, not just the experts as well as newsletter writers and students, and 2) making it possible for all users to be enlightened by the losses and wins for the trading industry’s benefit. What Platform Does Tim Sykes Trade On
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared toward the success of their business. You can create an account for free, but you’re only limited to having the capability to browse the leaderboard and follow the actions 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 will need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
The process of opening an account is 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 to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at the performance of the trading community and its gurus. You’re not just allowed to demonstrate value to a community of traders, as you can also use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the veracity of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you can choose to publish your trades, verified or not, via screenshots. In Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus via chatrooms in addition to notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you through his many years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trading professional. At the age of 25, he had been given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money through their years of expertise. What Platform Does Tim 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 trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: Founder as well as penny-stock trader 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 the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices; texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in prior plans, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. What Platform Does Tim Sykes Trade On
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers that cater to traders at different levels. Let’s break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. As you sign up for this plan you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your hands on what we call a competitive process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their trading skills. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats that could be a problem for those who are looking forward to this tier. What Platform Does Tim Sykes Trade On
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, with an additional 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all the features from the two previous plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create an individual profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of additional services that it can provide. One of these is its online store, which allows users to choose from a wide array of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and footage from The Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are included in Profit.ly’s variety of features and services. You are probably familiar with chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. Some may be a laid-back person who is less active, while another may be more active and in touch in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from novices to the most experienced. With the variety of deals it offers, the platform surely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able select from the products in its online store to carry with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that this is a high-stakes game that should not be viewed as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to the newcomers. While the newbies may not be as proficient in managing trading but the experts already know how it works and the risky mix that come with it. It is ideal to utilize Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. What Platform Does Tim Sykes Trade On
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge communications, trading, and communication 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 assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s abundance of packages and products offered may not be enough for most of its customers
- As traders may opt to open any kind of trade, there is an opportunity that some 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 accept refunds because its premium users will immediately benefit from the many services the platform has to offer
The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be 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 to achieve this goal. Instead, you should have curiosity. What Platform Does Tim Sykes Trade On
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s variety of resources useful as they do their best to reduce loss and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your peers and experts along the way, then look no further – Profit.ly could be a good choice to start.
FAQ What Platform Does Tim Sykes Trade On
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the “My Trade section of the dashboard. It allows you to post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.