Stock trading can be an extremely risky game. Some days, you may have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it could be very difficult to get back to where you were your most productive. If you are constantly stuck in the gutter, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your improvement within the field. In this review, we’ll take a look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 What Platform Does Tim Sykes Use
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informed responsible, transparent, and encouraging each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are starting out and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries that the site. Think of it as a social media site akin like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not 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 fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus and newsletter writers and students and secondly) giving anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. What Platform Does Tim Sykes Use
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. You can create an account for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a look at how the community of traders performs as well as its experts. It’s not only a chance to show that you’re worthy to the community of traders, but you are also able to use Profit.ly to buy with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you may choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms as well as text and e-mail alerts and 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 his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market is an avenue for small companies to move to a large marketplace as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trader. At 25 years old, he had been given more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make substantial profits from their collective years of expertise. What Platform Does Tim Sykes Use
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: the founder and penny stock trader 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 has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and 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, upgraded version of the Tim’s Alerts package. At $149.95 per month, this is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. What Platform Does Tim Sykes Use
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that, you’ll also get an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers, each designed for traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The Novice package 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’ll be provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of many of the features of The Novice package. In this plan, that you can create an individual profile that allows you for sharing with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to develop their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to view other traders’ stats, which could be a problem for those who are anticipating this level. What Platform Does Tim Sykes Use
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. With $74.95 per month, which includes a 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all the features from the two prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create your own private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of those is its online store, which allows users to pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. The products listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You’re probably familiar with chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. One of them may be a laid-back person who is not very often active, while another might be more interactive and online in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will be provided with videos every week and chat room advice by its internal 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 go. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that this is a high-stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable to those who are just starting. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. What Platform Does Tim Sykes Use
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for all
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its users
- Since traders can choose to make any type of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, you should have an open mind. What Platform Does Tim Sykes Use
What we do mean”yes” is that it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser loss and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ What Platform Does Tim Sykes Use
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the ‘My Trade’ category of the dashboard. It lets you post your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you post it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market all over the world.