Stock trading is a high-stakes game. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your best. If you are always in the mud, you will have to realize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your growth within the field. We’ll be taking the time to 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. 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 Timothy Sykes Use
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be informed responsible, transparent, and to build relationships with each other by offering a wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are starting out as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” The concept Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts as well as newsletter writers and students, and 2) giving everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. What Platform Does Timothy Sykes Use
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared at achieving success. You can create an account at no cost, however you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group as well as its gurus. You’re not just allowed to prove your worth to a group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging your brokerage account, you may opt to post your trades, verified or otherwise, through screenshots. In Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. Penny stock trading could be viewed as a stepping stone for small companies to move to a large marketplace as they can access money from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as a trader. At the age of 25, he had been given greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their collective years of expertise. What Platform Does Timothy Sykes Use
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world 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 the platform: Founder and 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 packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices; text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, it is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. What Platform Does Timothy Sykes Use
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy 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 package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. In addition you’ll also have access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that cater to traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you’re interested in get access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of The Novice package. In this plan, that you can set up a private profile to share with fellow associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able to view the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. What Platform Does Timothy Sykes Use
Pro Plan
This is by far the highest luxurious package Profit.ly offers to experienced traders. With $74.95 per month, and 22% off when billed annually the Pro plan has it all. You get full, no-holds-barred access to all the features from the two previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating your own private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, which lets users select from a variety of videos designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes of 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 variety of services and features. You may be familiar with the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a hands-on space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. Some may be more laid back and less engaged, while another could be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. They’ll also be able select from the products on its store online to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that the process is a high-stakes game that shouldn’t be taken as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as adept at managing trading but the experts already know how it works along with the risky mix that come with it. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! Trade professionals who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. What Platform Does Timothy Sykes Use
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning, communication, and trading tools
- You get to be taught by experts and insights from its 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 by using accurate data as well as 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
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- Since traders can choose to make any type of trade, there’s a possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you need to have an open mind. What Platform Does Timothy Sykes Use
What we are referring to”yes” is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s range of resources to be helpful when they try their best to avoid losses and be more successful than before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ What Platform Does Timothy Sykes Use
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the “My Trade category on the dashboard which allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through images, it will be classified as unverified.
The disadvantage of 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 on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
