The stock market can be an exciting game with high stakes. Some days, you might have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it can be very difficult to get back to where you were at your most productive. If you’re always in the mud, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your growth in the industry. We’ll be taking a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 What Site Does Timothy Sykes Use To Trade Stocks
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide range of features and tools like trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those new to trading as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade that help traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries that the site. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” This idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts as well as students and newsletter writers as well as) giving all users to be enlightened by the losses and wins to benefit the industry of trading. What Site Does Timothy Sykes Use To Trade Stocks
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared toward the success of their business. It is possible to create an account there at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate value to a large group of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you feel uneasy with the concept of leaking the details of your broker account then you could choose to publish your trades, whether verified or not, by taking pictures. Also included in Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus in 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 is famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is a stepping stone for small businesses to transition into a larger market because they can access capital from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as a trader. At the age of 25 Sykes was given greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make significant amounts of profit from their collective years of knowledge. What Site Does Timothy Sykes Use To Trade Stocks
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a 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 possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices; text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, which includes alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. What Site Does Timothy Sykes Use To Trade Stocks
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed up for this package you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can do with Profit.ly’s Novice package include the capability to check trades and track profits 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 lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets you to use the majority of features available in The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics that might be a drawback for those looking forward to this tier. What Site Does Timothy Sykes Use To Trade Stocks
This is by far the highest luxurious package Profit.ly offers to experienced traders. With $74.95 per month, which includes a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the options of the prior plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, which lets users select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and footage from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. Some may be laid back and not very often active, while another might be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items from its online store for them to take wherever they may be. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to enhance their trading abilities. Like novices, 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-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. What Site Does Timothy Sykes Use To Trade Stocks
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- If traders decide to make any type of trade, there is 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 accept refunds as the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you need to have an open mind. What Site Does Timothy Sykes Use To Trade Stocks
What we mean”yes” is it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources to be helpful when they try their best to reduce loss and perform better than they did 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 care about being a better trader and want to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ What Site Does Timothy Sykes Use To Trade Stocks
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades in the ‘My Trade category on the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is shown by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.