The stock market can be an exciting game with high stakes. Some days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be very difficult to return to where you were at your best. If you’re always in the mud, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement within the field. This review will be taking an in-depth look at Profit.ly A well-respected all-in-one 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.
Overall Rating: 4.1/5 What Software Does Tim Sykes Use
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders new to trading and as a hub for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was based “on showing all trades, something that has never been previously done.” The idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students as well as) making it possible for everyone on the platform to learn from both losses and wins to the benefit of the trading industry. What Software Does Tim Sykes Use
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared towards achieving achievement. It is possible to create an account there for free, but you’re only given the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create an account with your experience and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into the performance of the trading community as well as its gurus. It’s not only a chance to show value to a group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account you may opt to post your trades, either verified or not, via pictures. In Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus through 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 well-known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market 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 money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trader. At the age of 25, he had been given greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make significant amounts of profit from their collective years of knowledge. What Software Does Tim Sykes Use
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: Founder as well as 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 offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as 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 version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. What Software Does Tim Sykes Use
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, the daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally you’ll also gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed up for this package you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with 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, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, which makes your actions public. If you’re interested in have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to take advantage of a majority of features from the novice plan. It is in this plan that you can set up a private profile for sharing with fellow associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their skills in trading. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for some who may be looking forward to this tier. What Software Does Tim Sykes Use
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 each month which includes an additional 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create an individual profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly has a few other services they offer. One of them is the online store, which lets users select from a variety of videos designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a space where experts and their members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. Some may be a laid-back person who is less active, while another might be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly videos 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 travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that trading is a high-stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to people who are just beginning. While novice traders may not be as well-equipped with managing trading but the experts already know how it works along with the stack full of risks that it carries. It is ideal to use Profit.ly’s array of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the fun! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to navigate them through the ever-changing trading process. What Software 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 get to be taught by experts and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with the answer, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. What Software Does Tim Sykes Use
What we mean”yes” is that it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources useful when they try their best to reduce loss and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you really want to become a better trader and want to be taught by your fellows and gurus on the way, look no further – Profit.ly may be a great choice to start.
FAQ What Software Does Tim Sykes Use
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the “My Trade’ category of the dashboard that lets you record your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people 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 for download on the Apple App Store as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities left and right.