The stock market can be an extremely risky game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were at your best. If you are always in the mud You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the world, which is why we’ve identified an option that can help you to improve your performance in the market. This review will take an in-depth look at Profit.ly A well-respected 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 Timothy Sykes Uses To Trade
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be knowledgeable responsible, transparent, and encouraging one another through its wide array of tools and features like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those new to trading and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Providing users with a wide 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 worthy investments within the boundaries that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” This idea was, he said, serving two objectives: one) making public records for not just the gurus and newsletter authors and students and secondly) giving everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. What Timothy Sykes Uses To Trade
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 towards achieving success. You may set up an account on the site for free, but you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at the performance of the trading community as well as its experts. It’s not just a way to demonstrate that you’re worthy to the community of traders, but you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the credibility of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can opt to post your trades, verified or not, by taking photographs. Included in Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus through the chatroom in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading is an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to money from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He then used the opportunity 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 place of openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial amounts of money from their collective years of knowledge. What Timothy Sykes Uses To Trade
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is a great option for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. What Timothy Sykes Uses To Trade
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
The film “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. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed up for this plan you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you’re interested in gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to use the majority of features available in The Novice package. This plan allows that you can set up a private profile to share with other associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their trading skills. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for those who are eager to try this new tier. What Timothy Sykes Uses To Trade
Pro Plan
The Pro plan is the most premium package that Profit.ly offers to experienced traders. With $74.95 each month which includes a 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all features from the two previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, which allows users to select from a variety of video products designed to inform and help you understand the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and scenes from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms 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, in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members. One of them may be more laid back and rarely engaged, while another could be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. With the variety of deals it offers it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able select from the products in its online store to carry with them wherever they may go. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
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 managing trading but the experts already know how it works and the risky mix associated with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. What Timothy Sykes Uses To Trade
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, 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 wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some 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 will not allow refunds because the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of the answer, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, you should have curiosity. What Timothy Sykes Uses To Trade
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck may find Profit.ly’s variety of resources useful in their efforts to incur lesser losses and perform better than before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really desire to be a better trader and want to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ What Timothy Sykes Uses To Trade
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the “My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the chance that it is verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market left and right.
