Stock trading is an extremely risky game. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your peak. If you find yourself always in the mud You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve found a platform that can support you to improve your performance in the industry. We’ll take an in-depth look at Profit.ly is a well-known 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 Trading Website Does Tim Sykes Use
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed and accountable, as well as transparent and uplifting with each other through its broad range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders new to trading and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines that the site. Consider it a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as possible. It was established in the past 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 said that Profit.ly was based “on showing all trades, something that has never been previously done.” The idea, he added, served two purposes: 1) creating public track records for everyone, not just the experts, but also the newsletter writers and students as well as) making it possible for anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. What Trading Website Does Tim Sykes Use
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared at achieving success. You may set up an account for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary 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 with your experience and expertise, connect your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into the performance of the trading community as well as its experts. It’s not only a chance to prove value to a large group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking the details of your broker account then you could opt to post your trades, whether verified or not, by taking photographs. In Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom along with 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 personality who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. The penny stock market can be seen as an avenue for small companies to move into a larger market because it allows them to access funds from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their collective years of experience. What Trading Website Does Tim Sykes Use
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the 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 basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on 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 most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for 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 Trading Website Does Tim Sykes Use
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile application, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition, you’ll also get access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you’re looking to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows users to benefit from a majority of features from the Novice plan. This plan allows that you are able to create a private profile for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able view other traders’ stats this could be a problem for those anticipating this level. What Trading Website Does Tim Sykes Use
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, with 22% off for billing annually the Pro plan has it all. You will have full, unrestricted access to all the features of the previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few other services they provide. One of them is the online store, where customers can choose from a wide array of instructional videos that are designed to inform and guide you through the ins and outs of trading. The products listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “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 aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One of them may be laid back and less active, while another may be more interactive and online in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for 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. Given the wide range of options it has to offer, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able choose from the items in its online store to carry with them wherever they travel. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to the newcomers. While the newbies may not be as well-equipped with handling trading matters but the experts already know the way it functions and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. What Trading Website Does Tim Sykes Use
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning tools, 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 trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, it is best to keep an open mind. What Trading Website Does Tim Sykes Use
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and perform better than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ What Trading Website Does Tim Sykes Use
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard that lets you record your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on 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 are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.