Stock trading is a high-stakes game. On some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to return to where you were at your best. If you are immersed in the water, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your improvement within the field. This review will take an in-depth look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 What Website Does Timothy Sykes Use
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people new to trading as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that was never done before.” The idea was, he said, serving two goals: 1.) keeping track of public data for not just the gurus as well as newsletter authors and students and secondly) making it possible for all users to learn from the losses and wins to the benefit of the trading industry. What Website Does Timothy Sykes Use
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared at achieving achievement. You can create an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready 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, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at the performance of the trading community as well as its gurus. It’s not just a way to show that you’re worthy to the group of traders, but you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the veracity of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, either verified or not, by taking screenshots. Also included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile as well as other ways to communicate 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 trader who is well-known for his efforts in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. Penny stock trading can be seen as a stepping stone for small companies to move to a large marketplace as it gives them access to money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have made substantial amounts of money through their years of experience. What Website Does Timothy Sykes Use
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the most famous 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 this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices; texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is a great option for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational 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 professional in swing trading with 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 Website Does Timothy Sykes Use
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless process by itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you do want to get access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the Novice plan. In this plan, that you can create a private profile for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their expertise in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to view the statistics of other traders that might be a drawback for some who may be eager to try this new tier. What Website Does Timothy Sykes Use
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, and a 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all options of the previous plans combined.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to select from a variety of videos that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and footage of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a area where experts and member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members. Some may be laid back and rarely active, while another might be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able choose from the items in its online store to carry with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable to 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 it carries. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help assist them in the ever-changing trading process. What Website Does Timothy Sykes Use
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for every person
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its customers
- If traders decide to post any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the many features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep an open mind. What Website Does Timothy Sykes Use
What we are referring to”yes” is it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s array of resources useful when they try their best to reduce losses and be more successful than before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
If you really want to become better at trading and wish to be taught by your peers and experts on the way, look no further – Profit.ly could be a good choice to start.
FAQ What Website Does Timothy Sykes Use
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the My Trade’ category of the dashboard which lets you record your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store 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 is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.