Stock trading is an extremely risky game. On some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it can be very difficult to get back to where you were at your best. If you’re always in the mud it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the world, which is why we’ve found an online platform that will help you to improve your performance in the industry. We’ll be taking a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Where Does Timothy Sykes Post About Stocks
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed, transparent, accountable, and to build relationships with one another through its wide range of features and tools like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad array of options for communication and trade and letting traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are authentic 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 his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” The concept was, he said, serving two objectives: one) making public records for everyone, not just the experts as well as newsletter writers and students, and 2) making it possible for everyone on the platform to learn from both losses and wins to benefit the industry of trading. Where Does Timothy Sykes Post About Stocks
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared toward success. You can create an account at no cost, however you’re only given access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to show that you’re worthy to the large group of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you feel uneasy with the concept of leaking your brokerage account, then you could opt to post your trades, verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading courses, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms 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 has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market is an opportunity for small-scale businesses to make the transition to a market that is larger as they can access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned substantial amounts of money from their combined years of experience. Where Does Timothy Sykes Post About Stocks
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per 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 move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices; texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month this is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Where Does Timothy Sykes Post About Stocks
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself, via the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that you’ll also gain an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You can’t create a private account, making your activities publicly available. If you’re looking to have the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of a majority of features from the Novice plan. In this plan, that you are able to create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their expertise in trading. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able view the statistics of other traders this might be a drawback for those who are eager to try this new tier. Where Does Timothy Sykes Post About Stocks
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month and an additional 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few other services they provide. One of those is its online store, where customers can pick from a range of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other related to trading, videos and footage of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of 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 as well as some specialty websites that offer live chat support. However, in Profit.ly it’s seen as a place where gurus and their members trade and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be more laid back and less active, while another may be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to those who are just starting. While novice traders may not be as adept at managing trading but the experts already know the way it functions and the risky mix associated with it. It is ideal to utilize Profit.ly’s variety of features to their full advantage to develop their trading skills. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to guide them through the ever-illustrious trading process. Where Does Timothy Sykes Post About Stocks
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You’ll receive excellent training and advice from the company’s 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 with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep curiosity. Where Does Timothy Sykes Post About Stocks
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources to be helpful when they try their best to avoid losses and perform better than before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you truly desire to be more successful in trading and would like to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Where Does Timothy Sykes Post About Stocks
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the “My Trade category on the dashboard that allows you to post your trades that are verified or not. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot 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 is a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may cause you to show up in the Madoff leaderboard, where people can detect who’s being 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 in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.