Stock trading can be an exciting game with high stakes. On some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to where you were your most productive. If you find yourself constantly stuck in the gutter, 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’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your improvement in the industry. We’ll be taking the time to look at Profit.ly, a well-recognized one-stop 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 Which Broker Does Timothy Sykes Use
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 permits traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad array of tools and features including trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are starting out and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Think of it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea was, he said, serving two goals: 1.) keeping track of public data for not just the gurus and newsletter authors and students as well as) making it possible for anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Which Broker Does Timothy Sykes Use
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed at achieving achievement. It is possible to create an account on the site for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its experts. You’re not just allowed to show that you’re worthy to the large group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, you can choose to publish your trades, either verified or not, via pictures. 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 connect with your gurus via chatrooms along with email and text alerts as well as 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 the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a large marketplace as they can access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money through their years of knowledge. Which Broker Does Timothy Sykes Use
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as 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 highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Which Broker Does Timothy Sykes Use
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that you’ll also have an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that cater to traders with 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 world of trading. When you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. It is in this plan that you can create an account that is private to share with other associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, this one won’t be able view other traders’ stats that might be a drawback for some who may be looking forward to this tier. Which Broker Does Timothy Sykes Use
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 each month which includes a 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all the features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create a private profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of more services it has to provide. One of them is the online store, where customers can select from a variety of videos created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a hands-on space where experts and their members can interact and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the members. One might be a laid-back person who is rarely active, while another might be more active and in touch to their pupils. Think of 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 cater to a large variety of stock traders, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they travel. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a risky game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with managing trading however, experienced traders know the way it functions and the risky mix that it carries. It is ideal to utilize Profit.ly’s range of features to their best advantage to enhance their trading abilities. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Which Broker Does Timothy Sykes Use
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and tips from the internal experts, which include collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other 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 dependable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for a lot of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the number of services the platform has to offer
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, it is best to keep curiosity. Which Broker Does Timothy Sykes Use
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s range of resources to be helpful as they do their best to incur lesser loss and perform better than before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely want to become better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Which Broker Does Timothy Sykes Use
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the ‘My Trade section of the dashboard. It allows you to post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
