Stock trading is a high-stakes game. On certain days, you may have the benefit of pleasing and positive numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to where you were your most productive. If you find yourself immersed in the water it is important be aware that relying solely on instinct and survival is not always 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 an important boost from trading partners from all over the globe, which is why we’ve identified an option that can help you to improve your performance within the field. We’ll be taking an in-depth 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 Has Timothy Sykes Released Tax Forms
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as it is 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.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was based “on showing all trades, something that was never prior to.” This idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts and newsletter authors and students and secondly) giving anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Has Timothy Sykes Released Tax Forms
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed towards achieving success. It is possible to create an account for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t 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 offers, which we will go over shortly.
Making an account easy: create an account with your experience and skills, join to your brokerage account, and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not only a chance to prove that you’re worthy to the group of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can choose to publish your trades, whether verified or not, by taking photographs. Also included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile, and more ways to interact with your experts in 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 personality who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market is an opportunity for small companies to move to a large marketplace as they can access capital from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trading professional. At the age of 25 Sykes was given more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing 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 sweet inclusions is the variety of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make substantial amounts of money from their collective years of experience. Has Timothy Sykes Released Tax Forms
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: the 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 take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices, as well as text, e-mail 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. Priced at $149.95 monthly, this is the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Has Timothy Sykes Released Tax Forms
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. As you sign up for this package, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, or filter the trades you make; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows you to use a majority of features from the Novice plan. It is in this plan that you can create an individual profile that allows you to share with other associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to harness their expertise in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to see the statistics of other traders, which could be a problem for some who may be eager to try this new tier. Has Timothy Sykes Released Tax Forms
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, and a 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all the features of the previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro level is the right choice 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, which lets users pick from a range of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and scenes of events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You are probably familiar with chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a real-time place where gurus and their members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. One of them may be more laid back and not very often engaged, while another could be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they may travel. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that it carries. It is ideal to use Profit.ly’s range of features to their best advantage to develop their trading abilities. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Has Timothy Sykes Released Tax Forms
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly benefit from the number of services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, it is best to keep an open mind. Has Timothy Sykes Released Tax Forms
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck might find Profit.ly’s variety of resources helpful as they do their best to avoid losses and be more successful than they did before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you truly want to become a better trader and want to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Has Timothy Sykes Released Tax Forms
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the “My Trade section of the dashboard. It lets you post your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities all over the world.