The stock market can be an exciting game with high stakes. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it can be extremely difficult to get back to where you were your most productive. If you’re constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your improvement within the field. We’ll be taking a look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 How Does Timothy Sykes Live
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” This idea Sykes said served two purposes: 1) keeping track of public data for not just the gurus as well as newsletter authors and students as well as) giving anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. How Does Timothy Sykes Live
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of features and services aimed towards achieving the success of their business. You may set up an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the actions 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 join one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not just a way to show that you’re worthy to the group of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the credibility of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you may decide to share your trades, whether verified or not, by taking pictures. In Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market is an opportunity for small companies to move to a large marketplace as they can access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make significant amounts of profit through their years of knowledge. How Does Timothy Sykes Live
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to 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 premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, it is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features that were included in prior plans, such as alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. How Does Timothy Sykes Live
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may 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, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base provided by Superman himself through the 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 previous lessons. In addition, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform has 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 those who are new to the trading community. As you sign up for this package, you will be immediately offered a range of strong and vital trading tools, all of which is essential to keep your hands 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 package is the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in gain an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the novice plan. In this plan, that you can set up a private profile to share with fellow associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you will not be able to see the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. How Does Timothy Sykes Live
This is by far the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month with 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the features of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create your own private profile. These two features are 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 you everything you need as trader with experience, 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 offers a number of more services it has to provide. One of these is its online store, which allows users to select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a place where gurus and their members trade and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members there. One of them may be more laid back and rarely active, while another may be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room advice from the in-house experts and their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as proficient in handling trading matters however, experienced traders know the way it functions and the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to develop their trading abilities. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. How Does Timothy Sykes Live
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to receive excellent training and insights from its in-house gurus, including 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 who are ready 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
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its customers
- As traders may opt to make any type of trade, there is the possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to offer
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The Final Verdict 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 a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep an open mind. How Does Timothy Sykes Live
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources useful as they do their best to avoid losses and be more successful than they did before. Not only poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really care about being better at trading and wish to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ How Does Timothy Sykes Live
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the ‘My Trade section of the dashboard which allows you to post your trades, verifiable or not. You may choose between three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just 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 both right and left.