The stock market can be an extremely risky game. Some days, you may have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your peak. If you find yourself always in the mud, you will have to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve found an option that can help you to improve your performance in the market. We’ll be taking a look at Profit.ly, a well-recognized 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 Is Timothy Sykes 197 A One Time Fee
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those who are starting out and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad range of resources for communication and trade and letting traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of this platform. Consider it a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The concept was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers and secondly) allowing all users to gain insight into the losses and wins for the trading industry’s benefit. Is Timothy Sykes 197 A One Time Fee
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared at achieving achievement. You may set up an account there at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offerings, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to prove your worth to a community of traders, but you can also utilize Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging the details of your broker account you may opt to post your trades, verified or not, by taking screenshots. In Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market can be seen as a stepping stone for small companies to move to a market that is larger as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. When he was 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made significant amounts of profit from their combined years of expertise. Is Timothy Sykes 197 A One Time Fee
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 were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, 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. When we take that into account we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices, texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans such as alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Is Timothy Sykes 197 A One Time Fee
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market updates in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign up for this plan you’ll be offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to use many of the features of the Novice plan. In this plan, that you can create an account that is private 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 does what the name suggests: Cater for those looking to harness their trading skills. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able to see other traders’ statistics this could be a disadvantage for those who are anticipating this level. Is Timothy Sykes 197 A One Time Fee
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and an additional 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to view other people’s stats and data, but you also have the chance 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 looking for an option that gives you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of other services they provide. One of them is the online store, where customers can choose from a wide array of videos created to provide guidance on the ins and outs of trading. The products listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other related to trading, videos and clips taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You may be familiar with the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One might be laid back and rarely active, while another might be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and their members. Additionally, they can 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 experience trading on the platform, however they’ll be able to realize that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as adept at handling trading matters however, experienced traders know the way it functions and the risky mix associated with it. It is ideal to utilize Profit.ly’s array of features to their best advantage to improve their trading skills. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Is Timothy Sykes 197 A One Time Fee
Profit.ly’s Pros and Cons
- Profit.ly’s numerous 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 inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you need to have an open mind. Is Timothy Sykes 197 A One Time Fee
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s variety of resources useful in their efforts to incur lesser loss and perform better 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 really care about being a better trader and want to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Is Timothy Sykes 197 A One Time Fee
How do you use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade category on the dashboard which allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you submit the information manually or via images, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.