The stock market can be a high-stakes game. Some days, you might have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it can be extremely difficult to return to where you were your most productive. If you’re constantly stuck in the gutter it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve found a platform that can support you in your improvement within the field. We’ll be taking a 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.
Overall Rating: 4.1/5 Is Timothy Sykes Good
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be informative, transparent, accountable, and to build relationships with one another through its wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people who are starting out and also as a platform for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast variety of tools to facilitate trade and communication that help traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of this platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never previously done.” The idea, he added, served two purposes: 1) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers, and 2) making it possible for anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Is Timothy Sykes Good
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed towards achieving success. You can create an account there for free, but you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group and its experts. You’re not just allowed to demonstrate value to a group of traders. You can also use Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, you may choose to publish your trades, verified or not, by taking screenshots. In Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile and other methods to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru 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 shares that trade for under $5 for each share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because they can access funds from the 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 at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their collective years of experience. Is Timothy Sykes Good
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices, as well as email, text 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, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features of prior plans, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Is Timothy Sykes Good
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 an access to the day-to-day premarket stock watchlist and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for this package, you will be immediately given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice package include 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. You’re also allowed to get on leaderboards, analyze your trades, sort and filter your trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. 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 actions public. If you’re looking to get an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. It is in this plan that you can set up a private profile to share with fellow associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their skills in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to view the statistics of other traders that could be a problem for those who are anticipating this level. Is Timothy Sykes Good
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. With $74.95 per month, with a 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all features from the two previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating your own private profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you everything you need as trader with experience, the Pro tier could be 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 additional services that it can provide. One of these is its online store, which lets users select from a variety of instructional videos that are created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be a laid-back person who is less active, while another may be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. They’ll also be able select from the products on its store online that they can take with them wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the risky mix associated with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to enhance their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Is Timothy Sykes Good
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, it is best to keep curiosity. Is Timothy Sykes Good
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s range of resources helpful as they do their best to incur lesser loss and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Is Timothy Sykes Good
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, 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 working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.
