The stock market can be an extremely risky game. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were at your most productive. If you are constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the industry. This review will be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Is Timothy Sykes Legit
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for people who are starting out as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The idea was, he said, serving two goals: 1.) making public records for everyone, not just the experts as well as newsletter authors and students and secondly) allowing everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Is Timothy Sykes Legit
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared toward the success of their business. It is possible to create an account 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 ready to invest your money to see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into their performance as a trading group and its gurus. You’re not just allowed to demonstrate your worth to a community of traders. You can also use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of divulging your brokerage account, then you could opt to post your trades, either verified or not, by taking pictures. Also included in Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom in addition to 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 famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading can be seen as an opportunity for small businesses to transition into a larger market because it gives them access to money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trader. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place for 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 wide range of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial profits from their combined years of knowledge. Is Timothy Sykes Legit
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the most prominent experts included 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 this platform: Founder as well as 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 what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices; email, text 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 for a month this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released each week.
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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 both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Is Timothy Sykes Legit
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that cater to traders of different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with other traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, 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 looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re interested in have an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows you to use the majority of features available in the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all the insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to improve their skills in trading. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able view other traders’ statistics, which could be a problem for some who may be eager to try this new tier. Is Timothy Sykes Legit
This is by far the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, with a 22% discount for annual billing, this tier has everything. You get full, no-holds-barred access to all the options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of more services it has to offer. One of them is the online store, where customers can select from a variety of video products created to provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other related to trading, videos and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly it’s seen as a place where gurus and their members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. Some may be a laid-back person who is not very often engaged, while another could be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items 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, but eventually they’ll realize that the process is a risky game that shouldn’t be treated as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as well-equipped with managing trading however, experienced traders know the way it functions and the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to develop their trading skills. Like beginners, 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 doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Is Timothy Sykes Legit
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will receive excellent training and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its users
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep curiosity. Is Timothy Sykes Legit
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s range of resources helpful as they do their best to avoid losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Is Timothy Sykes Legit
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the My Trade’ category of the dashboard which allows you to post your trades, verifiable or not. There are three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses over 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 stock market opportunities both right and left.