Stock trading can be a high-stakes game. On some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to return to where you were at your peak. If you find yourself constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve discovered a platform that can support you to improve your performance within the field. In this review, we’ll be taking an in-depth 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. 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 Legitimate
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed, transparent, accountable, and uplifting with one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders who are starting out as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was based “on showing all trades, something that was never done before.” This idea Sykes said served two objectives: one) creating public track records for not just the gurus, but also the newsletter authors and students, and 2) giving all users to gain insight into the losses and wins to benefit the industry of trading. Is Timothy Sykes Legitimate
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared toward achievement. You can create an account there at no cost, however you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account and you have yourself the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to show that you’re worthy to the large group of traders. You are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the concept of leaking the details of your broker account then you could decide to share your trades, either verified or not, via photographs. In Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts via chatrooms along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market could be viewed as an opportunity for small companies to move to a market that is larger as it allows them to access money from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms, 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 for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array 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 experts in the field of trading who have made substantial profits from their collective years of experience. Is Timothy Sykes Legitimate
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Is Timothy Sykes Legitimate
The Superman Alerts plan is his package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary shown 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 a knowledgeable 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 lessonsthat include 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 looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, and filter your trades and lastly, look at the statistics of other traders.
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 account, making your actions public. If you’re looking to have an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. In this plan, that you can create an account that is private to share with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their expertise in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ statistics this could be a problem for those who are anticipating this level. Is Timothy Sykes Legitimate
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, and 22% off for billing annually, this tier has everything. You get full, no-holds-barred access to all features from the two prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create an individual profile. Both of these options, plus the other benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, where customers can pick from a range of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You’re probably familiar with chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a real-time place where gurus and their members trade and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members there. One of them may be laid back and less engaged, while another could be more active and in touch in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items from its online store for them to take wherever they go. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as adept at dealing with trading issues, the pros already understand how it works along with the risky mix associated with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Is Timothy Sykes Legitimate
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for everyone
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its customers
- As traders may opt to make any type of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to increase the rating 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 services the platform has to offer
The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you need to have an open mind. Is Timothy Sykes Legitimate
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s variety of resources useful in their efforts to reduce losses and be more successful than they did before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Is Timothy Sykes Legitimate
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you post it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market left and right.