The stock market can be a high-stakes game. Some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be extremely difficult to return to where you were at your best. If you find yourself immersed in the water, you will have to realize that relying on instinct and survival might not be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve found an online platform that will help you to improve your performance within the field. We’ll be taking a look at Profit.ly A well-respected 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 True
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative responsible, transparent, and encouraging one another through its wide array of tools and features like trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide array of options for communication and trade and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” This idea, he added, served two objectives: one) making public records for not just the gurus and newsletter authors and students and secondly) allowing all users to learn from both the wins and losses to benefit the industry of trading. Is Timothy Sykes True
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed towards achieving success. You can create an account there for free, but 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 sign up to one of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is easy: 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 up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users an insight into their performance as a trading group and its gurus. You’re not just allowed to prove your worth to a group of traders, but you are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account you can decide to share your trades, whether verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile and other methods to communicate with your gurus via chatrooms 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 personality who is famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market is an avenue for small companies to move into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as 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 with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial profits through their years of knowledge. Is Timothy Sykes True
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the most famous experts were 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: the 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 look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with 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 anticipate the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, as well as text, e-mail and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month it is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Is Timothy Sykes True
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which 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 and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you going. 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’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, each 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 do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private account, making your actions public. If you do want to get an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets users to benefit from the majority of features available in the Novice plan. This plan allows that you are able to create a private profile to share with other associates all your insights and knowledge you gain from trader’s community.
Priced at $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 aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ stats this could be a problem for some who may be anticipating this level. Is Timothy Sykes True
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, with an additional 22% discount for annual billing 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 see other users’ stats as well, you’re also offered the opportunity to create a private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few additional services that it can offer. One of those is its online store, where customers can choose from a wide array of videos created to help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a area where experts and members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. One might be laid back and rarely active, while another may be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room tips by its internal gurus and their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they may go. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that trading is a risky game that shouldn’t be taken as a joke.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as proficient in managing trading however, experienced traders know how it works and the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. Is Timothy Sykes True
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core 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 wide array of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous packages and services offered could be too much for a lot of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the number of features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, 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 to achieve this goal. Instead, you should have curiosity. Is Timothy Sykes True
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck might find Profit.ly’s variety of resources useful when they try their best to reduce loss and perform better than before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become 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 may be a great choice to start.
FAQ Is Timothy Sykes True
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under 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 with your broker of choice and import the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market left and right.