Stock trading can be an extremely risky game. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were at your peak. If you find yourself always in the mud You will need to realize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your improvement in the industry. This review will be taking an in-depth 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.
Total Rating: 4.1/5 Timothy Sykes Legit Or Not
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never prior to.” The idea Sykes said served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter authors and students as well as) allowing anyone on the platform to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Legit Or Not
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. It is possible to create an account there at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as 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 prove value to a large group of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the credibility of their assertions.
If you are unsure about the idea of divulging the details of your broker account then you could decide to share your trades, either verified or not, via photographs. Included in Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile as well as other ways to interact with your experts through the chatroom as well as 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 well-known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks is a stepping stone for small businesses to transition into a larger market because it allows them to access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit from their combined years of knowledge. Timothy Sykes Legit Or Not
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. When we take that into account we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, it is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, including alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Legit Or Not
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, the daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and make a mark on the industry, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort as well as filter trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows users to benefit from a majority of features from the novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their expertise in trading. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ stats that could be a problem for those who are anticipating this level. Timothy Sykes Legit Or Not
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. At $74.95 per month, and an additional 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all options of the prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create a private profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, where customers can pick from a range of videos created to help you understand the ins and outs of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short 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 chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One of them may be more laid back and less active, while another might be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. They’ll also be able to select from the products on its store online to carry with them wherever they may travel. You can also get hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with managing trading but the experts already know how it works along with the plethora of risks that it carries. It is ideal to use Profit.ly’s range of features to their best advantage to enhance their skills in trading. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Timothy Sykes Legit Or Not
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education 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 assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s numerous packages and products offered may be too much for the majority of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of services the platform has to offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Legit Or Not
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck could discover Profit.ly’s range of resources to be helpful as they do their best to reduce loss and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
If you really desire to be a better trader and want to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Legit Or Not
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the ‘My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is shown by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.