The stock market can be an extremely risky game. On certain days, you might enjoy the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to the point you were at your peak. If you find yourself always in the mud, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve found an online platform that will help you in your improvement in the industry. This review will take the time to 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. 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 Net Worth
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed, transparent, accountable, and to build relationships with each other through its broad variety of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people new to trading and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad range of resources for trade and communication that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of the platform. Consider it a social media site akin like Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” This idea, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter writers and students and secondly) allowing all users to learn from the losses and wins to benefit the industry of trading. Timothy Sykes Net Worth
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed toward the success of their business. You may set up an account for free, but you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its gurus. You’re not just allowed to demonstrate that you’re worthy to the large group of traders, as you can also use Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the credibility of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, verified or otherwise, through photographs. Included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile as well as other ways to interact with your experts via chatrooms as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small companies to move to a large marketplace as they can access capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. At the age of 25 Sykes was given more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have earned substantial amounts of money from their combined years of knowledge. Timothy Sykes Net Worth
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices; 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 most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released each week.
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In “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. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Net Worth
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, the 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, plus access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership levels, each designed for traders with different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this package, 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 could call a ruthless procedure in its own.
Some of the features you can do with Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the Novice plan. In this plan, that you are able to create an account that is private to share with other associate users all the 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 catering to those who desire to develop their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ stats that might be a drawback for those who are anticipating this level. Timothy Sykes Net Worth
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, with 22% off for annual billing, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the option of creating your own private profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of more services it has to offer. One of those is its online store, where customers can select from a variety of video products that are designed to educate and help you understand the ins and outs of trading. The products listed on this page of the site can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You are probably familiar with the chat room as you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a hands-on space where experts and their member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be more laid back and not very often active, while another may be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and their members. Additionally, they can select from the products on its store online for them to take wherever they go. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the stack full of risks that it carries. It is ideal to use Profit.ly’s variety of features to their full advantage to develop their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Net Worth
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its users
- If traders decide to post any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to increase the rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds as its premium users will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be yes. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you should have curiosity. Timothy Sykes Net Worth
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may find Profit.ly’s array of resources to be helpful as they do their best to reduce loss and perform better than before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Net Worth
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the ‘My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. There are three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
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 version of the app works with all operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are 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.