The stock market can be an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were your most productive. If you find yourself immersed in the water it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced 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 enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered a platform that can support you in your growth in the industry. In this review, we’ll be taking the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes On Tv Show
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad array of tools and features like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The idea, he added, served two purposes: 1) creating public track records for everyone, not just the experts, but also the newsletter writers and students, and 2) making it possible for everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes On Tv Show
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed at achieving success. You may set up an account for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not just a way to prove value to a large group of traders. You can also utilize Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can opt to post your trades, either verified or not, via screenshots. Included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms 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 the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as a trader. At 25 years old, he had been given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place of openness, and to allow the community to rise and compete 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 company’s internal gurus. These gurus refer to the experts in trading who have made substantial profits from their collective years of experience. Timothy Sykes On Tv Show
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: Founder and penny stock trader 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 Sykes
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: 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 monthly, this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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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. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes On Tv Show
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we call a competitive procedure in its own.
The list of features you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows you to use the majority of features available in the novice plan. This plan allows that you can create a private profile to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop 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 won’t be able to view other traders’ stats this might be a drawback for those who are anticipating this level. Timothy Sykes On Tv Show
This is by far the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 each month and a 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all features of the previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create a private profile. Both of these options, plus the other benefits that you can use to their fullest capacity. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of other services they offer. One of those is its online store, where customers can choose from a wide array of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and clips taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You are probably familiar with the chat room as you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. Some may be laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Consider 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 caters to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able to choose from the items on its store online that they can take with them wherever they may go. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that trading is a risky game that should not be viewed as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as adept at handling trading matters, the pros already understand how it works and the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Timothy Sykes On Tv Show
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed 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 chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- If traders decide to post any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to increase the rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, it is best to keep an open mind. Timothy Sykes On Tv Show
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources helpful in their efforts to reduce losses and be more successful than before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being more successful in trading and would like to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes On Tv Show
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the My Trade’ category of the dashboard which allows you to post your trades that are verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you post it manually or through images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from colleagues. Too many downvotes may cause you to be listed at the top of 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 in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities all over the world.