The stock market can be an exciting game with high stakes. Some days, you may have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite and it can be very difficult to get back to where you were at your best. If you are always in the mud it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an option that can help you to improve your performance within the field. We’ll take an in-depth look at Profit.ly A well-respected 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 Pdf
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad range of features and tools including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people new to trading and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The idea was, he said, serving two objectives: one) creating public track records for not just the gurus as well as students and newsletter writers and secondly) allowing all users to gain insight into both the wins and losses to the benefit of the trading industry. Timothy Sykes Pdf
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared towards achieving success. You can create an account at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into how the community of traders performs as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the community of traders, but you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you can opt to post your trades, whether verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading courses and the capability to see stats in a trader’s profile and other methods to connect with your gurus in the chatroom, as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as a trader. When he was 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial profits through their years of expertise. Timothy Sykes Pdf
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to 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 that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, such as alerts for swing trading and access to a library of over 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with 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. Timothy Sykes Pdf
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers, each designed for 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 entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign to this plan you’ll be given a slew of robust and vital trading tools, each one of them essential in keeping your fingers on what call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to have access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows you to use a majority of features from the Novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to develop their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ statistics this could be a problem for those who are looking forward to this tier. Timothy Sykes Pdf
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, which includes 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating a private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of other services they provide. One of them is the online store, which lets users choose from a wide array of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You are probably familiar with chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat support. But on Profit.ly, it is seen as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be more laid back and less active, while another may be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able choose from the items on its store online to carry with them wherever they may be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as adept at handling trading matters but the experts already know how it works and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to improve their trading abilities. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Pdf
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There’s something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s a ‘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 meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Timothy Sykes Pdf
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s range of resources useful as they do their best to avoid losses and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you really want to become better at trading and wish to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Pdf
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the My Trade section of the dashboard that lets you record your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is evident by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.