The stock market can be an extremely risky game. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were at your most productive. If you find yourself always in the mud, you will have to realize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve discovered an option that can help you in your growth in the market. We’ll take the time to 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.
Overall Rating: 4.1/5 What Happened To Timothy Sykes
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those who are starting out and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” The idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus as well as newsletter writers and students and secondly) making it possible for anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. What Happened To Timothy Sykes
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared toward the success of their business. It is possible to create an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to prove that you’re worthy to the community of traders, but you are also able to use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you can decide to share your trades, whether verified or otherwise, through pictures. In Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts via chatrooms 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 is well-known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market could be viewed as an avenue for small companies to move to a large marketplace as they can access capital from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as a trader. When he was 25 years old, he had been given greater exposure and a larger impact as a participant in the reality show “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 trading. He also helped establish Profit.ly as a platform for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have earned substantial profits from their combined years of expertise. What Happened To Timothy Sykes
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the most prominent gurus included 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 this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices; text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans such as alerts for swing trading and access to a library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. What Happened To Timothy Sykes
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. On top of that, you’ll also get access to premium research reports as well as 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 field, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. As you sign to this plan, you will be immediately offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in get the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader plan allows you to take advantage of the majority of features available in the novice plan. This plan allows that you can create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders this could be a disadvantage for some who may be eager to try this new tier. What Happened To Timothy Sykes
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 each month and 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all the options of the previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create an individual profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can choose from a wide array of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat support. But in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. Some may be laid back and less active, while another might be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for 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. With the variety of deals it offers, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able choose from the items in its online store to carry with them wherever they may be. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly equally suited to them as the newcomers. Although the novices might not be as adept at handling trading matters, the pros already understand how it works along with the stack full of risks that come with it. Ideally, they may use Profit.ly’s variety of features to their best advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. What Happened To Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to 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 can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for all
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its customers
- As traders may opt to open any kind of trade, there is an opportunity that some them could profit from picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep an open mind. What Happened To Timothy Sykes
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck might find Profit.ly’s array of resources to be helpful when they try their best to incur lesser losses and be more successful than before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ What Happened To Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades within the “My Trade’ category of the dashboard which lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as 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 over 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.