The stock market can be an extremely risky game. Some days, you might enjoy the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it could be extremely difficult to return to where you were at your best. If you are always in the mud, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve discovered a platform that can support you in your improvement within the field. This review will be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 What Is Tim Sykes Net Worth
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informative responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people new to trading and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The concept was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter writers and students and secondly) giving anyone on the platform to learn from both losses and wins to the benefit of the trading industry. What Is Tim Sykes Net Worth
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared towards achieving achievement. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to demonstrate your worth to a group of traders, but you are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of divulging your brokerage account, you may choose to publish your trades, verified or not, by taking screenshots. Also included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile and other methods to interact with your experts 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 is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access funds from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. When he was 25 years old Sykes was given more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit from their combined years of knowledge. What Is Tim Sykes Net Worth
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus 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. When we take that into account we’ll take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices; email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month it is a great option for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, such as alerts for swing trading and access to a library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. What Is Tim Sykes Net Worth
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally you’ll also gain access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your fingers on what call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort as well as filter trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you do want to gain access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from The Novice package. This plan allows that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view other traders’ stats that might be a drawback for those who are eager to try this new tier. What Is Tim Sykes Net Worth
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month with a 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all options of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating an individual profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few other services they offer. One of them is the online store, where customers can select from a variety of instructional videos that are created to guide you through 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 like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and scenes of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You may be familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One might be more laid back and less engaged, while another could be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room tips from the in-house experts as well as their members. Additionally, they can select from the products in its online store to carry with them wherever they be. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a high stakes game that should not be viewed as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to people who are just beginning. Although the novices might not be as adept at dealing with trading issues, the pros already understand how it works along with the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. What Is Tim Sykes Net Worth
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to receive excellent training and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s numerous packages and services offered could be too much for most of its users
- If traders decide to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you should have curiosity. What Is Tim Sykes Net Worth
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources useful in their efforts to reduce losses and be more successful than they did before. It’s not only the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ What Is Tim Sykes Net Worth
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the My Trade category on the dashboard which lets you record your trades, either verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
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 the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.