The stock market can be an extremely risky game. Some days, you might enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your most productive. If you are always in the mud, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve identified an option that can help you in your growth in the industry. We’ll be taking an in-depth look at Profit.ly is a well-known single-stop social platform to trade!
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 Is Timothy Sykes A Con Artist
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative and accountable, as well as transparent and encouraging one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders new to trading and also as a platform for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was based “on the transparency of every trade, something that was never prior to.” The concept was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus and students and newsletter writers and secondly) making it possible for anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Is Timothy Sykes A Con Artist
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared at achieving the success of their business. You can create an account at no cost, however you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest 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 go over shortly.
The process of opening an account is easy: 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 at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, 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 demonstrate that you’re worthy to the community of traders, but you are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you can opt to post your trades, either verified or not, via photographs. In Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account as well as other ways to interact with your experts through the chatroom in addition to 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 trader who is well-known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because it allows them to access capital from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trader. When he was 25 years old, he had been given greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial amounts of money through their years of experience. Is Timothy Sykes A Con Artist
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices, as well as 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 highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month it is a great option for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading 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. Is Timothy Sykes A Con Artist
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign up for this package you’ll be offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what we could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private account, making your personal information public. If you’re interested in get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. It is in this plan that you can create a private profile for sharing with fellow associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their skills in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to view the statistics of other traders that might be a drawback for those looking forward to this tier. Is Timothy Sykes A Con Artist
Pro Plan
This is by far the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month and 22% off for billing annually, this tier has everything. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating your own private profile. Both of these features, in addition to the 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 an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few more services it has to provide. One of these is its online store, where customers can select from a variety of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You are probably familiar with the chat room since you can see it across social and messaging platforms in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a real-time area where experts and members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. One of them may be a laid-back person who is not very often active, while another might be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able select from the products from its online store that they can take with them wherever they may travel. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as proficient in managing trading however, experienced traders know how it works along with the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to develop their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Is Timothy Sykes A Con Artist
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its users
- As traders may opt to make any type of trade, there is the possibility that some of them will profit by cherry-picking the best trades to improve their ratings This could be a risk 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 the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, you need to have curiosity. Is Timothy Sykes A Con Artist
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources useful in their efforts to incur lesser loss and perform better than before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly want to become a better trader and want to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Is Timothy Sykes A Con Artist
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard which lets you record your trades, either verified or otherwise. There are three options:
- 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 trades
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting 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 currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.
