Stock trading is an extremely risky game. On some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be very difficult to get back to the point you were at your best. If you are always in the mud You will need be aware that relying solely 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 solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you in your growth within the field. This review will take the time to look at Profit.ly, a well-recognized all-in-one 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.
Overall Rating: 4.1/5 Is Timothy Sykes A Fraud Quora
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informed, transparent, accountable, and uplifting with each other through its broad array of tools and features like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for those new to trading and also as a platform for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it a social media site akin like 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 form of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic 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 the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never prior to.” This idea was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students as well as) making it possible for anyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Is Timothy Sykes A Fraud Quora
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed at achieving the success of their business. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: create an account with your experience and knowledge, then connect your brokerage account, and you have yourself an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into their performance as a trading group as well as its experts. It’s not just a way to prove value to a community of traders, but you can also use Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging your brokerage account, then you could decide to share your trades, verified or not, by taking photographs. In Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small businesses to transition to a large marketplace as it allows them to access funds from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for transparency and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial amounts of money from their collective years of expertise. Is Timothy Sykes A Fraud Quora
At its peak, 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: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices; text, e-mail 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 program. It costs $149.95 monthly, this is a great option for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts as well as unlimited 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 is known under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Is Timothy Sykes A Fraud Quora
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, all of which is essential to keep your hands on what we could call a ruthless process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you’re looking to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows you to take advantage of many of the features of the novice plan. In this plan, that you are able to create a private profile to share with other associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able view the statistics of other traders that could be a problem for some who may be eager to try this new tier. Is Timothy Sykes A Fraud Quora
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. With $74.95 per month, with an additional 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all the options of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few more services it has to provide. One of these is its online store, which lets users pick from a range of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a space where experts and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One of them may be laid back and rarely active, while another might be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able to choose from the items in its online store that they can take with them wherever they go. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to people who are just beginning. While novice traders may not be as proficient in handling trading matters, the pros already understand how it works and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to improve their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Is Timothy Sykes A Fraud Quora
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will be taught by experts and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There is truly something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its customers
- As traders may opt to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, you should have the ability to think with an open heart. Is Timothy Sykes A Fraud Quora
What we do mean”yes” is it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser losses and be more successful than they did before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being better at trading and wish to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Is Timothy Sykes A Fraud Quora
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the My Trade’ category of the dashboard. It lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.