Stock trading can be an extremely risky game. Some days, you could be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to where you were your peak. If you find yourself always in the mud it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you in your growth in the market. This review will be taking a look at Profit.ly is a well-known 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
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 allows traders of all levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never prior to.” The idea, he added, served two purposes: 1) creating public track records for not just the gurus, but also the newsletter authors and students as well as) making it possible for all users to be enlightened by the losses and wins to the benefit of the trading industry. Is Timothy Sykes A Fraud
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared at achieving success. You can create an account there for free, but you’re limited to access to the leaderboards and monitor 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 join one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into the performance of the trading community and its experts. You’re not just allowed to demonstrate your worth to a community of traders. You can also use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account you can opt to post your trades, verified or not, by taking photographs. Included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile as well as other 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 trading personality who is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as an opportunity for small companies to move into a larger market because it gives them access to money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you through his many years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence when he became part of the reality series “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned significant amounts of profit through their years of expertise. Is Timothy Sykes A Fraud
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the prominent gurus 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, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to forecast the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices, as well as email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, it is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released every 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 small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Is Timothy Sykes A Fraud
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market updates in real-time, and SMS and e-mail 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 provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally you’ll also gain access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership levels that cater to traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign up for this package, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. In this plan, that you can create a private profile for sharing with fellow associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their expertise in trading. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, you won’t be able to view the statistics of other traders, which could be a problem for those anticipating this level. Is Timothy Sykes A Fraud
Pro Plan
This is by far the highest expensive plan Profit.ly offers to experienced traders. At $74.95 each month and an additional 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of them is the online store, which lets users choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips taken from 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 the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time area where experts and members trade and learn in real time. Each guru has their style in operating their chat room and in dealing with the members. One might be laid back and rarely active, while another might be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips from its in-house gurus and members. They’ll also be able choose from the items in its online store for them to take wherever they be. You can also get hands-on experiences by trading through the platform, however they’ll realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as adept at managing trading however, experienced traders know how it works and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to improve their trading abilities. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Is Timothy Sykes A Fraud
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse 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 provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for a lot of its customers
- Since traders can choose to make any type of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, you need to have an open mind. Is Timothy Sykes A Fraud
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck might find Profit.ly’s array of resources to be helpful when they try their best to reduce loss and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Is Timothy Sykes A Fraud
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the “My Trade’ category of the dashboard. It lets you record your trades that are verified or not. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities both right and left.
