Stock trading can be an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to get back to where you were at your most productive. If you are immersed in the water, you will have to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your improvement in the market. We’ll take a look at Profit.ly is a well-known 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 Lawsuit Tim Sykes
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informative responsible, transparent, and uplifting with each other through its broad range of features and tools like chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are starting out and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been prior to.” The idea was, he said, serving two purposes: 1) making public records for not just the gurus and newsletter writers and students and secondly) making it possible for all users to gain insight into both the wins and losses to benefit the industry of trading. Lawsuit Tim Sykes
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of features and services aimed towards achieving success. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to show that you’re worthy to the group of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their claims.
If you are unsure about the idea of sharing your brokerage account, you may decide to share your trades, either verified or not, via pictures. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms as well as 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 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-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is an opportunity for small companies to move to a large marketplace as it gives them access to funds from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trader. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of expertise. Lawsuit Tim Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world 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, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on 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, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Lawsuit Tim Sykes
The Superman Alerts plan is his package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign up for this package you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing 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 gain access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. 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 information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to view the statistics of other traders this could be a disadvantage for those anticipating this level. Lawsuit Tim Sykes
This is by far the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, with 22% off when billed annually the Pro plan has it all. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of other services they provide. One of them is the online store, where customers can select from a variety of videos created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other 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 included in Profit.ly’s range of features and services. You’re probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a hands-on place where gurus and their members can interact 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. One of them may be more laid back and not very often active, while another may be more active and in touch with their students. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able choose from the items in its online store for them to take wherever they may be. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to them as people who are just beginning. Although the novices might not be as proficient in handling trading matters, the pros already understand the way it functions and the risky mix associated with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Lawsuit Tim Sykes
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’ll receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to 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 the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep curiosity. Lawsuit Tim Sykes
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck might find Profit.ly’s array of resources to be helpful as they do their best to avoid losses and perform better than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you really desire to be a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Lawsuit Tim Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion under the “My Trade category on the dashboard. It lets you post your trades, either verified or not. You may choose between three choices:
- 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 can be verified or not?
If you buy your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you post it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.