Stock trading can be an extremely risky game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be very difficult to return to where you were at your best. If you are constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve identified a platform that can support you to improve your performance in the industry. This review will be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Tim Sykes A Fraud
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative and accountable, as well as transparent and encouraging each other through its broad range of features and tools such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” The concept Sykes said served two objectives: one) making public records for everyone, not just the experts, but also the students and newsletter writers as well as) giving everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes A Fraud
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed at achieving success. It is possible to create an account for free, but you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and skills, join your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its experts. It’s not just a way to demonstrate value to a community of traders, but you can also use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, then you could decide to share your trades, verified or not, via photographs. Included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small companies to move to a market that is larger as it allows them to access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also played a role in establishing 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 amazing features is the variety of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial profits from their combined years of expertise. Tim Sykes A Fraud
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: 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 Sykes
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Tim Sykes A Fraud
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally, you’ll also get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re interested in gain an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from many of the features of the Novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their skills in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to view other traders’ stats that might be a drawback for those who are eager to try this new tier. Tim Sykes A Fraud
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes a 22% discount when billed annually the Pro plan has it all. You get full, no-holds-barred access to all features of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the chance to create a private profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which allows users to pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You’re probably familiar with the chat room as you will see it on social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. Some may be laid back and not very often engaged, while another could be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room tips from the in-house experts and their members. Additionally, they can select from the products in its online store to carry with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a high-stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Tim Sykes A Fraud
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build 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 needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to boost their rating this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the number of features the platform is able to provide
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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 would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. Tim Sykes A Fraud
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s array of resources useful in their efforts to avoid losses and perform better than before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become more successful in trading and would like to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes A Fraud
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade category on the dashboard. It allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 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.
