The stock market can be a high-stakes game. Some days, you could be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your best. If you are constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation 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 a significant boost from your trading partners from all over the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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 Complaints
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 all levels to be informed, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are just beginning their journey as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas that the site. Consider it the social media equivalent like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was based “on showing all trades, something that was never done before.” The idea, he added, served two objectives: one) making public records for everyone, not just the experts and newsletter writers and students, and 2) giving all users to learn from both the wins and losses to the benefit of the trading industry. Tim Sykes Complaints
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. You can create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to prove that you’re worthy to the community of traders, as you can also use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could decide to share your trades, whether verified or not, by taking screenshots. Also included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in 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 could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to establish 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 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 company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their collective years of knowledge. Tim Sykes Complaints
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, it is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Complaints
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, the daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that cater to traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, all one of them essential in keeping your hands on what we could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you’re looking to gain an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from The Novice package. In this plan, that you can create an individual profile that allows you to share with other associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders that might be a drawback for those who are anticipating this level. Tim Sykes Complaints
Pro Plan
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. At $74.95 each month with a 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all features of the prior plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few more services it has to provide. One of these is its online store, which allows users to choose from a wide array of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. One might be more laid back and less engaged, while another could be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for everyone.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice by its internal gurus as well as their members. Additionally, they can select from the products in its online store for them to take wherever they may be. You can also get hands-on experiences from trading within the platform, however, they will soon learn that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with managing trading but the experts already know how it works and the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to develop their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ 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 at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Tim Sykes Complaints
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to boost their rating This could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, it is best to keep an open mind. Tim Sykes Complaints
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s array of resources to be helpful as they do their best to incur lesser loss and perform better than they did before. It’s not just the struggling traders who will benefit from the 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 learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Complaints
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade category on the dashboard which lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.
