The stock market can be an extremely risky game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your peak. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an important boost from colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your growth in the market. In this review, we’ll take an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes Sued
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 enables traders of different levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are starting out and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as is humanly possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was based “on showing all trades, something that has never been previously done.” The idea was, he said, serving two objectives: one) creating public track records for not just the gurus, but also the newsletter writers and students and secondly) giving all users to be enlightened by the losses and wins for the trading industry’s benefit. Tim Sykes Sued
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of tools and services that are geared towards achieving success. You can create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s deals, which we will go over shortly.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group as well as its gurus. It’s not only a chance to prove that you’re worthy to the large group of traders, as you are also able to use Profit.ly to buy 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 idea of divulging your brokerage account, then you could opt to post your trades, whether verified or otherwise, through screenshots. In Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile and other methods to communicate with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as a trader. At the age of 25, he had been given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the trading experts who have earned significant amounts of profit through their years of experience. Tim Sykes Sued
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: the 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 look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices; texts, emails and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, this is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Sued
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also have access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that cater to traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. As you sign to this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your hands on what we call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re interested in gain the benefit of this service, you should keep an eye on us as we present 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 plan. This plan allows that you can create an account that is private for sharing with fellow associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their trading skills. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics that could be a problem for those who are anticipating this level. Tim Sykes Sued
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. At $74.95 each month and an additional 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to 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 tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few more services it has to provide. One of these is its online store, where customers can choose from a wide array of video products designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short 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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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You are probably familiar with chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One of them may be laid back and not very often engaged, while another could be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able select from the products on its store online to carry with them wherever they may go. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that this is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as proficient in handling trading matters but the experts already know how it works and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Tim Sykes Sued
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, you need to have an open mind. Tim Sykes Sued
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s variety of resources helpful as they do their best to incur lesser losses and perform better than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become better at trading and wish to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Sued
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the “My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is evident by the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities both right and left.
