Stock trading can be a high-stakes game. Some days, you may be reaping the benefits of positive and satisfactory 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’re constantly stuck in the gutter it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve found an online platform that will help you in your growth within the field. We’ll take an in-depth 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 Timothy Sykes A Scam
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are just beginning their journey and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” The concept Sykes said served two objectives: one) making public records for not just the gurus as well as students and newsletter writers, and 2) making it possible for all users to learn from both the wins and losses for the trading industry’s benefit. Timothy Sykes A Scam
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared at achieving the success of their business. It is possible to create an account there for free, but you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s deals, which we will go over shortly.
Making an account easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into how the community of traders performs and its gurus. You’re not just allowed to demonstrate value to a group of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may choose to publish your trades, either verified or not, via pictures. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts via chatrooms in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading is an opportunity for small companies to move to a large marketplace as it gives them access to capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their collective years of experience. Timothy Sykes A Scam
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: the 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 Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
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 package. It costs $149.95 for a month it is a great option for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated weekly.
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In “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 when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes A Scam
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally, you’ll also get access to premium research reports as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that cater to traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, each 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 with Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. If you do want to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the Novice plan. This plan allows that you can set up a private profile for sharing with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their skills in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for some who may be looking forward to this tier. Timothy Sykes A Scam
Pro Plan
This is by far the most luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, with 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the features from the two prior plans.
Not only do you get to view other people’s stats and data, but you also have the chance to create a private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to pick from a range of videos designed to inform and guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You may be familiar with chat rooms since you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. But on Profit.ly the chat room is viewed as a real-time space where experts and their members trade and learn in real time. Each guru has their style in running their chat rooms and dealing with the members there. One of them may be laid back and less engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and members. Additionally, they can select from the products in its online store for them to take wherever they be. Additionally, they can gain practical experiences by trading through the platform, however, they will soon learn 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 line, we believe Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as proficient in handling trading matters however, experienced traders know the way it functions and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Timothy Sykes A Scam
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build 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 unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an answer to this question, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed in this way. Instead, you need to have curiosity. Timothy Sykes A Scam
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and be more successful than before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes A Scam
How do you use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the “My Trade category on 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 trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic 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 blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.
