The stock market can be an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be very difficult to return to where you were your best. If you find yourself constantly stuck in the gutter You will need to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve identified an option that can help you in your improvement in the market. This review will take the time to look at Profit.ly, a well-recognized 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 Timothy Sykes Arrested
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed and accountable, as well as transparent and uplifting with one another through its wide range of features and tools like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people who are starting out and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication that help traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that has never been previously done.” The idea, he added, served two objectives: one) creating public track records for not just the gurus and students and newsletter writers and secondly) allowing all users to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Arrested
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving success. You can create an account for free, but you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to show your worth to a large group of traders. You are also able to use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the concept of leaking the details of your broker account you may opt to post your trades, whether verified or otherwise, through screenshots. Included in Profit.ly are a variety of courses in trading and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms along with notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access money from the general 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, made more than $6 million in profits throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial amounts of money from their combined years of experience. Timothy Sykes Arrested
At its peak, 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 prominent experts 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 the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-stock day trading via 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 moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Arrested
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, 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, plus access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally 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 online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign to this plan, you will be immediately given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what we call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is 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 leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows users to benefit from the majority of features available in the Novice plan. In this plan, that you can set up a private profile for sharing with fellow associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their skills in trading. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to view the statistics of other traders, which might be a drawback for those anticipating this level. Timothy Sykes Arrested
This is by far the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month and 22% off for annual billing This plan offers it all. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create your own private profile. Both of these features, on top of all the benefits that you can use to the maximum extent. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of other services they offer. One of those is its online store, which allows users to choose from a wide array of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and footage of The Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. One of them may be laid back and less engaged, while another could be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that trading is a high-stakes game that should not be viewed as a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as adept at managing trading, the pros already understand how it works along with the risky mix that come with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to enhance their skills in trading. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Arrested
Profit.ly’s Pros and Cons
- Profit.ly’s numerous 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 will receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its customers
- If traders decide to open any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users will immediately take advantage of the numerous services the platform has to offer
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Arrested
What we mean”yes” is that it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s array of resources helpful when they try their best to avoid losses and be more successful than before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Arrested
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the My Trade’ category of the dashboard which lets you post your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market both right and left.