Stock trading can be an extremely risky game. On some days, you may have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be very difficult to return to where you were at your best. If you are always in the mud it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve found an online platform that will help you in your growth in the market. This review will be taking a look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes Fraud
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative and accountable, as well as transparent and uplifting with one another through its wide array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people new to trading and also as a platform for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast variety of tools for communication and trade that help traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Think of it as the social media equivalent like Facebook and Reddit, but for traders and experts.
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 transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The concept was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts and newsletter writers and students and secondly) making it possible for all users to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes Fraud
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed towards achieving success. You may set up an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account, and you have yourself an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at the performance of the trading community and its gurus. It’s not just a way to demonstrate value to a community of traders, but you can also utilize Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you can choose to publish your trades, whether verified or not, by taking screenshots. Also 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 in the chatroom, along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market could be viewed as a stepping stone for small businesses to transition to a large marketplace as it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as a trader. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for openness, 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 most appealing features is the variety of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have earned substantial amounts of money from their collective years of knowledge. Timothy Sykes Fraud
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the prominent experts were 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. With that taken into consideration, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, it is a great option for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Fraud
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
From “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 Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. Additionally, you’ll also get access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that cater to traders of different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you do want to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to use many of the features of The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their expertise in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ statistics, which could be a problem for those who are anticipating this level. Timothy Sykes Fraud
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, and a 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all the features from the two previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. Both of these features, on top of all the benefits that you can use to the maximum extent. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of them is the online store, where customers can select from a variety of video products created to help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other related to trading, videos and scenes of the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You are probably familiar with the chat room as you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be a laid-back person who is not very often active, while another may be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus and members. Additionally, they can select from the products from its online store for them to take wherever they may travel. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that trading is a high-stakes game that should not be viewed as a joke.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to develop their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Timothy Sykes Fraud
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s numerous packages and services offered could be too much for the majority of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of services that the platform can provide
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created in this way. Instead, you need to have curiosity. Timothy Sykes Fraud
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser loss and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly desire to be better at trading and wish to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes 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 of the dashboard that allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is 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 and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are connected to 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 develop and grow in their ability to take advantage of opportunities in the stock market all over the world.