Stock trading can be an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be extremely difficult to get back to where you were your most productive. If you’re immersed in the water it is important to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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 Penny Stock Scam
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be informative, transparent, accountable, and encouraging one another through its wide variety of tools and features including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad array of options for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” The idea was, he said, serving two purposes: 1) making public records for not just the gurus, but also the newsletter authors and students as well as) giving anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes Penny Stock Scam
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared at achieving success. You can create an account there for free, but you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at their performance as a trading group as well as its gurus. It’s not only a chance to demonstrate value to a community of traders. You are also able to use Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the veracity of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may decide to share your trades, either verified or otherwise, through screenshots. In Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile, and more ways to interact with your experts via chatrooms as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market is an avenue for small companies to move to a large marketplace as it allows them to access funds from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as a trader. At the age of 25, he had been given greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial amounts of money from their collective years of knowledge. Timothy Sykes Penny Stock Scam
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, it is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Penny Stock Scam
The Superman Alerts plan is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you going. The platform has 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
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what could call a ruthless process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets users to benefit from a majority of features from The Novice package. In this plan, that you can set up a private profile to share with other associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ stats, which might be a drawback for those who are anticipating this level. Timothy Sykes Penny Stock Scam
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, which includes 22% off for annual billing, this tier has everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating your own private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. 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 trainer tools and leadersboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, where customers can choose from a wide array of video products that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You may be familiar with chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One might be a laid-back person who is less active, while another might be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room tips by its internal gurus and their members. They’ll also be able to choose from the items on its store online that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a high stakes game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as well-equipped with managing trading, the pros already understand how it works along with the plethora of risks that come with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like novices, they can study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Timothy Sykes Penny Stock Scam
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of 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 reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its users
- If traders decide to open any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the many features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you should have curiosity. Timothy Sykes Penny Stock Scam
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s range of resources helpful as they do their best to incur lesser losses and perform better than before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become a better trader and want to learn from your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Penny Stock Scam
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the “My Trade’ category of the dashboard. It lets you record your trades, verifiable or not. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you post it manually or through images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.
