Stock trading can be an exciting game with high stakes. Some days, you may have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen and it could be very difficult to return to where you were at your best. If you are immersed in the water, you will have to realize that relying on instinct and survival is not always enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified an option that can help you in your growth within the field. We’ll take the time to 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.
Overall Rating: 4.1/5 Timothy Sykes Rip Off Report
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informed responsible, transparent, and to build relationships with each other through its broad variety of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” This idea Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter writers and students and secondly) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Rip Off Report
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed toward achievement. 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 in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to demonstrate value to a group of traders, but you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you are unsure about the concept of leaking your brokerage account, then you could decide to share your trades, either verified or not, via photographs. Included in Profit.ly are a variety of courses in trading and the capability to see the stats of a trader’s account and other methods to communicate with your gurus via chatrooms along with notifications via email or text 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 trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. The penny stock market could be viewed as a stepping stone for small businesses to transition to a market that is larger 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 can surely tell thanks to his years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms, 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 for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned substantial profits from their collective years of experience. Timothy Sykes Rip Off Report
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices; 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 program. It costs $149.95 per month, this is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans including alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Rip Off Report
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, the 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 the extensive knowledge base of information provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign to this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you do want to gain an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associates all your insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their skills in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able to see other traders’ stats, which could be a problem for some who may be eager to try this new tier. Timothy Sykes Rip Off Report
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, which includes a 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create your own private profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which allows users to select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members. One might be laid back and rarely active, while another might be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and their members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, however, they will soon learn that this is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as well-equipped with managing trading but the experts already know how it works along with the plethora of risks associated with it. It is ideal to make use of Profit.ly’s range of features to their full advantage to develop their skills in trading. Like novices, they can study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Rip Off Report
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for every person
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its customers
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to increase the rating This could be a concern that should not be ignored.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Rip Off Report
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources helpful when they try their best to incur lesser loss and perform better 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 care about being a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Rip Off Report
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the My Trade category on the dashboard which allows you to post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is shown 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 possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version works with all working smartphones and tablets.
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 seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities left and right.