Stock trading can be an exciting game with high stakes. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to where you were at your peak. If you’re constantly stuck in the gutter, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the world, which is why we’ve discovered an online platform that will help you in your growth in the industry. This review will take an in-depth look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Sued
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable responsible, transparent, and encouraging each other through its broad range of features and tools like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders new to trading and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” This idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus and students and newsletter writers, and 2) allowing all users to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Sued
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed toward achievement. You may set up an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time it is necessary to sign up to one 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 skills, join to your brokerage account and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate that you’re worthy to the community of traders. You can also use Profit.ly to buy with a professional with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you can opt to post your trades, whether verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile and other methods to interact with your experts via chatrooms as well as 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 has been famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small businesses to transition into a larger market because they can access capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trader. At 25 years old, he had been given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about 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 sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the trading experts who have earned significant amounts of profit through their years of expertise. Timothy Sykes Sued
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this 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 Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in trading.
A single purchase from 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, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
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 this is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features of earlier plans such as alerts for swing trading and access to a rich collection of more than 7,000 educational 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Sued
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed up for this package you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in The Novice package. In this plan, that you can set up an account that is private for sharing with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ stats, which could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Sued
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, which includes 22% off for annual billing This plan offers it all. You will have full, unrestricted access to all the features from the two previous plans.
You’re not only able to view other people’s stats, but you’re also given 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 trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of other services they provide. One of them is the online store, which lets users pick from a range of video products created to guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other related to trading, videos and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One might be laid back and not very often active, while another might be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from novices to experienced professionals. With the variety of deals it can provide it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they get daily videos and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may go. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that trading is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have 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 proficient in handling trading matters but the experts already know how it works and the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Timothy Sykes Sued
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its customers
- Since traders can choose to open any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the many services that the platform can offer
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The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Sued
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck might find Profit.ly’s variety of resources helpful in their efforts to avoid losses and be more successful than they did before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become more successful in trading and would like to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Sued
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the ‘My Trade category on the dashboard which allows you to post your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is the chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via images, it will be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.
