Stock trading can be a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be very difficult to get back to where you were your peak. If you find yourself always in the mud You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve identified an online platform that will help you to improve your performance in the industry. This review will 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes 30 Day Boot Camp
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad array of tools and features such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders new to trading as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas that the site. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as possible. It was created 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 with Forbes magazine, Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been previously done.” This idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus and students and newsletter writers as well as) allowing anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Tim Sykes 30 Day Boot Camp
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared at achieving achievement. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, 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 demonstrate value to a community of traders. You can also use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the credibility of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, you can choose to publish your trades, verified or not, via photographs. Also included in Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account as well as other ways to interact with your experts through the chatroom in addition to email and text alerts 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 delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. Penny stock trading is an avenue for small businesses to transition into a larger market because they can access capital from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” He made use of the show to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money from their combined years of knowledge. Tim Sykes 30 Day Boot Camp
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: the 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 take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices; email, text 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, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released 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 trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes 30 Day Boot Camp
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, daily market updates in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as 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 the growing collection of previous lessons. On top of that, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three tiers 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 just beginning their journey to the trading world. When you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
The list of features you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you do want to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from The Novice package. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to view other traders’ stats this could be a disadvantage for some who may be looking forward to this tier. Tim Sykes 30 Day Boot Camp
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month which includes an additional 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all features from the two prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of 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
In addition to the training tools and the Leaderboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which lets users select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage taken from events like 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 range of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a real-time place where gurus and their 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 of them may be a laid-back person who is not very often active, while another may be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able select from the products in its online store to carry with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that the process is a risky 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 for them as it is for the newcomers. While the newbies may not be as adept at managing trading however, experienced traders know the way it functions and the plethora of risks that come with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Tim Sykes 30 Day Boot Camp
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 an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, you need to have curiosity. Tim Sykes 30 Day Boot Camp
What we do mean”yes” is that it could be a useful learning tool. People who are stuck might find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser losses and be more successful than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you truly want to become better at trading and wish to be taught by your fellows and gurus along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes 30 Day Boot Camp
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the My Trade’ category of the dashboard that lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are 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 develop and grow in their ability to take advantage of stock market opportunities all over the world.