Stock trading can be a high-stakes game. On certain days, you might have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it can be very difficult to get back to the point you were at your best. If you find yourself immersed in the water, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve identified an option that can help you to improve your performance in the industry. This review will be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Challenge Free
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed, transparent, accountable, and encouraging one another through its wide range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar to Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was established many years ago 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 declared that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The idea Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus as well as students and newsletter writers, and 2) allowing everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Tim Sykes Challenge Free
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared at achieving success. You may set up an account for free, but you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to prove your worth to a group of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, verified or not, via photographs. In Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. At 25 years old Sykes was given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make substantial profits from their collective years of experience. Tim Sykes Challenge Free
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices; texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Challenge Free
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers, each designed for traders with 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 entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign to this plan you’ll be provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, 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 however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you do want to gain access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. This plan allows that you can set up an account that is private to share with other associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. As opposed to the prior Novice package, you won’t be able to see the statistics of other traders that could be a problem for those looking forward to this tier. Tim Sykes Challenge Free
Pro Plan
This is by far the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month with 22% off for annual billing, this tier has it all. It gives you full, unlimited access to all the features of the previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the option of creating an individual profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of those is its online store, which allows users to choose from a wide array of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You are probably familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the members. One of them may be more laid back and not very often engaged, while another could be more active and in touch to their pupils. Consider chatrooms as 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 the wide range of stock traders, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able choose from the items on its store online to carry with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that it carries. It is ideal to utilize Profit.ly’s range of features to their best advantage to develop their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Tim Sykes Challenge Free
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its customers
- If traders decide to make any type of trade, there is the possibility that some of them could profit from picking the most profitable trades to improve their ratings – this may be a concern that should not be simply 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 provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Challenge Free
What we are referring to”yes” is it could be a useful learning tool. People who are stuck may find Profit.ly’s range of resources helpful in their efforts to reduce losses and be more successful than before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being more successful in trading and would like to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Tim Sykes Challenge Free
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the “My Trade section of the dashboard that allows you to post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is evident by the blue check mark. If you submit the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities all over the world.
