Stock trading can be an extremely risky game. Some days, you could have the benefit of positive and satisfying numbers. On other days it could be the reverse and it can be very difficult to return to where you were at your most productive. If you’re constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found an option that can help you in your improvement in the market. This review will take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes Million Dollar Students
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative, transparent, accountable, and uplifting with one another through its wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people who are starting out as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from all walks of life network with each other. It gives the gurus 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 traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The concept Sykes said served two purposes: 1) making public records for not just the gurus, but also the newsletter authors and students as well as) allowing anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes Million Dollar Students
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. You may set up an account on the site for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to prove your worth to a group of traders. You can also use Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, either verified or not, via pictures. Also included in Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account, and more ways to interact with your experts via chatrooms 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 trading guru who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for under $5 for each share. Penny stock trading is an opportunity for small companies to move into a larger market because it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At the age of 25 Sykes was given greater exposure and a larger influence over time when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward 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 through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit through their years of experience. Tim Sykes Million Dollar Students
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on the 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 we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $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 possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, it is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Million Dollar Students
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile application, daily market updates in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition 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 online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers, each designed for traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign up for this plan you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
The list of features you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you do want to have the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use many of the features of The Novice package. It is in this plan that you can create an account that is private to share with other associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ stats this could be a problem for some who may be looking forward to this tier. Tim Sykes Million Dollar Students
This is by far the most premium package that Profit.ly offers to experienced traders. With $74.95 each month which includes an additional 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all features from the two prior plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create an individual profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, where customers can pick from a range of videos designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members. One of them may be laid back and rarely active, while another might be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room tips from the in-house experts and members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works and the plethora of risks that come with it. It is ideal to use Profit.ly’s array of features to their full advantage to develop their trading skills. Like beginners, they can learn from the experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Tim Sykes Million Dollar Students
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly benefit from the number of features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you should have an open mind. Tim Sykes Million Dollar Students
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s variety of resources helpful as they do their best to avoid loss and perform better than before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly desire to be a better trader and want to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Million Dollar Students
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the My Trade category on the dashboard. It allows you to post your trades that are verified or not. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade is authentic 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 small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version is compatible with most 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 all over the world.