Stock trading can be an extremely risky game. On some days, you may enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your peak. If you’re constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve identified an online platform that will help you in your growth within the field. We’ll take an in-depth look at Profit.ly is a well-known 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 Tim Sykes Millionair Challenge
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative, transparent, accountable, and uplifting with each other through its broad variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that has never been previously done.” The concept was, he said, serving two objectives: one) making public records for everyone, not just the experts as well as students and newsletter writers as well as) making it possible for anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Tim Sykes Millionair Challenge
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 the success of their business. You may set up an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to prove your worth to a large group of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the idea of sharing your brokerage account, then you could choose to publish your trades, whether verified or not, via photographs. Included in Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small businesses to transition to a large marketplace as they can access capital from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial amounts of money from their collective years of knowledge. Tim Sykes Millionair Challenge
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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. With that taken into consideration Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as 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 premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is a great option for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Millionair Challenge
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. Alongside the standard features 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 gain access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign to this plan you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you’re interested in get an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. In this plan, that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to develop their trading skills. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ statistics that might be a drawback for those looking forward to this tier. Tim Sykes Millionair Challenge
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes a 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all options of the prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of other services they provide. One of those is its online store, where customers can pick from a range of videos that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can 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 library of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a real-time place where gurus and their members can interact and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One of them may be more laid back and less engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able choose from the items in its online store that they can take with them wherever they be. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that the process is a risky game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as well-equipped with handling trading matters, the pros already understand the way it functions and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to improve their skills in trading. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Tim Sykes Millionair Challenge
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be taught by experts and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call 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 main features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its customers
- As traders may opt to make any type of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with the answer, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, it is best to keep curiosity. Tim Sykes Millionair Challenge
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might find Profit.ly’s variety of resources useful as they do their best to reduce losses and perform better than before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being better at trading and wish to be taught by your fellows and gurus on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Tim Sykes Millionair Challenge
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the My Trade’ category of the dashboard. It allows you to post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is the probability that it’s verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are 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.
