Stock trading is an extremely risky game. On some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it could be very difficult to get back to where you were at your best. If you’re always in the mud, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the industry. In this review, we’ll take the time to 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.
Total Rating: 4.1/5 Tim Sykes Millionaire Challenge Worth It
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 informed responsible, transparent, and uplifting with each other by offering a wide range of features and tools like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those new to trading and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which was never previously done.” The idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus and newsletter writers and students and secondly) giving all users to learn from both the wins and losses to benefit the industry of trading. Tim Sykes Millionaire Challenge Worth It
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed toward success. You can create an account on the site at no cost, however you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and expertise, connect 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 was designed to offer its users a look at the performance of the trading community and its gurus. You’re not just allowed to prove that you’re worthy to the community of traders. You can also use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you are unsure about the idea of divulging the details of your broker account you may decide to share your trades, verified or not, by taking screenshots. In Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom along with 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 famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an avenue for small companies to move to a market that is larger as they can access funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a platform for transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have proven to make substantial profits from their collective years of experience. Tim Sykes Millionaire Challenge Worth It
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this 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. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A standalone 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; text, e-mail, and push alerts; and a daily stock watchlist.
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 per month, this is a great option for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, such as alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Millionaire Challenge Worth It
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. On top of that you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this package you’ll be given a slew of robust and indispensable 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 do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to use 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 improve their skills in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders, which could be a disadvantage for those anticipating this level. Tim Sykes Millionaire Challenge Worth It
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month and a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all features of the previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, where customers can choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You may be familiar with the chat room since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members. One might be more laid back and less active, while another may be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room tips from its in-house gurus as well as their members. Additionally, they can choose from the items in its online store to carry with them wherever they be. You can also get hands-on experiences from trading within the platform, however, they will soon learn that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as adept at handling trading matters however, experienced traders know how it works along with the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to develop their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to assist them in the ever-changing trading process. Tim Sykes Millionaire Challenge Worth It
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the many features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could think of the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you should have the ability to think with an open heart. Tim Sykes Millionaire Challenge Worth It
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources helpful as they do their best to avoid losses and perform better than they did before. It’s not just the poor traders that can profit from the platform. It can accommodate beginners and even experts!
If you truly care about being better at trading and wish to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Millionaire Challenge Worth It
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade section of the dashboard which allows you to post your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you submit the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.
