Stock trading is an extremely risky game. Some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were at your peak. If you find yourself immersed in the water You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve discovered an option that can help 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.
Overall Rating: 4.1/5 Tim Sykes Millionaire Mentor
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative, transparent, accountable, and encouraging each other by offering a wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are starting out as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that has never been prior to.” The concept was, he said, serving two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter writers and students as well as) allowing all users to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes Millionaire Mentor
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared at achieving achievement. You may set up an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking 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 offers that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to show your worth to a community of traders. You are also able to use Profit.ly to shop from a guru with the confidence that you are confident in their skills and the veracity of their claims.
If you are unsure about the idea of sharing the details of your broker account then you could choose to publish your trades, either verified or not, via photographs. Included in Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account as well as other ways to interact with your experts via chatrooms along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. The trading of penny stocks could be viewed as 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. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as a trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to create trading rooms, 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 platform for transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money from their collective years of expertise. Tim Sykes Millionaire Mentor
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the most famous gurus included 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 this platform: the founder of the penny stock market 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is the perfect plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Millionaire Mentor
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, daily market commentary in real-time, as well as email 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 of information provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly plans 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 get you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this package you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use the majority of features available in the novice plan. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their trading skills. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats that could be a problem for those who are looking forward to this tier. Tim Sykes Millionaire Mentor
Pro Plan
This is by far the most expensive plan Profit.ly can offer to experienced traders. At $74.95 each month with a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating a private profile. Both of these features, 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 with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of other services they provide. One of these is its online store, which lets users pick from a range of video products designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. One of them may be laid back and rarely active, while another may be more interactive and online in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room tips from its in-house gurus 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 may go. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that trading is a risky game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as well-equipped with managing trading however, experienced traders know how it works along with the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Tim Sykes Millionaire Mentor
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You will receive excellent training and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out if something occurs.
- 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 preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its users
- If traders decide to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, you need to have curiosity. Tim Sykes Millionaire Mentor
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources to be helpful as they do their best to incur lesser losses and perform better than before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Tim Sykes Millionaire Mentor
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the “My Trade category on the dashboard. It lets you post your trades, verifiable or not. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are 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 in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are 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 help each other learn and improve in acquiring opportunities in the stock market all over the world.
