Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it can be very difficult to get back to the point you were at your most productive. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve found a platform that can support you in your growth in the industry. We’ll be taking a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Millionaire Student Challenge
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 allows traders of different levels to be informative, transparent, accountable, and to build relationships with each other through its broad array of tools and features such as trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast array of options for trade and communication that help traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries that the site. Think of it as a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” The concept Sykes said served two purposes: 1) creating public track records for everyone, not just the experts, but also the newsletter writers and students and secondly) making it possible for all users to learn from the losses and wins to the benefit of the trading industry. Tim Sykes Millionaire Student Challenge
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed toward achievement. You can create an account for free, but you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a look at the performance of the trading community and its gurus. You’re not just allowed to demonstrate that you’re worthy to the community of traders, as you are also able to use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could opt to post your trades, either verified or not, via screenshots. Included in Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account and other methods to interact with your experts via chatrooms in addition to notifications via email or text 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 his efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. The trading of penny stocks is a stepping stone for small companies to move into a larger market because it gives them access to capital from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trading professional. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have made significant amounts of profit from their combined years of experience. Tim Sykes Millionaire Student Challenge
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
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 program. Priced at $149.95 per month, this is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans including alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Millionaire Student Challenge
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that cater to traders with different levels. Let’s break down what these 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 people who are brand new to the world of trading. Once you have signed up for this package you’ll be provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your hands on what we could call a ruthless process by itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from many of the features of 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 intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their expertise in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to see the statistics of other traders that might be a drawback for some who may be eager to try this new tier. Tim Sykes Millionaire Student Challenge
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, with 22% off when billed annually, this tier has it all. You get full, no-holds-barred access to all features from the two previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the chance to create a private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which allows users to select from a variety of video products created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all 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 as well part of Profit.ly’s array of features and services. You are probably familiar with chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. One of them may be more laid back and less engaged, while another could be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suited to those who are just starting. Although the novices might not be as adept at handling trading matters but the experts already know how it works and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s array of features to their best advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Tim Sykes Millionaire Student Challenge
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase 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 unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s numerous products and packages offered might be too much for the majority of its users
- If traders decide to make any type of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you need to have an open mind. Tim Sykes Millionaire Student Challenge
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and be more successful than before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become better at trading and wish to learn from your peers and experts on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Tim Sykes Millionaire Student Challenge
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the “My Trade category on the dashboard that lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the blue check mark. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
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 assist each other to learn and improve in acquiring opportunities on the stock market both right and left.
