Stock trading is an extremely risky game. On some days, you could be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to return to where you were at your peak. If you’re immersed in the water it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve identified an online platform that will help you in your growth in the market. This review will be taking an in-depth look at Profit.ly, a well-recognized 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 Off Road Challenge
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries that the site. Consider it the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two objectives: one) creating public track records for not just the gurus as well as newsletter authors and students and secondly) giving everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Tim Sykes Off Road Challenge
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward achievement. You can create an account there at no cost, however you’re only limited to having access to the leaderboard and follow 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 will need to join one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself the chance to climb your way to the top of 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. You’re not just allowed to show that you’re worthy to the group of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can choose to publish your trades, verified or otherwise, through photographs. Also included in Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account, and more ways to interact with your experts in the chatroom, 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 has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks is an avenue for small businesses to transition to a large marketplace as it gives them access to capital from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have earned substantial amounts of money from their collective years of experience. Tim Sykes Off Road Challenge
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: Founder and 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 can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices; texts, emails 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. Priced at $149.95 for a month this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans including alerts for swing trading and access to a library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both 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 total trading profits. Tim Sykes Off Road Challenge
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
The film “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 the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As 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 fingers on what can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. This plan allows that you can set up a private profile to share with fellow associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to improve their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders this could be a problem for those who are eager to try this new tier. Tim Sykes Off Road Challenge
Pro Plan
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. With $74.95 per month, and a 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all options of the previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create an individual profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, which allows users to select from a variety of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and footage taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly it’s seen as a hands-on space where experts and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. Some may be more laid back and not very often active, while another may be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and their members. Additionally, they can select from the products on its store online to carry with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a risky game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as proficient in handling trading matters, the pros already understand how it works along with the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like novices, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to guide them through the ever-illustrious trading process. Tim Sykes Off Road Challenge
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its users
- If traders decide to post any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Off Road Challenge
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck might be able to find Profit.ly’s variety of resources to be helpful in their efforts to avoid loss and perform better than before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be more successful in trading and would like to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Off Road Challenge
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the ‘My Trade section of the dashboard that lets you record your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, 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 left and right.
