The stock market can be an extremely risky game. Some days, you could have the benefit of pleasing and positive numbers. On other days it could be the reverse and it can be very difficult to get back to where you were your best. If you are immersed in the water it is important to realize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve discovered a platform that can support you in your growth within the field. In this review, we’ll take the time to look at Profit.ly, a well-recognized all-in-one 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 Timothy Sykes 30 Day Bootcamp Student Portal
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide range of features and tools like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people new to trading and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that was never done before.” The concept was, he said, serving two purposes: 1) making public records for everyone, not just the experts and students and newsletter writers, and 2) allowing anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes 30 Day Bootcamp Student Portal
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared at achieving the success of their business. It is possible to create an account at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a look at how the community of traders performs and its gurus. You’re not just allowed to demonstrate that you’re worthy to the community of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you can decide to share your trades, verified or not, via screenshots. Included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms in addition to email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market is a stepping stone for small companies to move into a larger market because they can access funds from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their combined years of expertise. Timothy Sykes 30 Day Bootcamp Student Portal
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on 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 most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes 30 Day Bootcamp Student Portal
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed to this plan, you will be immediately given a slew of robust and vital trading tools, all 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 do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows you to use the majority of features available in the Novice plan. It is in this plan that you can set up a private profile to share with other associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able to see other traders’ stats that might be a drawback for those anticipating this level. Timothy Sykes 30 Day Bootcamp Student Portal
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. With $74.95 monthly, and a 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the options of the previous plans.
Not only do you get to view other people’s stats and data, but you also have the chance to create an individual profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few additional services that it can offer. One of these is its online store, which allows users to pick from a range of videos that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and clips of events like the Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you will see it on social and messaging platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. Some may be laid back and not very often engaged, while another could be more active and in touch to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room tips by its internal gurus and members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable to people who are just beginning. Although the novices might not be as proficient in managing trading, the pros already understand how it works and the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to improve their trading skills. Like beginners, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices 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 similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to assist them in the ever-changing trading process. Timothy Sykes 30 Day Bootcamp Student Portal
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll 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 guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of services that the platform can offer
The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you should have curiosity. Timothy Sykes 30 Day Bootcamp Student Portal
What we do mean”yes” is it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s range of resources helpful in their efforts to reduce losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes 30 Day Bootcamp Student Portal
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the ‘My Trade’ category of the dashboard which lets you post your trades, either verified or not. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.