Stock trading can be a high-stakes game. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your most productive. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve identified an option that can help you in your growth within the field. In this review, we’ll take an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes 30 Day Bootcamp
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed responsible, transparent, and encouraging one another through its wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those new to trading and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad variety of tools to facilitate trade and communication that help traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” The concept was, he said, serving two objectives: one) making public records for all traders, not just the gurus as well as newsletter writers and students, and 2) giving anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Timothy Sykes 30 Day Bootcamp
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared towards achieving achievement. You can create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at how the community of traders performs and its experts. It’s not just a way to prove 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 confident of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging the details of your broker account then you could decide to share your trades, whether verified or not, by taking photographs. Also included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
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Meet 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 the term “penny stock” is a small business’s shares that trade for less than $5 per share. Penny stock trading can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. When he was 25 years old Sykes was given more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place for 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 variety of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial profits from their collective years of expertise. Timothy Sykes 30 Day Bootcamp
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on the 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, email, text 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 program. It costs $149.95 monthly, it is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, including alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes 30 Day Bootcamp
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile app, daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you started. 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.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. Once you have signed up for this plan you’ll be given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what we call a competitive procedure in its own.
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 as well as leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you’re looking to get an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. It is in this plan that you can create an account that is private for sharing with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their trading skills. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics, which might be a drawback for some who may be looking forward to this tier. Timothy Sykes 30 Day Bootcamp
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, which includes an additional 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all the options of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the option of creating a private profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few other services they provide. One of these is its online store, which lets users pick from a range of instructional videos that are designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a area where experts and member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. One might be laid back and less active, while another might be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able choose from the items from its online store that they can take with them wherever they may go. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to them as the newcomers. While novice traders may not be as proficient in dealing with trading issues, the pros already understand how it works along with the risky mix associated with it. Ideally, they may use Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes 30 Day Bootcamp
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them could profit from selecting the best trades in order to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes 30 Day Bootcamp
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s variety of resources to be helpful in their efforts to avoid losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become more successful in trading and would like to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes 30 Day Bootcamp
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade’ category of the dashboard which lets you post your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is the chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities left and right.