Stock trading is an extremely risky game. On some days, you might enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to return to the point you were at your best. If you’re always in the mud You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the world, which is why we’ve found an online platform that will 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Bootcamp
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders new to trading and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing every trade, something that has never been prior to.” The concept, he added, served two goals: 1.) creating public track records for all traders, not just the gurus and newsletter authors and students as well as) making it possible for anyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Timothy Sykes Bootcamp
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed towards achieving success. It is possible to create an account on the site for free, but you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest 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 offers, which we will review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not just a way to prove your worth to a large group of traders, as you are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you may decide to share your trades, verified or not, via screenshots. 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 as well as other ways to interact with your experts through the chatroom along with 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 personality who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for under $5 for each share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you through his many years 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 throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made substantial amounts of money from their collective years of knowledge. Timothy Sykes Bootcamp
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most prominent experts were 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: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll observe him focus on fundamental catalysts for stocks and utilize 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, as well as the mobile application that is available for iOS as well as 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 most premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, this is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading 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 profits. Timothy Sykes Bootcamp
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally, you’ll also get access to premium research reports as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s break down 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 those who are just beginning their journey to the world of trading. When you sign up for this package, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even texting other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you do want to have an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. This plan allows that you can set up a private profile to share with other associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their trading skills. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders this might be a drawback for some who may be eager to try this new tier. Timothy Sykes Bootcamp
This is by far the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, with 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all options of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to pick from a range of video products that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and footage from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You are probably familiar with chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a hands-on space where experts and their members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One might be laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room advice from the in-house experts and members. Additionally, they can select from the products in its online store for them to take wherever they may travel. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that this is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as adept at managing trading however, experienced traders know the way it functions and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Timothy Sykes Bootcamp
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 a wealth of education communications, trading, and communication tools
- You will receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep an open mind. Timothy Sykes Bootcamp
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s range of resources helpful in their efforts to incur lesser loss and perform better than before. It’s not only 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 care about being more successful in trading and would like to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Bootcamp
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the ‘My Trade section of the dashboard that allows you to post your trades that are verified or not. There are three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you submit the information manually or via images, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.