Stock trading is an exciting game with high stakes. On some days, you may have the benefit of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to where you were your best. If you’re immersed in the water it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve identified a platform that can support you in your improvement in the industry. We’ll take the time to 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. 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 Millionaire Challenge Review
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders new to trading and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” This idea, he added, served two goals: 1.) creating public track records for everyone, not just the experts as well as newsletter writers and students as well as) allowing everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Timothy Sykes Millionaire Challenge Review
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared toward achievement. It is possible to create an account on the site for free, but 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 subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs and its gurus. You’re not just allowed to prove value to a group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, then you could decide to share your trades, verified or otherwise, through pictures. Also included in Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus in the chatroom, along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at less than $5 per share. Penny stock trading is an avenue for small businesses to transition to a market that is larger as it gives them access to money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place for openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have made substantial profits from their collective years of expertise. Timothy Sykes Millionaire Challenge Review
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on this 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 take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices; texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, this is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Millionaire Challenge Review
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also have an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what call a competitive procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you do want to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows users to benefit from a majority of features from the novice plan. In this plan, that you can create an account that is private to share with fellow associates all your insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their skills in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able view the statistics of other traders this might be a drawback for some who may be looking forward to this tier. Timothy Sykes Millionaire Challenge Review
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, with a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of other services they provide. One of them is the online store, where customers can select from a variety of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are also part of Profit.ly’s array of services and features. You may be familiar with the concept of chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. Some may be a laid-back person who is less active, while another may be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. They’ll also be able 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 ultimately, they will soon learn that trading is a high stakes game that shouldn’t be treated as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works along with the plethora of risks associated with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to enhance their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders in order to guide them through the ever-illustrious trading process. Timothy Sykes Millionaire Challenge Review
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its users
- Since traders can choose to open any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the number of services the platform has to provide
The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s yes. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Millionaire Challenge Review
What we mean”yes” is it could be a useful learning tool. People who are stuck might discover Profit.ly’s variety of resources useful as they do their best to reduce losses and perform better than 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!
If you really care about being more successful in trading and would like to be taught by your fellows and gurus on the way, look no further – Profit.ly may be a great choice to start.
FAQ Timothy Sykes Millionaire Challenge Review
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the ‘My Trade’ category of the dashboard that allows you to post your trades, either verified or not. There are three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring stock market opportunities both right and left.