Stock trading is an extremely risky game. On some days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be very difficult to get back to the point you were at your best. If you are immersed in the water, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered loss 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 trading partners from all over the world, which is why we’ve discovered an online platform that will help you in your growth in the industry. This review will be taking the time to look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Timothy Sykes Millionaire Challenge
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative responsible, transparent, and to build relationships with each other through its broad array of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was based “on showing every trade, something that was never done before.” The concept was, he said, serving two objectives: one) creating public track records for 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 the wins and losses for the trading industry’s benefit. Timothy Sykes Millionaire Challenge
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared towards achieving the success of their business. It is possible to create an account for free, but you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into their performance as a trading group as well as its gurus. It’s not only a chance to prove value to a group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you are unsure about the concept of leaking the details of your broker account then you could choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made significant amounts of profit from their collective years of expertise. Timothy Sykes Millionaire Challenge
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche in the trading industry. Some of the prominent experts 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: 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 packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will observe him focus on fundamental stock catalysts and use 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 and the mobile application that is available on 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 version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is a great option for those who are committed to 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 collection of more than 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Millionaire Challenge
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. In addition you’ll also gain access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this package you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your hands on what we could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to use a majority of features from the novice plan. In this plan, that you can create a private profile to share with other associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to harness their trading skills. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able to view other traders’ statistics this could be a problem for those eager to try this new tier. Timothy Sykes Millionaire Challenge
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and an additional 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all the features from the two previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating an individual profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, where customers can choose from a wide array of video products created to guide you through 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 trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members. One of them may be laid back and less active, while another might be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from novices to the most experienced. With the variety of deals it offers it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products from its online store that they can take with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that the process is a risky game that should not be viewed as a joke.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable to the newcomers. Although the novices might not be as adept at handling trading matters, the pros already understand how it works and the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can study from the gurus 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! Trade professionals who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Millionaire Challenge
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for most of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users will immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Millionaire Challenge
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources useful when they try their best to incur lesser loss and perform better than they did before. Not only struggling traders who will benefit 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 on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Millionaire Challenge
How can you make use of Profit.ly to post your trades?
Profit.ly includes an entry section for trades within the “My Trade category on the dashboard. It lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.
