The stock market can be a high-stakes game. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be extremely difficult to get back to the point you were at your most productive. If you find yourself always in the mud it is important to realize that relying on pure instinct and preservation may not always be 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 globe, which is why we’ve found a platform that can support you to improve your performance within the field. We’ll take a look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Does The Timothy Sykes Challenge Cost Anything
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those new to trading and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Consider it the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that was never done before.” The idea, he added, served two objectives: one) creating public track records for all traders, not just the gurus and students and newsletter writers, and 2) making it possible for anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Does The Timothy Sykes Challenge Cost Anything
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of tools and services that are geared at achieving the success of their business. You can create an account for free, but you’re only given the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing 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 go over shortly.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to prove your worth to a community 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 credibility of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, verified or not, via screenshots. In Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile and other methods to interact with your experts through the chatroom as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because it allows them to access capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell because of his decades of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial profits from their collective years of expertise. Does The Timothy Sykes Challenge Cost Anything
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: the founder as well as penny-stock trader 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: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices; text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: 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 per month, this is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Does The Timothy Sykes Challenge Cost Anything
The Superman Alerts package is his offering of essential 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 application, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the field, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed to this plan you’ll be offered a range of strong and essential trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits; leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort or filter the trades you make; and lastly, look at other’s stats.
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 account, making your personal information public. If you’re looking to get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from the novice plan. In this plan, that you can set up a private profile to share with other associate users all the insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to develop their expertise in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ stats this might be a drawback for some who may be eager to try this new tier. Does The Timothy Sykes Challenge Cost Anything
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 each month which includes an additional 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all options of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the chance to create your own private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which allows users to choose from a wide array of video products that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed on this page of the website can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room as you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on area where experts and members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. Some may be a laid-back person who is less active, while another might be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room advice by its internal gurus and their members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Does The Timothy Sykes Challenge Cost Anything
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you need to have curiosity. Does The Timothy Sykes Challenge Cost Anything
What we do mean”yes” is it is a fantastic learning tool. People who are stuck may discover Profit.ly’s range of resources useful when they try their best to avoid losses and be more successful than they did before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become 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 Does The Timothy Sykes Challenge Cost Anything
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 section of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you submit it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
