Stock trading is a high-stakes game. On some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your most productive. If you’re immersed in the water, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance within the field. This review will be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Does Tim Sykes Challange Application Cost Money
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed and accountable, as well as transparent and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people who are starting out and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools to facilitate trade and communication that help traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The concept, he added, served two objectives: one) making public records for all traders, not just the gurus, but also the newsletter writers and students and secondly) allowing anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Does Tim Sykes Challange Application Cost Money
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared towards achieving the success of their business. It is possible to create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into how the community of traders performs as well as its experts. It’s not just a way to demonstrate your worth to a large group of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of divulging the details of your broker account you can opt to post your trades, verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile and other methods to interact with your experts via chatrooms along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in the penny-stock market. 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 is an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial profits from their collective years of knowledge. Does Tim Sykes Challange Application Cost Money
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. 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 there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to 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 premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, this is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for 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 profits. Does Tim Sykes Challange Application Cost Money
The Superman Alerts plan is his package of vital features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market updates in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you started. The platform has three membership levels, each designed for traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. When you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what we call a competitive process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even chatting with other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you do want to get access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows you to use a majority of features from the novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ statistics, which could be a disadvantage for those who are looking forward to this tier. Does Tim Sykes Challange Application Cost Money
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. With $74.95 per month, which includes 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the options of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of more services it has to provide. One of those is its online store, which lets users pick from a range of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and clips of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You are probably familiar with chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a area where experts and members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. Some may be laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on 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. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they travel. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable to the newcomers. Although the novices might not be as proficient in handling trading matters however, experienced traders know how it works along with the stack full of risks that it carries. It is ideal to use Profit.ly’s variety of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Does Tim Sykes Challange Application Cost Money
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority 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 may be a concern that should not be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be yes. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, you should have an open mind. Does Tim Sykes Challange Application Cost Money
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s array of resources to be helpful in their efforts to reduce losses and perform better than before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Does Tim Sykes Challange Application Cost Money
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion under the My Trade category on 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 then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is shown by the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market both right and left.