Stock trading is a high-stakes game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your most productive. If you are always in the mud it is important be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you in your growth in the market. In this review, we’ll be taking an in-depth 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.
Overall Rating: 4.1/5 How Does The Millionare Challenge Work Timothy Sykes
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative and accountable, as well as transparent and encouraging one another through its wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are starting out and as a hub for traders who are experienced to monitor 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 all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Consider it a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus and newsletter authors and students, and 2) making it possible for everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. How Does The Millionare Challenge Work Timothy Sykes
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared at achieving success. You can create an account at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned 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 prove your worth to a community of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you may opt to post your trades, either verified or not, by taking screenshots. Included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms as well as 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 has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks is an opportunity for small businesses to transition to a market that is larger as it gives them access to capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as a trader. At the age of 25, he had been given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made substantial profits from their combined years of experience. How Does The Millionare Challenge Work Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the most famous gurus 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 this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, it is a great option for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, including swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. How Does The Millionare Challenge Work Timothy Sykes
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
The list of features you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in get an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to develop their skills in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics this could be a problem for some who may be anticipating this level. How Does The Millionare Challenge Work Timothy Sykes
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. At $74.95 each month which includes an additional 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the features of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating a private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to select from a variety of videos created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you will see it on social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. One of them may be a laid-back person who is not very often active, while another might be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room tips from the in-house experts and members. Additionally, they can select from the products in its online store that they can take with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited to people who are just beginning. While the newbies may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the stack full of risks that come with it. It is ideal to make use of Profit.ly’s range of features to their full advantage to enhance their trading abilities. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. How Does The Millionare Challenge Work Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for every person
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- 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: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used for this reason. Instead, you should have the ability to think with an open heart. How Does The Millionare Challenge Work Timothy Sykes
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s range of resources useful as they do their best to reduce loss and perform better than before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you really want to become better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ How Does The Millionare Challenge Work Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the “My Trade’ category of the dashboard that lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot 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 is a high likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market left and right.