Stock trading can be an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be very difficult to return to the point you were at your best. If you find yourself immersed in the water it is important to recognize that relying on instinct and survival is not always enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the market. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 How Much Does Timothy Sykes Millionaire Challenge Cost
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 all levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools such as trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are starting out and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent 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 platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was based “on showing all trades, something that has never been prior to.” The concept Sykes said served two goals: 1.) making public records for everyone, not just the experts and students and newsletter writers as well as) giving all users to learn from both the wins and losses to benefit the industry of trading. How Much Does Timothy Sykes Millionaire Challenge Cost
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared at achieving achievement. You may set up an account on the site for free, but you’re limited to 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 what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs and its gurus. It’s not only a chance to show your worth to a group of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of sharing your brokerage account, then you could decide to share your trades, whether verified or not, by taking screenshots. In Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, as well as 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 guru who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The penny stock market could be viewed as an avenue for small businesses to transition to a market that is larger as it allows them to access capital from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell through his many years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as a trader. At 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise 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 sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have made substantial amounts of money from their collective years of expertise. How Much Does Timothy Sykes Millionaire Challenge Cost
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on the 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 we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A purchase on its own 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; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. How Much Does Timothy Sykes Millionaire Challenge Cost
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally you’ll also gain the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign up for this package you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
The list of features you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, there is a downside. You can’t create a private account, making your personal information public. If you’re interested in get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. In this plan, that you can create an account that is private to share with other associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their expertise in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able to view other traders’ stats this might be a drawback for those who are anticipating this level. How Much Does Timothy Sykes Millionaire Challenge Cost
Pro Plan
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 each month and 22% off for billing annually, this tier has everything. It gives you full, unlimited access to all options of the previous plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating your own private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few other services they offer. One of them is the online store, which lets users select from a variety of instructional videos that are created to provide guidance on the ins and outs of trading. The products listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You are probably familiar with chat rooms since you can see it across messaging and social platforms, as well as some specialty 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 share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. One might be a laid-back person who is not very often engaged, while another could be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will get daily videos and chat room tips by its internal gurus and their members. They’ll also be able to select from the products in its online store that they can take with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as adept at dealing with trading issues, the pros already understand the way it functions and the stack full of risks associated with it. It is ideal to use Profit.ly’s range of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the top 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 or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. How Much Does Timothy Sykes Millionaire Challenge Cost
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready 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 dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- As traders may opt to make any type of trade, there’s a possibility that some of them will profit by selecting the best trades in order to increase the rating this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep an open mind. How Much Does Timothy Sykes Millionaire Challenge Cost
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources to be helpful in their efforts to avoid loss and perform better than they did before. Not only struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really want to become a better trader and want to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ How Much Does Timothy Sykes Millionaire Challenge Cost
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the “My Trade section of the dashboard that lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- 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 through a reliable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your friends and 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 dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
