Stock trading is an extremely risky game. On some days, you could enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to the point you were at your most productive. If you are constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you in your growth within the field. This review will be taking a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 How Much Does Timothy Sykes Student Challenge Cost
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders who are starting out and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was based “on showing all trades, something that has never been previously done.” The idea, he added, served two purposes: 1) making public records for everyone, not just the experts as well as newsletter writers and students as well as) making it possible for everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. How Much Does Timothy Sykes Student Challenge Cost
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared at achieving success. You can create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and follow 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 it is necessary to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at how the community of traders performs and its gurus. It’s not just a way to show that you’re worthy to the group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account then you could decide to share your trades, either verified or not, via photographs. Also included in Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, in addition to 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 personality who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small businesses to transition to a market that is larger as 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 will be able to tell you through his many years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. At 25 years old Sykes was given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete against 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 platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial profits from their collective years of expertise. How Much Does Timothy Sykes Student Challenge Cost
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to predict the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices; text, e-mail and push alerts and a daily stock watchlist.
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 investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. How Much Does Timothy Sykes Student Challenge Cost
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that you’ll also gain an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign up for this package you’ll be given a slew of robust and vital trading tools, each one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in have an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from a majority of features from The Novice package. This plan allows that you can set up a private profile to share with fellow associate users all the insights 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 improve their trading skills. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able view other traders’ stats that could be a problem for those who are eager to try this new tier. How Much Does Timothy Sykes Student Challenge Cost
Pro Plan
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, which includes a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features from the two previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating an individual profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for an account that will give you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of other services they offer. One of these is its online store, which allows users to pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls 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, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and footage from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You may be familiar with the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One of them may be laid back and less engaged, while another could be more active and in touch in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice by its internal gurus as well as their members. Additionally, they can choose from the items from its online store that they can take with them wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that this 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 line, we see Profit.ly equally suitable to those who are just starting. Although the novices might not be as adept at managing trading however, experienced traders know the way it functions and the risky mix that it carries. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. How Much Does Timothy Sykes Student Challenge Cost
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training 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 and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for most of its customers
- As traders may opt to make any type of trade, there is 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 offer refunds as its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand 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 an open mind. How Much Does Timothy Sykes Student Challenge Cost
What we are referring to”yes” is it can be a great learning tool. People who are stuck could find Profit.ly’s array of resources to be helpful as they do their best to avoid losses and perform better than before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ How Much Does Timothy Sykes Student Challenge Cost
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the ‘My Trade category on the dashboard that allows you to post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade is authentic 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 blue check mark. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of 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 be listed in the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via 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 is currently home to over 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities in the stock market left and right.
