Stock trading can be an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your best. If you find yourself always in the mud it is important be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified an online platform that will help you to improve your performance in the market. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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 Is The Tim Sykes Challenge
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as it is 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 an appearance in Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” The idea Sykes said served two purposes: 1) making public records for all traders, not just the gurus and newsletter writers and students and secondly) giving everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. How Much Is The Tim Sykes Challenge
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group and its experts. It’s not only a chance to show value to a group of traders, as you can also utilize Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, whether verified or not, by taking pictures. In Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account as well as other ways to interact with your experts via chatrooms as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The penny stock market can be seen as an avenue for small companies to move to a market that is larger as it gives them access to capital from the 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 experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as a trader. At 25 years old, he had been given more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make significant amounts of profit from their collective years of expertise. How Much Is The Tim Sykes Challenge
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field 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: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on basic stock catalysts and employ 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 application that is available to iOS and Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month it is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. How Much Is The Tim Sykes Challenge
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition you’ll also gain access to premium research reports and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. Once you have signed up for this plan you’ll be offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you do want to 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 plan allows you to use the majority of features available in The Novice package. In this plan, that you can create a private profile to share with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their trading skills. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats this could be a problem for some who may be eager to try this new tier. How Much Is The Tim Sykes Challenge
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 each month which includes 22% off when billed annually, this tier has it all. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create your own private profile. Both of these features, on top of all the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few more services it has to offer. One of these is its online store, where customers can pick from a range of videos that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with the concept of chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a hands-on area where experts and members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. One might be laid back and not very often engaged, while another could be more active and in touch in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and their members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a risky game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to those who are just starting. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works and the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to develop their trading skills. As beginners, they are able to learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. How Much Is The Tim Sykes Challenge
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic 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 wide array of subscription levels and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s numerous packages and products offered may seem overwhelming for a lot of its users
- Since traders can choose to make any type of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you need to have an open mind. How Much Is The Tim Sykes Challenge
What we mean”yes” is that it can be a great learning tool. Those who may be stuck might find Profit.ly’s variety of resources to be helpful when they try their best to avoid losses and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ How Much Is The Tim Sykes Challenge
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the ‘My Trade category on the dashboard that lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having 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 at the top of the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are using 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 help each other grow and learn more about acquiring opportunities in the stock market both right and left.