The stock market can be an extremely risky game. On certain days, you may have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be extremely difficult to get back to the point you were at your peak. If you find yourself constantly stuck in the gutter You will need to realize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners 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 be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Is Timothy Sykes Challenge Worth It
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed responsible, transparent, and to build relationships with one another through its wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those new to trading as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never previously done.” The idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus and students and newsletter writers, and 2) allowing everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Is Timothy Sykes Challenge Worth It
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of features and services aimed toward achievement. It is possible to create an account there at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Making an account simple: Create an account with your experience and skills, join your brokerage account, and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to prove that you’re worthy to the community of traders, but you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the credibility of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile and other methods to communicate with your gurus via chatrooms along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At the age of 25 Sykes was given more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial amounts of money through their years of experience. Is Timothy Sykes Challenge Worth It
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: the founder as well as 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 packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app 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 most premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, it is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Is Timothy Sykes Challenge Worth It
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. On top of that, you’ll also get an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed to this plan you’ll be given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. 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, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use many of the features of the novice plan. In this plan, that you can create a private profile to share with other associates all your insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their trading skills. Although it’s a nice thing but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able to see other traders’ stats this could be a disadvantage for some who may be anticipating this level. Is Timothy Sykes Challenge Worth It
This is by far the highest premium package that Profit.ly can offer to experienced traders. At $74.95 each month and an additional 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all the features of the previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the chance to create your own private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of other services they provide. One of these is its online store, which allows users to choose from a wide array of video products designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like the “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 products from other expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You are probably familiar with the chat room as you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be laid back and less active, while another might be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room advice by its internal gurus and members. They’ll also be able to choose from the items in its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as proficient in handling trading matters however, experienced traders know the way it functions and the plethora of risks that come with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to develop their trading skills. Like beginners, they can learn from the experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Is Timothy Sykes Challenge Worth It
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly benefit from the many features the platform is able to offer
The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, you should have an open mind. Is Timothy Sykes Challenge Worth It
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may find Profit.ly’s array of resources useful when they try their best to reduce loss and perform better than they did before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Is Timothy Sykes Challenge Worth It
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the “My Trade section of the dashboard. It lets you post your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is evident by the small blue check. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.