Stock trading is an exciting game with high stakes. Some days, you might have the benefit of positive and satisfying numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to get back to where you were your peak. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve found an option that can help you to improve your performance in the industry. In this review, we’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Tim Skyes Profitly Silver Vs Challenge
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed and accountable, as well as transparent and encouraging each other through its broad array of tools and features including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it a social media site akin like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” This idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus, but also the students and newsletter writers as well as) giving everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Tim Skyes Profitly Silver Vs Challenge
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed towards achieving the success of their business. It is possible to create an account there for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community and its gurus. You’re not just allowed to demonstrate value to a group of traders. You are also able to use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the legitimacy 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, verified or not, via screenshots. Included in Profit.ly are the vast number of trading classes as well as the ability to look at the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, along with 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 trader who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small companies to move to a market that is larger as it allows them to access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. At 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He made use of the show to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the trading experts who have made substantial profits through their years of experience. Tim Skyes Profitly Silver Vs Challenge
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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. When we take that into account Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices; email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is a great option for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for 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 total trading earnings. Tim Skyes Profitly Silver Vs Challenge
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition you’ll also gain an access to high-quality research papers and the 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 get you up and running. The platform has three membership tiers, each designed for traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign to this plan you’ll be offered a range of strong and essential trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you’re interested in gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use the majority of features available in 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 intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their trading skills. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ stats, which might be a drawback for those anticipating this level. Tim Skyes Profitly Silver Vs Challenge
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 each month and an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all options of the prior plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating your own private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of other services they provide. One of them is the online store, which allows users to pick from a range of video products that are designed to educate and guide you through the ins and outs of trading. All of the products featured in this section of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short 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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The chat rooms that are integrated are included in Profit.ly’s range of features and services. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed 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 in dealing with the members. Some may be laid back and not very often engaged, while another could be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from novices to the most experienced. With the variety of deals it offers this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able choose from the items in its online store to carry with them wherever they go. They can also gain hands-on 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 a joke.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with managing trading, the pros already understand the way it functions and the risky mix associated with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to improve 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 along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Tim Skyes Profitly Silver Vs Challenge
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call 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 main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its users
- If traders decide to make any type of trade, there is the possibility that some of them could profit from cherry-picking the best trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be an affirmative “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 in this way. Instead, you should have an open mind. Tim Skyes Profitly Silver Vs Challenge
What we are referring to”yes” is that it can be a great learning tool. People who are stuck could discover Profit.ly’s range of resources to be helpful as they do their best to avoid losses and be more successful than they did before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be more successful in trading and would like to learn from your fellows and gurus along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Tim Skyes Profitly Silver Vs Challenge
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades in the ‘My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is shown 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 unauthentic trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.