Stock trading can be an extremely risky game. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be very difficult to return to the point you were at your best. If you are immersed in the water, you will have to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance in the industry. We’ll be taking the time to look at Profit.ly is a well-known 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 Tim Sykes 6 Week Challenge
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools such as chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders new to trading as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established in the past 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 stated that Profit.ly was based “on showing all trades, something that was never prior to.” The idea, he added, served two goals: 1.) making public records for all traders, not just the gurus and newsletter writers and students as well as) giving all users to learn from both the wins and losses to the benefit of the trading industry. Tim Sykes 6 Week Challenge
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared toward the success of their business. It is possible to create an account on the site for free, but you’re limited to the capability to browse the leaderboard and observe the activities of non-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 join one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs and its gurus. It’s not only a chance to demonstrate that you’re worthy to the group of traders, as you are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account then you could decide to share your trades, either verified or otherwise, through photographs. In Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts via chatrooms as well as email and text alerts as well as 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 is an opportunity for small businesses to transition into a larger market because it allows them to access capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trading professional. At the age of 25 Sykes was given greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a platform for openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make substantial profits through their years of knowledge. Tim Sykes 6 Week Challenge
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, texts, emails, 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 version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month this is a great option for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans such as alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes 6 Week Challenge
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you going. The platform has three membership levels, 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 beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. As you sign up for this plan you’ll be provided with a variety of powerful and vital trading tools, all of which is essential to keep your fingers on what could call a ruthless process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use a majority of features from the novice plan. In this plan, that you can create a private profile for sharing with fellow associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able to view other traders’ stats that could be a disadvantage for those looking forward to this tier. Tim Sykes 6 Week Challenge
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 each month which includes an additional 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of these is its online store, which lets users select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage taken from 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 variety of features and services. You are probably familiar with chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. Some may be a laid-back person who is not very often engaged, while another could be more interactive and online 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 wide range of products and features caters to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able choose from the items in its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to the newcomers. While novice traders may not be as adept at handling trading matters but the experts already know the way it functions and the stack full of risks that come with it. It is ideal to utilize Profit.ly’s range of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Tim Sykes 6 Week Challenge
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some 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, as the premium customers will immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of the answer, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you should have curiosity. Tim Sykes 6 Week Challenge
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources to be helpful as they do their best to avoid loss and perform better than before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you truly want to become more successful in trading and would like to learn from your peers and experts throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Tim Sykes 6 Week Challenge
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the “My Trade category on the dashboard which lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.