Stock trading can be an extremely risky game. On some days, you could have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to where you were your peak. If you find yourself always in the mud You will need to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring 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 colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your growth in the market. This review will take an in-depth 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 Challenge Pricing
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of different levels to be informed and accountable, as well as transparent and encouraging one another through its wide array of tools and features like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” The idea Sykes said served two purposes: 1) making public records for everyone, not just the experts and students and newsletter writers and secondly) making it possible for all users to learn from both losses and wins for the trading industry’s benefit. Tim Sykes Challenge Pricing
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared at achieving achievement. You may set up an account for free, but you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community and its gurus. You’re not just allowed to prove your worth to a group of traders, but 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 assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you can opt to post your trades, either verified or not, by taking pictures. Included in Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account, and more ways to interact with your experts via chatrooms along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as an avenue for small companies to move into a larger market because it allows them to access capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades 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 earnings through his lengthy career as trading professional. At the age of 25, he had been given greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of experience. Tim Sykes Challenge Pricing
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
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 package. Priced at $149.95 per month, it is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both 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. Tim Sykes Challenge Pricing
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally, you’ll also get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager 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 up and running. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed up for this plan you’ll be given a slew of robust and essential trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following, and even messaging other traders; and providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, 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 might look appealing just by the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from The Novice package. This plan allows that you can set up a private profile for sharing with fellow associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their trading skills. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ statistics, which might be a drawback for those eager to try this new tier. Tim Sykes Challenge Pricing
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month and a 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all options of the prior plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create your own private 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 trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You may be familiar with chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly, it is seen as a hands-on space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. One might be a laid-back person who is rarely active, while another might be more active and in touch to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from novices to the most experienced. With the variety of deals it offers, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus and members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they may go. You can also get hands-on experiences by trading through the platform, however, they will soon learn that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as adept at dealing with trading issues, the pros already understand the way it functions and the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. Like novices, they can learn from the top experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Tim Sykes Challenge Pricing
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe 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 live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for most of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with the answer, it’s yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep an open mind. Tim Sykes Challenge Pricing
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s range of resources to be helpful when they try their best to incur lesser losses and perform better than they did before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become more successful in trading and would like to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Challenge Pricing
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the ‘My Trade section of the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market all over the world.
