Stock trading can be an exciting game with high stakes. On some days, you might be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your most productive. If you’re always in the mud it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve found a platform that can support you in your growth in the market. We’ll be taking a look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Tim Sykes Challenge Students Interview
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informative and accountable, as well as transparent and uplifting with each other through its broad range of features and tools such as trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders new to trading as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on honesty 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 stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” The concept Sykes said served two objectives: one) keeping track of public data for not just the gurus as well as newsletter writers and students, and 2) giving everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Tim Sykes Challenge Students Interview
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed toward achievement. It is possible to create an account for free, but you’re only given the ability to navigate through the leaderboard and observe the actions 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 it is necessary to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and expertise, connect to your brokerage account and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to show value to a large group of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may opt to post your trades, verified or not, via screenshots. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms and 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 place for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have earned substantial profits from their collective years of knowledge. Tim Sykes Challenge Students Interview
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers 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. Costing $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A standalone purchase in 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; 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 invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Challenge Students Interview
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile application, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform 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 Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed to this plan, you will be immediately given a slew of robust and indispensable trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per month. 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 gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader plan allows you to use the majority of features available in The Novice package. This plan allows that you can set up a private profile to share with other associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their trading skills. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view other traders’ stats this might be a drawback for those who are looking forward to this tier. Tim Sykes Challenge Students Interview
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, which includes a 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create your own private profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re looking for an account that will give you everything you need as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of more services it has to offer. One of these is its online store, which lets users select from a variety of videos created to 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 such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and footage taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You may be familiar with the chat room as you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the members there. Some may be more laid back and rarely active, while another might be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for 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. Given the wide range of options it can provide it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts as well as their members. Additionally, they can select from the products from its online store that they can take with them wherever they travel. You can also get hands-on experiences from trading within the platform, however they’ll realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to the newcomers. While the newbies may not be as well-equipped with 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 make use of Profit.ly’s variety 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 to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Tim Sykes Challenge Students Interview
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- If traders decide to post any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the many features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it’s yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you should have the ability to think with an open heart. Tim Sykes Challenge Students Interview
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s range of resources useful when they try their best to reduce loss and perform better than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become more successful in trading and would like to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Challenge Students Interview
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the My Trade’ category of the dashboard that lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are connected to 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 assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.