Stock trading is an exciting game with high stakes. On some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your best. If you find yourself always in the mud You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the world, which is why we’ve found an option that can help you to improve your performance in the market. We’ll be taking the time to look at Profit.ly is a well-known 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 Tim Sykes Lifetime Challenge
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informed responsible, transparent, and to build relationships with each other by offering a wide range of features and tools like chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter authors and students, and 2) giving all users to learn from both losses and wins to benefit the industry of trading. Tim Sykes Lifetime Challenge
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared toward the success of their business. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of the performance of the trading community and its experts. It’s not just a way to demonstrate that you’re worthy to the community of traders. You can also utilize Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile and other methods to connect with your gurus via chatrooms in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” is a small business’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 to a market that is larger as it gives them access to funds from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trader. At 25 years old, he had been given more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned substantial profits from their combined years of experience. Tim Sykes Lifetime Challenge
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the prominent experts were 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 this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $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 anticipate the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, texts, emails and push alerts; and a daily stock watchlist.
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 monthly, this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, such as swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Lifetime Challenge
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally, you’ll also get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign up for this package, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. You can’t create a private account, making your actions public. If you do want to gain access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the Novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their trading skills. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to see other traders’ stats, which could be a problem for some who may be anticipating this level. Tim Sykes Lifetime Challenge
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, and a 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all features from the two prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create an individual profile. These two features are in addition to the benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, where customers can choose from a wide array of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and exchange 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 more laid back and rarely active, while another may be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can select from the products on its store online to carry with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to those who are just starting. Although the novices might not be as adept at handling trading matters but the experts already know how it works and the plethora of risks associated with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Trade professionals who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to navigate them through the ever-changing trading process. Tim Sykes Lifetime Challenge
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You will receive excellent training and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous packages and products offered may not be enough for most of its users
- If traders decide to post any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have curiosity. Tim Sykes Lifetime Challenge
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources to be helpful in their efforts to avoid losses and be more successful than 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 care about being more successful in trading and would like to be taught by your fellows and gurus along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Lifetime Challenge
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you submit it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities left and right.