Stock trading can be a high-stakes game. Some days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to return to where you were at your peak. If you find yourself always in the mud You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you to improve your performance within the field. This review will be taking the time to 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.
Overall Rating: 4.1/5 Tim Sykes Upside Down Challenge
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade and letting traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines that the site. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The idea, he added, served two goals: 1.) making public records for not just the gurus and newsletter authors and students, and 2) allowing all users to be enlightened by both the wins and losses to benefit the industry of trading. Tim Sykes Upside Down Challenge
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared toward success. You can create an account on the site for free, but you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group and its gurus. It’s not just a way to prove value to a group of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, whether verified or not, by taking photographs. Also included in Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile, and more ways to interact with your experts via chatrooms along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. Penny stock trading can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access capital from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency 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 learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have earned substantial profits from their combined years of knowledge. Tim Sykes Upside Down Challenge
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this 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 Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, such as swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Upside Down Challenge
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access to the 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
At $247/month, you get additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include 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. It also allows you to be onto leaderboards; study, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re looking to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to use a majority of features from the Novice plan. In this plan, that you can set up a private profile to share with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their skills in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ statistics this might be a drawback for those anticipating this level. Tim Sykes Upside Down Challenge
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes a 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create your own private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, which lets users choose from a wide array of videos designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You may be 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 support. But on Profit.ly the chat room is viewed as a real-time space where experts and their members trade and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members. Some may be a laid-back person who is rarely engaged, while another could be more interactive and online with their students. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to choose from the items from its online store for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, however, they will soon learn that this is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know how it works along with the risky mix that it carries. Ideally, they may utilize Profit.ly’s array of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Tim Sykes Upside Down Challenge
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its customers
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, you need to have the ability to think with an open heart. Tim Sykes Upside Down Challenge
What we are referring to”yes” is that it can be a great learning tool. People who are stuck may find Profit.ly’s variety of resources to be helpful as they do their best to reduce losses and perform better than before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be a better trader and want to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Upside Down Challenge
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the “My Trade category on the dashboard which lets you record your trades that are verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market left and right.
