Stock trading is a high-stakes game. Some days, you may enjoy the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it could be very difficult to get back to the point you were at your most productive. If you find yourself always in the mud, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you in your growth within the field. We’ll be taking an in-depth 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 Timothy Sykes Challenge Cost
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 knowledgeable responsible, transparent, and encouraging one another through its wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” This idea, he added, served two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter writers and students as well as) making it possible for all users to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Challenge Cost
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared toward the success of their business. You can create an account there at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of their performance as a trading group as well as its experts. It’s not only a chance to show value to a group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you can decide to share your trades, verified or not, by taking photographs. In Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market can be seen as an avenue for small businesses to transition to a large marketplace as they can access funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trading professional. When he was 25 years old, he had been given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of 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 amazing features is the vast array of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial amounts of money from their collective years of knowledge. Timothy Sykes Challenge Cost
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, which includes alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for 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 profits. Timothy Sykes Challenge Cost
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, and email and SMS alerts.
In “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 the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally you’ll also have an access to high-quality research papers and 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 tools to get you started. Profit.ly offers three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed up for this plan you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what could call a ruthless process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort and filter your trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you’re looking to gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. It is in this plan that you can create an account that is private to share with other associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their expertise in trading. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able to see other traders’ stats this could be a problem for some who may be looking forward to this tier. Timothy Sykes Challenge Cost
Pro Plan
This is by far the most premium package that Profit.ly offers to experienced traders. At $74.95 each month and an additional 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all features from the two previous plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create a private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few additional services that it can provide. One of them is the online store, which lets users select from a variety of video products that are designed to educate and guide you through the ins and outs of trading. The products listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and clips taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You’re probably familiar with the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a hands-on space where experts and their members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. One of them may be more laid back and not very often active, while another might be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it offers it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may go. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that the process is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as well-equipped with managing trading but the experts already know how it works along with the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. Like novices, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Challenge Cost
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet 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 is truly something for every person
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for a lot of its users
- Since traders can choose to post any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the number of services that the platform can provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you should have curiosity. Timothy Sykes Challenge Cost
What we mean”yes” is that it could be a useful learning tool. People who are stuck could find Profit.ly’s array of resources helpful when they try their best to incur lesser losses and be more successful than before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your mentors and peers along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Timothy Sykes Challenge Cost
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 category on the dashboard that allows you to post your trades, either verified or not. There are three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
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 is compatible with most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.
