The stock market can be a high-stakes game. On some days, you could have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it could be extremely difficult to get back to where you were your peak. If you’re constantly stuck in the gutter You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve found an option that can help you in your growth in the industry. This review will be taking a look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Timothy Sykes Challenge Joining Cost Dollars
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders new to trading and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade that help traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of this platform. Consider it the social media equivalent the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” This idea Sykes said served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter authors and students, and 2) allowing everyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Challenge Joining Cost Dollars
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed towards achieving the success of their business. You can create an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create an account with your experience 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 feature, as previously mentioned, is designed to give its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders. You can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the credibility of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could decide to share your trades, whether verified or not, via pictures. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, 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 has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as trading professional. When he was 25 years old, 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 took advantage of it to develop trading rooms and 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 openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have earned substantial profits through their years of knowledge. Timothy Sykes Challenge Joining Cost Dollars
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, such as alerts for swing trading and access to a library of over 7,000 educational videos that are updated 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. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Challenge Joining Cost Dollars
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new 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 them integral in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to gain an account with this option, you should 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 the majority of features available in the novice plan. This plan allows that you can set up an account that is private to share with other associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to improve their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able to see other traders’ stats this could be a problem for those eager to try this new tier. Timothy Sykes Challenge Joining Cost Dollars
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, and a 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features of the prior plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create a private profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly has a few other services they provide. One of these is its online store, where customers can choose from a wide array of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed 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 from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a hands-on place where gurus and their member traders can communicate and share knowledge 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 engaged, while another could be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can select from the products from its online store to carry with them wherever they may travel. You can also get hands-on experience trading on the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as a joke.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to the newcomers. While novice traders may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to develop their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! Trade professionals who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Challenge Joining Cost Dollars
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s numerous packages and products offered may be too much for most of its customers
- As traders may opt to post any kind 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 ignored.
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Timothy Sykes Challenge Joining Cost Dollars
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s array of resources helpful as they do their best to incur lesser loss and perform better than before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Challenge Joining Cost Dollars
How can you make use of Profit.ly to make your trades public?
Profit.ly offers an entry section for trades within the “My Trade category on the dashboard. It allows you to post your trades that are verified or not. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.
