The stock market can be a high-stakes game. On some days, you might have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to where you were at your most productive. If you are 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, you’re gonna be needing 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 found an online platform that will help you to improve your performance in the industry. This review will be taking an in-depth 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. 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 Trading Chalenge Dvd
User 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 to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people who are starting out as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines that the site. Think of it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The concept, he added, served two goals: 1.) making public records for all traders, not just the gurus and students and newsletter writers as well as) allowing all users to gain insight into both losses and wins to the benefit of the trading industry. Timothy Sykes Trading Chalenge Dvd
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared towards achieving the success of their business. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to demonstrate value to a group of traders. You can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you may choose to publish your trades, verified or not, by taking screenshots. Also included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile and other methods to connect with your gurus via chatrooms 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 has been 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. The trading of penny stocks can be seen as a stepping stone for small businesses to transition to a large marketplace as they can access capital from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as a trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have made substantial amounts of money from their collective years of expertise. Timothy Sykes Trading Chalenge Dvd
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. In light of that we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, it is a great option for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Trading Chalenge Dvd
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real-time, as well as email and SMS 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 via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition you’ll also have an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign up for this package you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets you to use the majority of features available in the novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their expertise in trading. As nice as it seems but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics, which could be a disadvantage for some who may be anticipating this level. Timothy Sykes Trading Chalenge Dvd
This is by far the most expensive plan Profit.ly can offer to experienced traders. At $74.95 each month with an additional 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all the options of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create an individual profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, where customers can choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased 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 all other things trading-related, clips and footage of the Annual Pennystocking Conference, and items from other experts in trading.
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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 concept of chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a area where experts and members trade 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 there. Some may be laid back and less active, while another might be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they may travel. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to improve their trading skills. Like novices, they can learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at an equal level with Superman as well as 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. Timothy Sykes Trading Chalenge Dvd
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with the answer, it would be yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, you need to have an open mind. Timothy Sykes Trading Chalenge Dvd
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s range of resources helpful when they try their best to reduce losses and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Trading Chalenge Dvd
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities all over the world.