The stock market can be an extremely risky game. On some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be extremely difficult to return to the point you were at your best. If you are always in the mud, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your growth in the industry. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized all-in-one 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.
Total Rating: 4.1/5 Timothy Sykes Trading Challenge Cost
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all 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 like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of the platform. Think of it as the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that has never been done before.” This idea, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers, and 2) giving everyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Trading Challenge Cost
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed at achieving achievement. It is possible to create an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not just a way to show value to a large group of traders. You can also utilize Profit.ly to shop with a guru, and have the assurance that you’re confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you can choose to publish your trades, verified or not, via photographs. In Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile and other methods to interact with your experts in the chatroom, as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at 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 into a larger market because they can access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned substantial profits from their combined years of experience. Timothy Sykes Trading Challenge Cost
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on the 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 we’ll take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with 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 predict the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices; text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it 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 the previous plan, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Trading Challenge Cost
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally you’ll also gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that cater to traders of different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of which is essential to keep your hands on what we could call a ruthless process in and of itself.
Some of the features you can do using Profit.ly’s Novice program is the capability to check 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 onto leaderboards; study, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to gain access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the novice plan. It is in this plan that you can create a private profile to share with other associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able view the statistics of other traders, which could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Trading Challenge Cost
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. With $74.95 per month, with 22% off when billed annually This plan offers it all. It gives you full, unlimited access to all options of the previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create a private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few other services they offer. One of these is its online store, where customers can select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips of The Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One of them may be more laid back and less active, while another may be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety 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, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able to choose from the items from its online store to carry with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly equally suited to them as those who are just starting. While the newbies may not be as adept at handling trading matters however, experienced traders know how it works along with the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their full advantage to improve their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the enjoyment! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Trading Challenge Cost
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its users
- As traders may opt to make any type of trade, there is an opportunity that some them could profit from cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users will immediately benefit from the many services that the platform can offer
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it would be yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you need to have curiosity. Timothy Sykes Trading Challenge Cost
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources useful when they try their best to avoid loss and perform better than before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be 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 Timothy Sykes Trading Challenge Cost
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the “My Trade’ category of the dashboard which allows you to post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on 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 currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.