Stock trading can be an exciting game with high stakes. On certain days, you might be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your best. If you are constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time and you’re likely to require 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 identified a platform that can support you in your growth in the market. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Timothy Sykes Trading Challenge
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide array of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those new to trading as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Think of it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” The idea, he added, served two objectives: one) making public records for not just the gurus, but also the students and newsletter writers, and 2) making it possible for everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Trading Challenge
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed at achieving success. It is possible to create an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and skills, join to your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into their performance as a trading group as well as its experts. It’s not just a way to demonstrate that you’re worthy to the group of traders, as you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account then you could decide to share your trades, verified or not, by taking pictures. Included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market is an opportunity for small companies to move into a larger market because it allows them to access capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial amounts of money from their collective years of knowledge. Timothy Sykes Trading Challenge
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 most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: the 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices, email, text and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Trading Challenge
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself through the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you going. 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’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed up for this plan, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in get an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use a majority of features from the novice plan. It is in this plan that you can set up an account that is private to share with fellow associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics that could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Trading Challenge
Pro Plan
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, and 22% off when billed annually, this tier has it all. You will have full, unrestricted access to all the options of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create your own private profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few additional services that it can provide. One of those is its online store, which allows users to choose from a wide array of video products that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You are probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a hands-on space where experts and their members can interact and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members. Some may be a laid-back person who is less active, while another might be more active and in touch in their interactions with students. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable to those who are just starting. While the newbies may not be as proficient in managing trading, the pros already understand how it works along with the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like novices, they can study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use the power of 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
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as 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 verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its customers
- As traders may opt to make any type of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to 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 wasn’t originally intended to be created in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Trading Challenge
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they could find Profit.ly’s array of resources helpful as they do their best to incur lesser losses and perform better than they did before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your fellows and gurus along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Trading Challenge
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion within the ‘My Trade section of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, 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 people are currently using 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 assist each other to grow and learn more about acquiring opportunities on the stock market both right and left.
