Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be extremely difficult to return to the point you were at your peak. If you are always in the mud You will need to realize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your growth in the market. We’ll take an in-depth look at Profit.ly is a well-known 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 Turks Trading Challenge
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a 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 trading website which serves as a training and learning platform for traders who are just beginning their journey as well as a place for traders with experience to keep track of 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 also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus and newsletter authors and students as well as) making it possible for everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Timothy Sykes Turks Trading Challenge
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed toward achievement. It is possible to create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create a profile with your experiences and skills, join your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to demonstrate your worth to a group of traders, but you can also use Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom along with 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 guru who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition into a larger market because they can access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as a trader. When he was 25 years old Sykes was given greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have made significant amounts of profit from their combined years of expertise. Timothy Sykes Turks Trading Challenge
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on the platform: the founder and 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 what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to predict the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as 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 that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Turks Trading Challenge
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. In addition you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that cater to traders at different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When you sign to this plan, you will be immediately offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what we call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even texting other traders; and providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their trading skills. While it’s nice, there is one significant aspect that’s not included. Unlike the previous 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 Turks Trading Challenge
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. With $74.95 per month, and a 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all features from the two previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few more services it has to provide. One of those is its online store, where customers can select from a variety of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You may be familiar with chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. One of them may be laid back and not very often active, while another might be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room advice by its internal gurus and their members. Additionally, they can choose from the items on its store online to carry with them wherever they travel. Additionally, they can gain practical experiences by trading through 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 equally suited to them as those who are just starting. While novice traders may not be as proficient in managing trading, the pros already understand how it works and the risky mix associated with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Timothy Sykes Turks Trading Challenge
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s abundance of packages and services offered could be too much for a lot of its customers
- As traders may opt to post any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users will immediately take advantage of the numerous services the platform has to provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Turks Trading Challenge
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s range of resources useful in their efforts to avoid losses and be more successful than before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you really want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Turks Trading Challenge
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades within the ‘My Trade’ category of the dashboard. It lets you post your trades, verifiable or not. There are three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market left and right.