Stock trading is a high-stakes game. Some days, you could enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be very difficult to get back to where you were at your most productive. If you’re immersed in the water it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the world, which is why we’ve found a platform that can support you to improve your performance in the industry. In this review, we’ll take the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Trading Challenge Tim Sykes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informative responsible, transparent, and encouraging each other by offering a wide 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 functions 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 advanced analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Think of it as a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” This idea, he added, served two goals: 1.) creating public track records for everyone, not just the experts and students and newsletter writers as well as) giving all users to learn from both losses and wins for the trading industry’s benefit. Trading Challenge Tim Sykes
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of services and features geared at achieving achievement. You can create an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and 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 an account with your experience and expertise, connect to your brokerage account and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to demonstrate value to a large group of traders, but you can also utilize Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you can decide to share your trades, either verified or otherwise, through screenshots. 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 communicate with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading could be viewed as an avenue for small businesses to transition into a larger market because it allows them to access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as a trader. At the age of 25 Sykes was given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned significant amounts of profit through their years of experience. Trading Challenge Tim Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing 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 Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices, email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 the time he started trading, Superman has amassed over $5.5 million in total trading profits. Trading Challenge Tim Sykes
The Superman Alerts plan is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this package, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to gain access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of many of the features of The Novice package. It is in this plan that you can set up an account that is private to share with other associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their trading skills. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to view other traders’ statistics this could be a disadvantage for some who may be looking forward to this tier. Trading Challenge Tim Sykes
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes a 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all the options of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the option of creating your own private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, which allows users to select from a variety of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured 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 by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You’re probably familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One of them may be a laid-back person who is not very often active, while another may be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from novices to the most experienced. Given the wide range of options it has to offer this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products from its online store to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as adept at managing trading but the experts already know how it works along with the plethora of risks associated with it. It is ideal to make use of Profit.ly’s range of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Trading Challenge Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, 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 reasonable prices There’s something for all
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, you should have the ability to think with an open heart. Trading Challenge Tim Sykes
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s range of resources helpful as they do their best to incur lesser loss and perform better than they did before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being a better trader and want to be taught by your mentors and peers along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Trading Challenge Tim Sykes
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade section of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you submit 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 getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities all over the world.