Stock trading is a high-stakes game. Some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to return to where you were at your best. If you are always in the mud it is important be aware that relying solely on instinct and survival might not 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 globe, which is why we’ve discovered an option that can help you in your improvement within the field. This review will be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 What Is Timothy Sykes Trading Challenge
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed, transparent, accountable, and to build relationships with each other through its broad variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those who are starting out as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines that the site. Imagine it as a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The concept Sykes said served two purposes: 1) keeping track of public data for not just the gurus, but also the newsletter writers and students as well as) allowing anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. What Is Timothy Sykes Trading Challenge
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared towards achieving achievement. It is possible to create an account on the site for free, but you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group as well as its experts. It’s not just a way to prove that you’re worthy to the group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you may choose to publish your trades, verified or not, by taking pictures. In Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile and other methods to communicate with your gurus in the chatroom, as well as 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 has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move to a large marketplace as it allows them to access money from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as trading professional. At 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place of 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 amazing features is the wide range of learning sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial profits from their combined years of expertise. What Is Timothy Sykes Trading Challenge
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who 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 packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, text, e-mail and push alerts; and a daily stock watchlist.
Tim Sykes: 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 monthly, it is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, such as swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. What Is Timothy Sykes Trading Challenge
The Superman Alerts plan is his offering of essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market updates in real-time, as well as 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 via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally 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 ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study your trades, 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 just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. This plan allows that you can set up an account that is private to share with fellow associate users all your knowledge and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their skills in trading. While it’s nice but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able view the statistics of other traders this might be a drawback for those looking forward to this tier. What Is Timothy Sykes Trading Challenge
This is by far the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month and an additional 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all options of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the option of creating an individual profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of additional services that it can provide. One of these is its online store, which allows users to pick from a range of videos designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and clips of events like 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 variety of services and features. You are probably familiar with the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a space where experts and their members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. Some may be laid back and rarely active, while another might be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able pick from the merchandise available on its store online that they can take with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly equally suited to the newcomers. While the newbies may not be as proficient in dealing with trading issues, the pros already understand how it works and the stack full of risks associated with it. Ideally, they may use Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at 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 help guide them through the ever-illustrious trading process. What Is Timothy Sykes Trading Challenge
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow 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 dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to boost their rating this could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, you should have an open mind. What Is Timothy Sykes Trading Challenge
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might find Profit.ly’s variety of resources helpful in their efforts to avoid losses and perform better than they did before. Not only struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ What Is Timothy Sykes Trading Challenge
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the “My Trade category on the dashboard which lets you record your trades, verifiable or not. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is the chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.