Stock trading is a high-stakes game. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be very difficult to get back to where you were your peak. If you are immersed in the water, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve found an online platform that will help you in your improvement in the market. This review will be taking a 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.
Overall Rating: 4.1/5 Tim Sykes Twitter Cvsi
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative, transparent, accountable, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people new to trading as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” The idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter authors and students, and 2) making it possible for anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes Twitter Cvsi
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed toward the success of their business. You may set up an account there at no cost, however you’re only limited to having access to the leaderboard and observe 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’ll need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into how the community of traders performs and its gurus. You’re not just allowed to show that you’re worthy to the community of traders. You can also utilize Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the credibility of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you may opt to post your trades, either verified or otherwise, through photographs. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock that trades for less than $5 per share. Penny stock trading can be seen as an avenue for small businesses to transition into a larger market because it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you thanks to his 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 throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he became part of the reality 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 played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made significant amounts of profit through their years of knowledge. Tim Sykes Twitter Cvsi
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche in the field of trading. Some of the most 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 and 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 per month, you will observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app that’s 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 highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Twitter Cvsi
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base 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 weekly video lessonsthat include the growing collection of previous lessons. On top of that, you’ll also get an access to high-quality research papers and 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 a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed up for this plan you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice program is 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, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets 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 intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders that could be a disadvantage for those eager to try this new tier. Tim Sykes Twitter Cvsi
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount when billed annually, this tier has it all. You get full, no-holds-barred access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which lets users pick from a range of video products that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You may be familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a hands-on area where experts and members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One of them may be a laid-back person who is rarely active, while another might be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for everyone.
Beginners, for instance, will enjoy 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 and their members. They’ll also be able to select from the products from its online store for them to take wherever they travel. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a risky game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suited to the newcomers. Although the novices might not be as proficient in handling trading matters, the pros already understand how it works and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Tim Sykes Twitter Cvsi
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 communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might not be enough for most of its users
- As traders may opt to make any type of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an answer to this question, 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. It wasn’t designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Twitter Cvsi
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources to be helpful in their efforts 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 in the field!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus on the way, look no further – Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Twitter Cvsi
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the My Trade category on the dashboard that lets you post your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is a high chance that it is verifiable. This is shown by the blue check mark. If you post it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are 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 app version is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities left and right.