Stock trading can be a high-stakes game. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it can be extremely difficult to return to where you were your best. If you’re immersed in the water, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve found an option that can help you in your growth in the industry. We’ll take 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. 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 And Twitter
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are starting out and also as a platform for traders who are experienced to monitor 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 also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been previously done.” The concept Sykes said served two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers, and 2) giving anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Timothy Sykes And Twitter
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed at achieving success. You may set up an account for free, but you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into their performance as a trading group as well as its gurus. It’s not only a chance to prove your worth to a large group of traders, but you can also utilize Profit.ly to shop with a professional with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you may choose to publish your trades, either verified or otherwise, through photographs. Also included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile, and more ways to connect with your gurus through the chatroom as well as 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 personality who is well-known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market is an avenue for small companies to move to a market that is larger as it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trader. At 25 years old, he had been given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit from their combined years of experience. Timothy Sykes And Twitter
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month it is the perfect plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes And Twitter
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also gain access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, all of which is essential to keep your hands on what we call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in gain an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. This plan allows that you can create an account that is private to share with other associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their skills in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able view other traders’ statistics, which might be a drawback for those who are looking forward to this tier. Timothy Sykes And Twitter
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month which includes a 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to view other people’s stats and data, but you also have the chance to create an individual profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, which allows users to choose from a wide array of instructional videos that are designed to inform 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 purchased immediately for 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 about penny stocking, short stocking, and other things trading-related, clips and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room 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 is seen as a hands-on place where gurus and their member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One of them may be more laid back and not very often engaged, while another could be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room advice by its internal gurus and their members. They’ll also be able choose from the items in its online store to carry with them wherever they may go. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that this is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable to them as the newcomers. While novice traders may not be as adept at managing trading but the experts already know the way it functions and the stack full of risks that come with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Timothy Sykes And Twitter
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- If traders decide to open any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you need to have the ability to think with an open heart. Timothy Sykes And Twitter
What we are referring to”yes” is that it can be a great learning tool. People who are stuck could find Profit.ly’s array of resources useful in their efforts to reduce losses and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being a better trader and want to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes And Twitter
How do you use Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the ‘My Trade’ category of the dashboard which lets you record your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is a high chance that it is verifiable. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.