Stock trading is a high-stakes game. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be very difficult to return to where you were at your best. If you find yourself constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve found an option that can help you to improve your performance in the market. We’ll be taking a look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Timothy Sykes Cvsi Tweets
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative responsible, transparent, and uplifting with each other by offering a wide range of features and tools such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people who are starting out as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad array of options for communication and trade and letting traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” The idea, he added, served two objectives: one) creating public track records for all traders, not just the gurus, but also the newsletter writers and students as well as) allowing anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes Cvsi Tweets
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed at achieving success. You can create an account there for free, but you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not only a chance to show your worth to a community of traders, as you can also utilize Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you can decide to share your trades, either verified or not, via screenshots. Included in Profit.ly are the vast number of trading classes as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts through the chatroom along with 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 trader who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit from their combined years of experience. Timothy Sykes Cvsi Tweets
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the 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 Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on 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, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month this is a great option for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, such as alerts for swing trading and access to a library of over 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 professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Cvsi Tweets
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile application, daily market updates in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally, you’ll also get an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that cater to traders of different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed to this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to get an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ statistics this could be a disadvantage for those who are anticipating this level. Timothy Sykes Cvsi Tweets
Pro Plan
This is by far the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, with 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all the features of the prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create your own private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can choose from a wide array of video products designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You’re probably familiar with chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a area where experts and members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. Some may be laid back and rarely engaged, while another could be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and their members. Additionally, they can select from the products from its online store for them to take wherever they may travel. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as adept at dealing with trading issues but the experts already know how it works and the stack full of risks that come with it. It is ideal to use Profit.ly’s range of features to their full advantage to enhance their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Cvsi Tweets
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You will be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach 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 core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for a lot of its users
- As traders may opt to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an answer to this question, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Cvsi Tweets
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s range of resources useful as they do their best to incur lesser loss and perform better than before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Cvsi Tweets
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the My Trade’ category of the dashboard that allows you to post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.
