Stock trading is an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it could be very difficult to get back to where you were at your most productive. If you find yourself immersed in the water You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve discovered a platform that can support you in your growth within the field. This review will take the time to look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Timothy Sykes Stocktwits
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed, transparent, accountable, and encouraging one another through its wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people who are starting out and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar like Facebook and Reddit but with a focus on 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 ensures that the trades are valid and won’t accept fake news as long as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” The idea, he added, served two goals: 1.) making public records for not just the gurus, but also the newsletter writers and students, and 2) allowing everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Timothy Sykes Stocktwits
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared at achieving the success of their business. You can create an account at no cost, however you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Making an account simple: Create an account with your experience and skills, join your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned 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 prove value to a large group of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, you can decide to share your trades, whether verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile and other methods to connect with your gurus via chatrooms along with 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 guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as an opportunity for small businesses to transition into a larger market because it allows them to access money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency, 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 sweet inclusions is the variety of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial profits from their collective years of knowledge. Timothy Sykes Stocktwits
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: the founder of the penny stock market 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 the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Stocktwits
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition you’ll also gain an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
This package for novices 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’ll be given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what we call a competitive procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re interested in gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the novice plan. This plan allows that you can create a private profile to share with fellow associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their skills in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able view the statistics of other traders that could be a problem for those eager to try this new tier. Timothy Sykes Stocktwits
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month which includes 22% off when billed annually This plan offers it all. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create an individual profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of other services they offer. One of those is its online store, which allows users to select from a variety of video products created to provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and clips from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You may be familiar with the chat room as you will see it on messaging and social platforms, in addition to a few special websites that offer live chat assistance. However, in 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 way in operating their chat room and in dealing with the members there. Some may be more laid back and not very often active, while another might be more online and communicative to their pupils. Think of chat rooms as 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 caters to a large variety of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and members. They’ll also be able choose from the items on its store online that they can take with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as adept at managing trading, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to use Profit.ly’s array of features to their full advantage to enhance their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Stocktwits
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its users
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by selecting the best trades in order to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the number of features the platform is able to offer
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The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Stocktwits
What we mean”yes” is it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s variety of resources helpful as they do their best to incur lesser losses and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Timothy Sykes Stocktwits
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the My Trade section of the dashboard. It allows you to post your trades, either verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses 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 stock market opportunities left and right.
