Stock trading can be an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to get back to the point you were at your most productive. If you are constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve discovered an online platform that will help you to improve your performance in the industry. We’ll be taking the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Download Tim Sykes Trading Foundations
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed, transparent, accountable, and to build relationships with each other through its broad array of tools and features including trade verification, chat rooms and a rich 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 traders new to trading and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines that the site. Imagine it as an online social media platform similar like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” This idea Sykes said served two objectives: one) creating public track records for everyone, not just the experts as well as students and newsletter writers, and 2) making it possible for anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Download Tim Sykes Trading Foundations
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared toward the success of their business. You can create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at their performance as a trading group and its gurus. It’s not just a way to show your worth to a group of traders. You can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you are unsure about the idea of sharing your brokerage account, you may opt to post your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile as well as other ways to interact with your experts through the chatroom in addition to notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. 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. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as a trader. At the age of 25 Sykes was given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete with each other through 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 company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial profits from their combined years of knowledge. Download Tim Sykes Trading Foundations
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to forecast 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 available on iOS as well as Android devices; texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month this is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for 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 trading earnings. Download Tim Sykes Trading Foundations
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy 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 that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
Profit.ly plans 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 get you started. Profit.ly offers three membership levels that cater to traders of different levels. Let’s break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. When you sign to this plan you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the novice plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their skills in trading. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders, which might be a drawback for some who may be eager to try this new tier. Download Tim Sykes Trading Foundations
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. At $74.95 each month and a 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all features from the two previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the option of creating a private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to choose from a wide array of videos 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 such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other related to trading, videos and scenes from The Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. One might be more laid back and not very often active, while another may be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able to choose from the items in its online store that they can take with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that this is a high stakes game that should not be viewed as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to them as those who are just starting. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works along with the plethora 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 abilities. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are at an equal level with 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 assist them in the ever-changing trading process. Download Tim Sykes Trading Foundations
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow 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 verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- If traders decide to open any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the number of features the platform is able to provide
The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, it is best to keep an open mind. Download Tim Sykes Trading Foundations
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s range of resources to be helpful in their efforts to reduce 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!
So, if you genuinely care about being more successful in trading and would like to learn from your fellows and gurus on the way, look no further – Profit.ly could be a good option to begin.
FAQ Download Tim Sykes Trading Foundations
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the “My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.