Stock trading can be an exciting game with high stakes. On certain days, you may have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your peak. If you’re constantly stuck in the gutter it is important be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered 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 important boost from fellow traders from around the globe, which is why we’ve identified an option that can help you to improve your performance in the industry. We’ll take the time to 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.
Total Rating: 4.1/5 Timothy Sykes Foundation, Real Charity
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative responsible, transparent, and uplifting with each other by offering a wide array of tools and features 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 website that functions as a learning and education platform for people new to trading and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” The concept, he added, served two purposes: 1) keeping track of public data for all traders, not just the gurus and newsletter authors and students as well as) making it possible for anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Foundation, Real Charity
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared towards achieving achievement. You may set up an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and skills, join your brokerage account, and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. It’s not just a way to show that you’re worthy to the community of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account you can opt to post your trades, verified or not, by taking pictures. In Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile as well as other ways to interact with your experts through the chatroom along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading is a stepping stone for small businesses to transition into a larger market because it gives them access to capital from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, 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 most appealing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make significant amounts of profit from their combined years of experience. Timothy Sykes Foundation, Real Charity
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on this platform: 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 Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on 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 premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is a great option for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Foundation, Real Charity
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. On top of that, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that cater to traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows users to benefit from the majority of features available in the novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders this might be a drawback for those who are looking forward to this tier. Timothy Sykes Foundation, Real Charity
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes an additional 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all the options of the prior plans.
You’re not only able to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, where customers can pick from a range of video products created to guide you through the ins and outs of trading. All of the products featured on this page 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 by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and scenes of The Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a hands-on place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. One of them may be laid back and rarely active, while another might be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that this is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have 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 well-equipped with dealing with trading issues, the pros already understand the way it functions and the plethora of risks that come 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. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Timothy Sykes Foundation, Real Charity
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be 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 intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Foundation, Real Charity
What we mean”yes” is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s range of resources to be helpful as they do their best to avoid losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your mentors and peers on the way, look no further – Profit.ly may be a great choice to start.
FAQ Timothy Sykes Foundation, Real Charity
How do you use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard that allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is the probability that it’s verifiable. This is shown by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities left and right.