Stock trading can be an exciting game with high stakes. Some days, you may have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it could be very difficult to get back to the point you were at your best. If you are immersed in the water, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve discovered an option that can help you to improve your performance in the industry. We’ll take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Below Deck 2 Tim Sykes
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders new to trading as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Consider it the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been prior to.” The idea Sykes said served two objectives: one) keeping track of public data for not just the gurus, but also the students and newsletter writers and secondly) making it possible for anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Below Deck 2 Tim Sykes
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed toward the success of their business. You may set up an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a glimpse of how the community of traders performs and its gurus. You’re not just allowed to prove your worth to a large group of traders, as you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can decide to share your trades, whether verified or not, via screenshots. Also included in Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile and other methods to connect with your gurus through the chatroom as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition to a market that is larger as they can access funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial amounts of money from their collective years of expertise. Below Deck 2 Tim Sykes
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field 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, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals 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 via Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices; email, text, 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, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Below Deck 2 Tim Sykes
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your personal information public. If you do want to gain access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows you to use a majority of features from The Novice package. In this plan, that you can create an account that is private to share with other associates all your insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ statistics that could be a disadvantage for those who are looking forward to this tier. Below Deck 2 Tim Sykes
This is by far the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month and an additional 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all the options of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create an individual profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of them is the online store, which allows users to pick from a range of instructional videos that are created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You are probably familiar with the chat room as you will see it on social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. Some may be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able to choose from the items from its online store for them to take wherever they go. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that the process is a risky game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Below Deck 2 Tim Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for every person
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its users
- If traders decide to open any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many services the platform has to provide
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Below Deck 2 Tim Sykes
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources useful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become more successful in trading and would like to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Below Deck 2 Tim Sykes
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the ‘My Trade category on the dashboard that lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is the likelihood that it can be verified. This is shown by the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.