The stock market can be an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be extremely difficult to return to where you were at your best. If you’re always in the mud it is important to realize that relying on instinct and survival might not be enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve identified an online platform that will help you in your improvement in the industry. In this review, we’ll be taking the time to look at Profit.ly is a well-known all-in-one 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 Below Deck Tim Sykes Episodes
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative responsible, transparent, and uplifting with each other through its broad array 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 site for trading that serves both as a training and learning platform for those new to trading 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 trade and communication that help traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been prior to.” The concept, he added, served two goals: 1.) making public records for not just the gurus and newsletter authors and students, and 2) allowing everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Below Deck Tim Sykes Episodes
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared toward achievement. You may set up an account there at no cost, however you’re only given the ability to navigate through the leaderboards and monitor 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 subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of how the community of traders performs and its experts. It’s not just a way to demonstrate value to a large group of traders, as you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you can opt to post your trades, either verified or not, by taking screenshots. In Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account, and more ways to interact with your experts through the chatroom as well as 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 trading personality who has been famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The penny stock market is an avenue for small businesses to transition to a market that is larger as it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trader. At 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise and compete with 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 helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make substantial profits from their collective years of knowledge. Below Deck Tim Sykes Episodes
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, 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. When we take that into account we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, as well as email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Below Deck Tim Sykes Episodes
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign to this plan, you will be immediately offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you do want to get an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader plan allows users to benefit from many of the features of the novice plan. In this plan, that you are able to create a private profile to share with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats this could be a disadvantage for some who may be anticipating this level. Below Deck Tim Sykes Episodes
The Pro plan is the most premium package that Profit.ly offers to experienced traders. It costs $74.95 each month which includes 22% off when billed annually, this tier has everything. You get full, no-holds-barred access to all the features from the two prior plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating an individual profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of more services it has to provide. One of them is the online store, which lets users choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly, it is seen as a space where experts and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. One of them may be more laid back and not very often engaged, while another could be more interactive and online with their students. Consider chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly equally suited to them as the newcomers. Although the novices might not be as adept at handling trading matters however, experienced traders know the way it functions and the risky mix associated with it. It is ideal to use Profit.ly’s range of features to their full advantage to develop their trading skills. Like novices, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Below Deck Tim Sykes Episodes
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons 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 with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- If traders decide to post any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, it is best to keep an open mind. Below Deck Tim Sykes Episodes
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s range of resources helpful when they try 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 can accommodate beginners and even experts in the field!
So, if you genuinely want to become a better trader and want to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Below Deck Tim Sykes Episodes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 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 opportunities on the stock market both right and left.