The stock market can be a high-stakes game. On certain days, you could have the benefit of positive and satisfactory numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your peak. If you are immersed in the water it is important to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you to improve your performance within the field. In this review, 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Below Deck Timothy Sykes Episode
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of various levels to be knowledgeable, transparent, accountable, and encouraging 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 site for trading that functions as a learning and training platform for those who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” The concept was, he said, serving 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 all users to gain insight into both losses and wins to benefit the industry of trading. Below Deck Timothy Sykes Episode
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared at achieving achievement. It is possible to create an account for free, but you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts 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 a profile with your experiences and skills, join your brokerage account, and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at the performance of the trading community and its gurus. You’re not just allowed to prove that you’re worthy to the community of traders, but you are also able to use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could decide to share your trades, verified or not, via photographs. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts through the chatroom in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been 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 stock which trades at just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small companies to move to a market that is larger as they can access funds from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. At the age of 25 Sykes was given greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have earned substantial amounts of money from their combined years of knowledge. Below Deck Timothy Sykes Episode
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to predict the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Below Deck Timothy Sykes Episode
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile application, daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally you’ll also have the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that are designed to accommodate 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 basic plan that is designed specifically for those who are new to the trading world. Once you have signed up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even chatting with other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re looking to have an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. In this plan, that you are able to create an individual profile that allows you to share with other associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able view the statistics of other traders that could be a problem for those anticipating this level. Below Deck Timothy Sykes Episode
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, which includes 22% off for billing annually, this tier has it all. It gives you full, unlimited access to all features from the two previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating an individual profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of 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
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can select from a variety of video products that are designed to educate and guide you through the ins and outs of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members. Some may be a laid-back person who is less active, while another might be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able choose from the items from its online store to carry with them wherever they go. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suited to them as the newcomers. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand the way it functions and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Below Deck Timothy Sykes Episode
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its users
- As traders may opt to make any type of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, you should have an open mind. Below Deck Timothy Sykes Episode
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s variety of resources helpful as they do their best to avoid losses and be more successful than before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Below Deck Timothy Sykes Episode
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the “My Trade’ category of the dashboard that lets you record your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities left and right.
