The stock market can be a high-stakes game. On certain days, you could have the benefit of pleasing and positive numbers. On other days, however it could be the reverse and it could be extremely difficult to get back to where you were at your best. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve found an online platform that will help you in your improvement in the market. This review will take the time to look at Profit.ly is a well-known 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 Below Deck Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed, transparent, accountable, and uplifting with each other by offering a wide range of features and tools like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders who are starting out and also as a platform for experienced traders to track 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 offers gurus with worthwhile investments within the confines of this platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t accept fake news as long as possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that was never previously done.” This idea Sykes said served two objectives: one) keeping track of public data for not just the gurus as well as newsletter writers and students and secondly) giving everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Below Deck Timothy Sykes
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared towards achieving the success of their business. It is possible to create an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to prove that you’re worthy to the large group of traders, as you are also able to use Profit.ly to shop from a guru with the confidence that you are confident in their skills and the credibility of their claims.
If you are unsure about the concept of leaking the details of your broker account you can choose to publish your trades, verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts via chatrooms as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition into a larger market because it gives them access to funds from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. At the age of 25, he had been given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms, 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 place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial profits from their combined years of expertise. Below Deck Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on this platform: the 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 can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, text, e-mail 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 package. It costs $149.95 for a month it is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Below Deck Timothy Sykes
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile application, 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 and access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly plans 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 resources to help you going. The platform offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can do using 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 giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re interested in get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to use many of the features of the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders that might be a drawback for those who are eager to try this new tier. Below Deck Timothy Sykes
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. With $74.95 per month, which includes 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all options of the prior plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create a private profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of more services it has to provide. One of those is its online store, where customers can select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured 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, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a real-time space where experts and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. One might be laid back and not very often active, while another might be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus as well as their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works along with the plethora of risks associated with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to improve their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
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 or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. Below Deck Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s numerous packages and services offered could be too much for most of its customers
- If traders decide to open any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as its premium users are expected to instantly benefit from the number of features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep curiosity. Below Deck Timothy Sykes
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources to be helpful when they try their best to avoid loss and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Below Deck Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard which lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is a high chance that it is verifiable. This is shown by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is 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 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 is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
