Stock trading is an extremely risky game. On some days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to get back to where you were at your best. If you find yourself constantly stuck in the gutter it is important to recognize that relying on instinct and survival might not be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve identified a platform that can support you to improve your performance in the industry. We’ll be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Below Deck Full Episode
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” This idea was, he said, serving two objectives: one) creating public track records for everyone, not just the experts as well as students and newsletter writers as well as) making it possible for anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Tim Sykes Below Deck Full Episode
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared at achieving achievement. You can create an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to show your worth to a group of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the concept of leaking the details of your broker account you can decide to share your trades, whether verified or not, via photographs. Included in Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile and other methods to communicate with your gurus via chatrooms along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small companies to move to a market that is larger as it allows them to access money from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up 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 educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have earned substantial amounts of money from their collective years of experience. Tim Sykes Below Deck Full Episode
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the prominent experts were 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 this platform: the 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 take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
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 for a month it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in earlier plans including alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both 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 total trading profits. Tim Sykes Below Deck Full Episode
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the 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, as well as access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which 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 as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you’re interested in have access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows users to benefit from a majority of features from The Novice package. It is in this plan that you are able to create a private profile for sharing with fellow associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to harness their skills in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able to view the statistics of other traders this could be a problem for those anticipating this level. Tim Sykes Below Deck Full Episode
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, and 22% off for annual billing This plan offers it all. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create an individual profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided 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 videos designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You are probably familiar with the chat room as you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members. One might be laid back and not very often active, while another may be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. Additionally, they can choose from the items on its store online for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that this is a high stakes game that should not be viewed as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as well-equipped with managing trading however, experienced traders know the way it functions and the risky mix associated with it. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to assist them in the ever-changing trading process. Tim Sykes Below Deck Full Episode
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning, 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 precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, 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 wide array of subscription plans and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, you should have curiosity. Tim Sykes Below Deck Full Episode
What we are referring to”yes” is it can be a great learning tool. People who are stuck might discover Profit.ly’s variety of resources helpful when they try their best to avoid losses and be more successful than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Below Deck Full Episode
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the ‘My Trade’ category of the dashboard. It lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- 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 purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently 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 to help one another grow and learn more about acquiring opportunities on the stock market both right and left.
