Stock trading can be an extremely risky game. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it could be very difficult to get back to where you were at your most productive. If you’re constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve discovered a platform that can support you in your improvement in the market. We’ll take an in-depth 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 Timothy Sykes Below Deck Episodes
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed, transparent, accountable, and encouraging each other through its broad array of tools and features such as 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 functions as a training and learning platform for those new to trading and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for communication and trade and letting traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was motivated 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 not just the gurus and newsletter writers and students, and 2) giving everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Below Deck Episodes
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared toward achievement. You may set up an account for free, but you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at the performance of the trading community as well as its gurus. It’s not just a way to prove your worth to a large group of traders, as you can also utilize Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you may decide to share your trades, whether verified or not, via screenshots. In Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts in the chatroom, in addition to 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 guru who is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. Penny stock trading is a stepping stone for small companies to move to a market that is larger as it allows them to access capital from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of openness, 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 amazing features is the vast array of learning resources, 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 through their years of knowledge. Timothy Sykes Below Deck Episodes
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the most prominent experts included 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 the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices; texts, emails 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 program. At $149.95 monthly, it is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Below Deck Episodes
The Superman Alerts plan is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile app, the daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly plans 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 resources to get you going. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign to this plan, you will be immediately given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the novice plan. This plan allows that you are able to create an individual profile that allows you to share with other associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to harness their expertise in trading. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats that might be a drawback for those who are anticipating this level. Timothy Sykes Below Deck Episodes
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. At $74.95 each month and 22% off when billed annually, this tier has everything. You get full, no-holds-barred access to all options of the prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create an individual profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which allows users to choose from a wide array of videos that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time place where gurus and their members trade and learn in real time. Each guru has their style in operating their chat room and dealing with the members there. Some may be more laid back and rarely engaged, while another could be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able select from the products from its online store to carry with them wherever they be. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that this is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as proficient in handling trading matters but the experts already know the way it functions and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s array of features to their full advantage to develop their trading skills. Like novices, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Timothy Sykes Below Deck Episodes
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might be too much for a lot of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to boost their rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the many services that the platform can provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be yes. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Below Deck Episodes
What we mean”yes” is it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s variety of resources to be helpful when they try their best to reduce loss and perform better than they did before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become a better trader and want to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Below Deck Episodes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from 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 on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities left and right.