The stock market can be a high-stakes game. On certain days, you may have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be very difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve identified an online platform that will help you in your growth within the field. In this review, we’ll take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Timothy Sykes Below Deck Season 2
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informative, transparent, accountable, and to build relationships with each other through its broad array of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades 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 transactions are legitimate and will not allow for fraud as much as it is possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea Sykes said served two goals: 1.) making public records for not just the gurus and newsletter writers and students and secondly) making it possible for all users to gain insight into both the wins and losses to benefit the industry of trading. Timothy Sykes Below Deck Season 2
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed at achieving achievement. You can create an account there at no cost, however you’re limited to the capability to browse the leaderboard and observe 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 will need to sign up to one of Profit.ly’s offers, which we will go over shortly.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account, and you’ll be given an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier 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 demonstrate value to a group of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the concept of leaking your brokerage account, you can choose to publish your trades, verified or not, by taking screenshots. In Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts in the chatroom, along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small companies to move into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trading professional. At the age of 25, he had been given greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. 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 sweet inclusions is the variety of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial amounts of money from their collective years of experience. Timothy Sykes Below Deck Season 2
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing 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. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A single 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, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes 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 he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Below Deck Season 2
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
In “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 through the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. In addition, you’ll also get an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even chatting with your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze your trades, sort as well as filter trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You can’t create a private profile, thus making your personal information public. If you’re looking to have access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use a majority of features from the novice plan. This plan allows that you are able to create an account that is private to share with fellow associate users all your knowledge and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ statistics that could be a disadvantage for those anticipating this level. Timothy Sykes Below Deck Season 2
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 each month and 22% off for billing annually This plan offers everything. It gives you full, unlimited access to all features from the two prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly has a few additional services that it can provide. One of those is its online store, which allows users to choose from a wide array of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for 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 about short stocking, penny stocking, and all other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. Some may be a laid-back person who is less engaged, while another could be more active and in touch to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in the 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. With the variety of deals it has to offer, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able choose from the items from its online store for them to take wherever they travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that trading is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as proficient in dealing with trading issues but the experts already know the way it functions and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like novices, they can study from the gurus 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 as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Below Deck Season 2
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its users
- As traders may opt to post any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the number of services that the platform can provide
The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, you should have curiosity. Timothy Sykes Below Deck Season 2
What we do mean”yes” is that it can be a great learning tool. People who are stuck could find Profit.ly’s range of resources useful in their efforts to avoid losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become more successful in trading and would like to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Below Deck Season 2
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is the chance that it is verifiable. This is indicated with the small blue check. If you post it manually or through images, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to 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.