Stock trading can be an exciting game with high stakes. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the market. This review will be taking an in-depth look at Profit.ly A well-respected 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. 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 5
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those who are starting out as well as a place for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide range of resources to facilitate trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been done before.” The concept, he added, served two objectives: one) creating public track records for all traders, not just the gurus as well as students and newsletter writers, and 2) allowing anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes Below Deck Season 5
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving the success of their business. It is possible to create an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a look at their performance as a trading group and its experts. It’s not just a way to show value to a community of traders, but you are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you may opt to post your trades, verified or not, via photographs. Also included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a market that is larger as they can access capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as a trader. When he was 25 years old, he had been given more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, 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 significant amounts of profit from their collective years of experience. Timothy Sykes Below Deck Season 5
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this 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. With that taken into consideration Let’s look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices, as well as text, e-mail 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 package. It costs $149.95 per month, it is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Below Deck Season 5
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library 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 and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders of different levels. Let’s take a look at what these 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’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what we call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even texting other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort as well as filter trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets you to take advantage of many of the features of the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their trading skills. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able to see other traders’ statistics, which might be a drawback for those who are eager to try this new tier. Timothy Sykes Below Deck Season 5
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. With $74.95 each month with an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all the features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create a private profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few additional services that it can offer. One of these is its online store, which lets users choose from a wide array of video products created to provide guidance on the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and scenes from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time area where experts and members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. One of them may be more laid back and less active, while another may be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus and their members. Additionally, they can select from the products from its online store to carry with them wherever they go. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that this is a risky game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable to people who are just beginning. While the newbies may not be as proficient in managing trading but the experts already know how it works along with the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. Like beginners, they can learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Below Deck Season 5
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You will receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to instantly take advantage of the numerous services the platform has 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’s a ‘yes’. However, you must realize 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 need to have curiosity. Timothy Sykes Below Deck Season 5
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s variety of resources to be helpful as they do their best to avoid loss and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to learn from your peers and experts on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Below Deck Season 5
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades in the ‘My Trade section of the dashboard which lets you record your trades, verifiable 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 into provided spaces and specifics
- Take a photo 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’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.