The stock market can be an extremely risky game. On some days, you may have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it can be very difficult to get back to the point you were at your most productive. If you are always in the mud, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you in your growth in the industry. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Timothy Sykes Below Deck Tip
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable responsible, transparent, and encouraging one another through its wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those who are starting out and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as an online social media platform similar to Facebook and Reddit, but for 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 transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” This idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts and students and newsletter writers as well as) allowing everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Timothy Sykes Below Deck Tip
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward achievement. You may set up an account at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group and its experts. You’re not just allowed to prove your worth to a community of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you can choose to publish your trades, either verified or not, by taking 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 interact with your experts through the chatroom as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have earned substantial amounts of money from their collective years of experience. Timothy Sykes Below Deck Tip
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated weekly.
In “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. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Below Deck Tip
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary 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 the extensive knowledge base that is provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. 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 next plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the Novice plan. In this plan, that you can set up an account that is private to share with fellow associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to view the statistics of other traders, which could be a problem for some who may be looking forward to this tier. Timothy Sykes Below Deck Tip
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 per month, which includes a 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all options of the prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create a private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few more services it has to offer. One of those is its online store, which allows users to select from a variety of videos 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. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. Some may be more laid back and not very often active, while another may be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus and members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they may travel. They can also gain hands-on experience trading on 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 decades of experience in the line, we believe Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as proficient in handling trading matters however, experienced traders know how it works along with the risky mix associated with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to improve their skills in trading. Like novices, 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. Experts who have been verified can also participate in the excitement! Trade professionals who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Below Deck Tip
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the many services the platform has to offer
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 a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, it is best to keep an open mind. Timothy Sykes Below Deck Tip
What we do mean”yes” is it can be a great learning tool. People who are stuck might be able to find Profit.ly’s variety of resources helpful in their efforts to avoid losses and perform better than before. It’s not only the 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 fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Below Deck Tip
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the “My Trade category on the dashboard. It allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market left and right.