Stock trading is an exciting game with high stakes. On some days, you may enjoy the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it can be extremely difficult to get back to where you were your most productive. If you are always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve identified an online platform that will help you in your growth in the market. We’ll be taking the time to 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. 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 Took Back
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed and accountable, as well as transparent and encouraging one another through its wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders new to trading as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication that help traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was based “on the transparency of every trade, something that was never prior to.” This idea, he added, served two objectives: one) creating public track records for everyone, not just the experts and students and newsletter writers as well as) allowing all users to be enlightened by both losses and wins for the trading industry’s benefit. Timothy Sykes Below Deck Took Back
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving success. It is possible to create an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot 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 glimpse of how the community of traders performs and its gurus. You’re not just allowed to prove value to a community of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account then you could opt to post your trades, verified or not, by taking 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 Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each share. Penny stock trading could be viewed as a stepping stone for small companies to move to a market that is larger as they can access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as a trader. At 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial profits from their combined years of expertise. Timothy Sykes Below Deck Took Back
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app 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 highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month this is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both 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 all-time trading profits. Timothy Sykes Below Deck Took Back
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. Additionally you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership levels, each designed for traders with different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign up for this package, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you do want to get an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of many of the features of the Novice plan. In this plan, that you can create an individual profile that allows you to share with other associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their skills in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to view other traders’ statistics, which could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Below Deck Took Back
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, and an additional 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of other services they provide. One of these is its online store, where customers can select from a variety of video products that are designed to educate and help you understand the ins and outs of trading. All of the products featured on this page of the website can be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You’re probably familiar with the chat room as you can see it across social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One might be a laid-back person who is less active, while another may be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able to select from the products from its online store for them to take wherever they be. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a risky game that shouldn’t be taken 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 those who are just starting. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works along with the risky mix associated with it. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Below Deck Took Back
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, communication, and trading tools
- You will be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the many services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always meant to be designed in this way. Instead, you should have the ability to think with an open heart. Timothy Sykes Below Deck Took Back
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s array of resources useful as they do their best to incur lesser losses and be more successful than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being more successful in trading and would like to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Below Deck Took Back
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the “My Trade category on the dashboard which lets you record your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many 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 to help one another learn and improve in acquiring opportunities on the stock market left and right.