Stock trading is an extremely risky game. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your most productive. If you find yourself immersed in the water it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your growth within the field. We’ll take the time to look at Profit.ly, a well-recognized one-stop 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
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative and accountable, as well as transparent and uplifting with each other through its broad array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders who are starting out and as a hub for experienced traders to track their performance through the use of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries that the site. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. 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 expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter writers and students and secondly) giving all users to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes Below Deck
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared at achieving achievement. It is possible to create an account on the site at no cost, however you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of how the community of traders performs as well as its experts. You’re not just allowed to prove that you’re worthy to the community of traders, as you are also able to use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you can choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a market that is larger as they can access funds from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made substantial profits from their collective years of experience. Timothy Sykes Below Deck
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who 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 packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, it is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Below Deck
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself via 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 the previous ones. In addition you’ll also gain an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this package, you will be immediately offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what we call a competitive procedure in its own.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm 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 can also get on leaderboards; analyze your trades, sort and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you do want to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. In this plan, that you are able to create an account that is private for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire 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 won’t be able to view other traders’ stats this could be a problem for some who may be eager to try this new tier. Timothy Sykes Below Deck
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, with a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features from the two previous plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of additional services that it can offer. One of those is its online store, where customers can select from a variety of video products that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other related to trading, videos and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. One of them may be a laid-back person who is less active, while another may be more online and communicative 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 variety of offerings and features cater to an array of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able choose from the items in its online store for them to take wherever they be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in handling trading matters but the experts already know the way it functions and the risky mix that come with it. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Below Deck
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for most of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to boost their rating this could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed in this way. Instead, you need to have curiosity. Timothy Sykes Below Deck
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being more successful in trading and would like to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Below Deck
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the My Trade’ category of the dashboard that lets you post your trades, either verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities all over the world.
