Stock trading can be an extremely risky game. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen 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 You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve identified an option that can help you in your growth in the market. This review will be taking a look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Timothy Sykes From Below Deck
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people new to trading and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” The idea was, he said, serving two objectives: one) making public records for not just the gurus as well as students and newsletter writers as well as) making it possible for everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes From Below Deck
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared toward success. You may set up an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out 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.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll have an opportunity to make 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 an insight into the performance of the trading community as well as its experts. You’re not just allowed to show that you’re worthy to the large group of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may opt to post your trades, either verified or not, by taking screenshots. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile as well as other 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 guru who is famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading can be seen as a stepping stone for small businesses to transition to a large marketplace as it allows them to access money from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as a trader. When he was 25 years old, he had been given more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made substantial amounts of money from their collective years of expertise. Timothy Sykes From Below Deck
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes From Below Deck
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, and email and SMS alerts.
The film “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 the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your hands 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 ability to verify the results of your trades and track profit as well as leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re looking to gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics this might be a drawback for those anticipating this level. Timothy Sykes From Below Deck
This is by far the most luxurious package Profit.ly can offer to experienced traders. With $74.95 per month, and 22% off for billing annually the Pro plan has everything. It gives you full, unlimited access to all features of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating your own private profile. Both of these options, plus the other benefits that you can use to the maximum extent. If you’re looking for 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
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, which allows users to pick from a range of video products that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. Some may be a laid-back person who is not very often active, while another might be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room tips by its internal gurus and members. Additionally, they can choose from the items in its online store for them to take wherever they be. They can also gain hands-on experiences by trading through the platform, however they’ll realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to them as the newcomers. Although the novices might not be as proficient in managing trading however, experienced traders know how it works along with the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes From Below Deck
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s numerous packages and services offered could be too much for the majority of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes From Below Deck
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck could be able to find Profit.ly’s variety of resources useful when they try their best to reduce losses and perform better than before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes From Below Deck
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the “My Trade category on the dashboard that allows you to post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.