The stock market can be an extremely risky game. Some days, you could have the benefit of pleasing and positive numbers. On other days it could be the reverse and it can be very difficult to get back to where you were at your best. If you are constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your growth within the field. In this review, we’ll take 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.
Total Rating: 4.1/5 Timothy Sykes On Below Deck
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide variety of tools and features like trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are just beginning their journey and as a hub 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 connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Think of it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never prior to.” The concept was, he said, serving two goals: 1.) creating public track records for not just the gurus and newsletter authors and students and secondly) giving everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Timothy Sykes On Below Deck
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed at achieving success. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to demonstrate that you’re worthy to the community of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re confident in their skills and the legitimacy 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, verified or not, by taking pictures. In Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms as well as 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 guru who has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed 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 make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money through their years of knowledge. Timothy Sykes On Below Deck
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate 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 as well as Android devices; texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, it is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver offers all the essential features of prior plans, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes On Below Deck
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. On top of that you’ll also gain access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that cater to traders at different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign to this plan you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of the majority of features available in the novice plan. This plan allows that you can set up a private profile to share with other associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their skills in trading. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ statistics that might be a drawback for some who may be eager to try this new tier. Timothy Sykes On Below Deck
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 per month, with an additional 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all the features of the previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of them is the online store, which allows users to choose from a wide array of video products designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the site can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You are probably familiar with the concept of the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time area where experts and members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. Some may be a laid-back person who is not very often engaged, while another could be more active and in touch to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts as well as their members. Additionally, they can choose from the items in its online store for them to take wherever they may be. You can also get hands-on experience trading on the platform, however, they will soon learn 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 equally suitable to the newcomers. Although the novices might not be as proficient in handling trading matters, the pros already understand the way it functions and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s range of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Timothy Sykes On Below Deck
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to increase the rating This could be a concern that should not be ignored.
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the many services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be 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 designed to be used to achieve this goal. Instead, you need to have an open mind. Timothy Sykes On Below Deck
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser losses and perform better than they did before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you truly want to become more successful in trading and would like to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes On Below Deck
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the My Trade category on the dashboard. It lets you post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.