The stock market can be a high-stakes game. On some days, you might enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it can be very difficult to return to where you were your peak. If you find yourself always in the mud You will need to realize that relying 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 sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve found an option that can help you in your growth in the market. This review will 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 Outside Of Below Deck
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be informative responsible, transparent, and to build relationships with each other through its broad range of features and tools including trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” This idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus as well as students and newsletter writers as well as) giving all users to gain insight into both losses and wins to the benefit of the trading industry. Timothy Sykes Outside Of Below Deck
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared toward success. You can create an account there for free, but you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the community of traders, as you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you are unsure about the concept of leaking the details of your broker account then you could opt to post your trades, verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as a trader. When he was 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial profits from their combined years of expertise. Timothy Sykes Outside Of Below Deck
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous gurus 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: 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 we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month it is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans including swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Outside Of Below Deck
The Superman Alerts plan is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign to this plan you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
The list of features you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, which makes your personal information public. If you’re interested in get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the novice plan. In this plan, that you can set up an account that is private to share with other associate users all your knowledge 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 harness their skills in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able to see other traders’ statistics, which could be a disadvantage for those who are eager to try this new tier. Timothy Sykes Outside Of Below Deck
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. With $74.95 monthly, which includes a 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all features from the two previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create an individual profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and 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 guide you through the ins and outs of trading. The products listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You are probably familiar with the chat room as you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. Some may be more laid back and not very often engaged, while another could be more active and in touch to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. Additionally, they can select from the products on its store online for them to take wherever they go. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to the newcomers. While the newbies may not be as well-equipped with handling trading matters, the pros already understand the way it functions and the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to develop their trading abilities. 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 and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Outside Of Below Deck
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the number of services that the platform can offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with the answer, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you need to have curiosity. Timothy Sykes Outside Of Below Deck
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s variety of resources helpful in their efforts to reduce losses and be more successful than they did before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Outside Of Below Deck
How do you use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade section of the dashboard that allows you to post your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.
