Stock trading can be an extremely risky game. On certain days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to the point you were at your peak. If you’re constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses 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 globe. That’s why we’ve found an online platform that will help you to improve your performance within the field. We’ll be taking a look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Tim Sykes Vs Steven Dux
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative, transparent, accountable, and to build relationships with one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders new to trading and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide array of options for trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been done before.” This idea Sykes said served two objectives: one) creating public track records for everyone, not just the experts as well as newsletter authors and students and secondly) making it possible for all users to learn from both the wins and losses for the trading industry’s benefit. Tim Sykes Vs Steven Dux
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared at achieving achievement. You may set up an account there for free, but you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s deals, 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 your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs and its gurus. It’s not only a chance to demonstrate that you’re worthy to the large group of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking the details of your broker account you may choose to publish your trades, verified or not, via screenshots. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts via chatrooms along with email and text alerts 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 efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks is a stepping stone for small companies to move into a larger market because it allows them to access money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing 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 sweet inclusions is the vast array of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their combined years of experience. Tim Sykes Vs Steven Dux
At its height, Profit.ly had housed up to five gurus, all 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 others. As of this writing, however, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will see him focus on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, this is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Tim Sykes Vs Steven Dux
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that you’ll also gain access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels, each designed for traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. As you sign up for this package, you will be immediately offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even texting other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you’re interested in get an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. This plan allows that you can set up a private profile for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their expertise in trading. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ statistics that could be a disadvantage for those who are eager to try this new tier. Tim Sykes Vs Steven Dux
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount when billed annually, this tier has it all. You get full, no-holds-barred access to all the features from the two prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create a private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of other services they offer. One of them is the online store, which allows users to choose from a wide array of videos designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and 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 integrated chat rooms are as well part of Profit.ly’s variety of features and services. You may be familiar with the chat room as you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members. Some may be more laid back and less engaged, while another could be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room advice from the in-house experts as well as their members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in managing trading but the experts already know how it works along with the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Tim Sykes Vs Steven Dux
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to be taught by experts and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of packages and products offered may be too much for most of its users
- If traders decide to post 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 risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users will immediately take advantage of the numerous services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be a ‘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, you should have curiosity. Tim Sykes Vs Steven Dux
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s range of resources useful as they do their best to incur lesser losses and perform better than before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you really care about being a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Vs Steven Dux
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades under the My Trade category on the dashboard. It lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is the probability that it’s verifiable. This is shown by the small blue check. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people 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 assist each other to develop and grow in their ability to take advantage of opportunities on the stock market both right and left.