The stock market can be an exciting game with high stakes. Some days, you could have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to return to where you were your best. If you’re always in the mud You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the world, which is why we’ve discovered a platform that can support you in your improvement in the industry. We’ll be taking a look at Profit.ly is a well-known 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 Etrade Vs Suretrader 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was based “on showing every trade, something that was never previously done.” The concept, he added, served two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter authors and students and secondly) allowing all users to be enlightened by both the wins and losses to benefit the industry of trading. Timothy Sykes Etrade Vs Suretrader 2021
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving achievement. You may set up an account there for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
Making an account easy: create an account that includes your personal information and skills, join your brokerage account, and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to prove that you’re worthy to the group of traders, but you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable 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, via screenshots. Included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile and other methods to connect with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small businesses to transition into a larger market because it gives them access to capital 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 over $6 million of profit during his long and successful career as a trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish 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 played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned substantial profits from their combined years of experience. Timothy Sykes Etrade Vs Suretrader 2021
At its height, Profit.ly had housed up to five gurus, all of them a pro 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 others. As of this writing, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Etrade Vs Suretrader 2021
The Superman Alerts package is his package of vital 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 as well as the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign up for this package, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your personal information public. If you’re looking to have the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to take advantage of a majority of features from the novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their skills in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able view the statistics of other traders this could be a disadvantage for those who are eager to try this new tier. Timothy Sykes Etrade Vs Suretrader 2021
Pro Plan
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month with an additional 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all features of the prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating your own private profile. These two features are in addition to the advantages you’ll be able to 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 tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, which lets users pick from a range of videos that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and footage from 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 variety of services and features. You’re probably familiar with chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members there. Some may be more laid back and rarely active, while another might be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can select from the products from its online store that they can take with them wherever they may be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll 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 line, we see Profit.ly equally suitable to the newcomers. While novice traders may not be as adept at managing trading but the experts already know how it works along with the risky mix associated with it. Ideally, they may use Profit.ly’s range of features to their best advantage to enhance their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints throughout the process.
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 on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Etrade Vs Suretrader 2021
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, 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 packages and subscription levels are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could be too much for the majority of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as the premium customers will immediately take advantage of the numerous services that the platform can provide
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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’s an affirmative “yes”. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Etrade Vs Suretrader 2021
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources to be helpful as they do their best to incur lesser loss and perform better than they did before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Etrade Vs Suretrader 2021
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the “My Trade’ category of the dashboard which allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.
