The stock market can be an exciting game with high stakes. On some days, you might have the benefit of pleasing and positive numbers. On other days, the opposite may happen and it can be extremely difficult to get back to the point you were at your peak. If you are immersed in the water You will need to realize that relying on instinct and survival is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve found a platform that can support you to improve your performance in the industry. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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 Etrade Vs Suretrader
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informed, transparent, accountable, and to build relationships with one another through its wide range of features and tools such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders new to trading and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade and letting traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of the platform. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was based “on showing every trade, something that was never prior to.” The idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts as well as newsletter authors and students and secondly) giving anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Etrade Vs Suretrader
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared toward success. It is possible to create an account for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate your worth to a community of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you are unsure about the concept of leaking your brokerage account, you can opt to post your trades, either verified or not, via screenshots. Also included in Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account and other methods to connect with your gurus through the chatroom as well as notifications via email or text 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 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 could be viewed as an opportunity for small companies to move into a larger market because it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell thanks to his years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trading professional. At 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning sources, 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 earned substantial amounts of money from their combined years of experience. Timothy Sykes Etrade Vs Suretrader
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for 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 highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in the previous plan, such as swing trading alerts as well as unlimited access to an extensive 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Etrade Vs Suretrader
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally, you’ll also get an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers, each designed for traders of different levels. Let’s look at what the three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what we call a competitive process in and of itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze your trades, sort and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. This plan allows that you can create an individual profile that allows you to share with other associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their trading skills. While it’s nice, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able view the statistics of other traders that could be a disadvantage for some who may be eager to try this new tier. Timothy Sykes Etrade Vs Suretrader
This is by far the most expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, which includes 22% off when billed annually This plan offers everything. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of these is its online store, where customers can choose from a wide array of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. The products listed in this section of the site can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other related to trading, videos and footage from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of services and features. You may be familiar with chat rooms since you can find it throughout 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 real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. Some may be laid back and rarely engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able choose from the items in its online store to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that this is a risky game that shouldn’t be taken as a joke.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable to those who are just starting. While novice traders may not be as well-equipped with managing trading however, experienced traders know the way it functions and the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Etrade Vs Suretrader
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You will be taught by experts and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its users
- Since traders can choose to open any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to increase the rating This could be a concern that should not be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed in this way. Instead, you should have curiosity. Timothy Sykes Etrade Vs Suretrader
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s range of resources to be helpful when they try their best to avoid loss and perform better than they did before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Etrade Vs Suretrader
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the ‘My Trade section of the dashboard that lets you post your trades, either verified or not. You may choose between three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is indicated with the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating 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 grow and learn more about acquiring stock market opportunities both right and left.