The stock market can be a high-stakes game. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse and it can be very difficult to get back to the point you were at your most productive. If you are constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered a platform that can support you in your improvement in the industry. In this review, we’ll take the time to look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Mgt Profitly
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 informed and accountable, as well as transparent and encouraging one another through its wide range of features and tools such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” The idea was, he said, serving 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 anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Mgt Profitly
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed at achieving achievement. It is possible to create an account there for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate value to a group of traders. You can also use Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account you may opt to post your trades, either verified or not, by taking photographs. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom 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 has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is a stepping stone for small companies to move to a large marketplace as it gives them access to capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you through his many years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for openness, 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 wide range of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial profits from their combined years of expertise. Mgt Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices; email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, such as alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Mgt Profitly
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition, you’ll also get access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re looking to get an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from The Novice package. This plan allows that you are able to create an account that is private to share with other associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able view other traders’ stats, which might be a drawback for those who are looking forward to this tier. Mgt Profitly
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month with 22% off when billed annually, this tier has everything. It gives you full, unlimited access to all features from the two prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. These two features are in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which lets users choose from a wide array of videos designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You may be familiar with the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One might be a laid-back person who is not very often engaged, while another could be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able to select from the products on its store online that they can take with them wherever they go. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that this is a risky game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to them as those who are just starting. Although the novices might not be as well-equipped with handling trading matters however, experienced traders know how it works and the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to develop their trading skills. Like novices, they can learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Mgt Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and insights from its internal experts, which include libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its users
- If traders decide to post any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to increase the rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of an answer to this question, it’s yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, you should have an open mind. Mgt Profitly
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources useful as they do their best to incur lesser losses and be more successful than before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be more successful in trading and would like to learn from your mentors and peers along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Mgt Profitly
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’ category of the dashboard. It lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot 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 an excellent probability that it’s verifiable. This is evident by the blue check mark. If you post it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Does 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 the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.