The stock market can be an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be very difficult to get back to where you were at your best. If you’re constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require 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 world, which is why we’ve discovered an online platform that will help you in your growth within the field. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Prodigy Math
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it the social media equivalent the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea was, he said, serving two objectives: one) keeping track of public data for not just the gurus and newsletter writers and students as well as) making it possible for all users to be enlightened by both the wins and losses to the benefit of the trading industry. Prodigy Math
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared towards achieving success. You may set up an account there for free, but you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at how the community of traders performs as well as its experts. It’s not only a chance to show value to a community of traders, as you can also use Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking your brokerage account, you can choose to publish your trades, verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, along with text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading can be seen as an avenue for small companies to move to a market that is larger as it allows them to access money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal through his many years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trader. At the age of 25, he had been given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money from their combined years of knowledge. Prodigy Math
At its peak, 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 gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Prodigy Math
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed to this plan, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your fingers on what call a competitive procedure in its own.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even chatting with your fellow 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 looks attractive just by the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re interested in have an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from The Novice package. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their trading skills. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ stats this could be a problem for those eager to try this new tier. Prodigy Math
This is by far the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, and a 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the features of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating an individual profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of more services it has to offer. One of them is the online store, where customers can select from a variety of instructional videos that are created to help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are as well part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms in addition to a few special websites that offer live chat assistance. However, in Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One of them may be laid back and not very often active, while another may be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they travel. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be treated as a joke.
For the traders with years of exposure down the road, we consider Profit.ly equally suited to people who are just beginning. While the newbies may not be as adept at dealing with trading issues however, experienced traders know how it works along with the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to develop their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Prodigy Math
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and tips from the inside experts, as well as libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them will profit by cherry-picking the best trades to improve their ratings This could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of features the platform is able to offer
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Prodigy Math
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources useful when they try their best to incur lesser loss and perform better than before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being a better trader and want to be taught by your peers and experts on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Prodigy Math
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion within the “My Trade section of the dashboard. It lets you record your trades, verifiable or not. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities in the stock market both right and left.