Stock trading is an extremely risky game. Some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be very difficult to get back to the point you were at your most productive. If you are always in the mud You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve found a platform that can support you to improve your performance in the industry. In this review, we’ll be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Tim Bohen Profitly
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed responsible, transparent, and to build relationships with each other through its broad array of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication, it helps traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries that the site. Consider it the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all 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 is humanly possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” The concept, he added, served two purposes: 1) making public records for everyone, not just the experts, but also the newsletter writers and students and secondly) making it possible for anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Tim Bohen Profitly
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed towards achieving achievement. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at the performance of the trading community and its experts. It’s not only a chance to demonstrate value to a large group of traders, but you can also utilize Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging 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 trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition into a larger market because they can access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trading professional. At the age of 25 Sykes was given greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their combined years of experience. Tim Bohen Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: Founder and 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: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Tim Bohen Profitly
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. Additionally you’ll also gain an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed up for this package, you will be immediately offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless process by itself.
The list of features you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. If you do want to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of the majority of features available in the Novice plan. This plan allows that you can create an account that is private to share with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to develop their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able view the statistics of other traders this might be a drawback for some who may be eager to try this new tier. Tim Bohen Profitly
This is by far the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which allows users to choose from a wide array of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly, it is seen as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the listed members. One might be more laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able to choose from the items from its online store to carry with them wherever they go. You can also get hands-on experience trading on the platform, but eventually they’ll realize that the process is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the stack full of risks that come with it. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Tim Bohen Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for all
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its customers
- As traders may opt to make any type of trade, there is a possibility that some of them will profit by cherry-picking the best trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have an open mind. Tim Bohen Profitly
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s range of resources useful when they try their best to incur lesser losses and perform better than they did before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you really care about being better at trading and wish to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Tim Bohen Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the “My Trade’ category of the dashboard that lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot 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 an excellent probability that it’s verifiable. This is shown by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.