Stock trading is a high-stakes game. Some days, you may have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be extremely difficult to get back to where you were at your best. If you find yourself immersed in the water, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners 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 an in-depth look at Profit.ly A well-respected 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 Profitly Without A Bank Account
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed, transparent, accountable, and encouraging one another through its wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people who are just beginning their journey as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: 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 expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that was never done before.” The idea, he added, served two goals: 1.) creating public track records for not just the gurus, but also the newsletter authors and students and secondly) allowing all users to gain insight into both the wins and losses for the trading industry’s benefit. Profitly Without A Bank Account
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared at achieving achievement. You may set up an account at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Making an account easy: create an account with your experience and knowledge, then connect your brokerage account, and you have yourself a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at their performance as a trading group as well as its gurus. It’s not just a way to show that you’re worthy to the community of traders, but you can also use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the veracity of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could opt to post your trades, either verified or not, via pictures. In Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile, and more ways to interact with your experts through the chatroom along with 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 guru who is famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trader. At the age of 25, he had been given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made significant amounts of profit through their years of expertise. Profitly Without A Bank Account
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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
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. Priced at $149.95 per month, it is a great option for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profitly Without A Bank Account
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager 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 up and running. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign up for this package, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with 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, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package lets you to take advantage of many of the features of The Novice package. This plan allows that you can create a private profile for sharing with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their skills in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to view the statistics of other traders that could be a problem for some who may be eager to try this new tier. Profitly Without A Bank Account
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, with an additional 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all features of the previous plans.
You’re not only able to view other people’s stats and data, but you also have the chance to create an individual profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few additional services that it can offer. One of those is its online store, where customers can select from a variety of video products that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. 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 offer live chat assistance. But on Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. Some may be more laid back and less active, while another might be more online and communicative to their pupils. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products in its online store for them to take wherever they go. You can also get hands-on experiences by trading through the platform, however they’ll realize that trading is a risky game that shouldn’t be taken as a joke.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works and the risky mix that it carries. It is ideal to make use of Profit.ly’s array of features to their full advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals 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 in order to guide them through the ever-illustrious trading process. Profitly Without A Bank Account
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You get to receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the number of services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Profitly Without A Bank Account
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s array of resources to be helpful in their efforts to reduce losses 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!
If you really care about being more successful in trading and would like to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Without A Bank Account
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades in the My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will 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 be listed in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.