Stock trading is a high-stakes game. Some days, you may have the benefit of pleasing and positive numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to where you were your most productive. If you find yourself immersed in the water it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your improvement in the industry. This review will be taking a 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.
Total Rating: 4.1/5 Profitly Without A Bank
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative, transparent, accountable, and to build relationships with each other through its broad range of features and tools like trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades 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 accept fake news as long as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The idea, he added, served two purposes: 1) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers and secondly) allowing all users to gain insight into both losses and wins to benefit the industry of trading. Profitly Without A Bank
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared toward achievement. You can create an account there at no cost, however you’re limited to 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, you will need to join one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a look at the performance of the trading community and its gurus. It’s not just a way to show your worth to a large group of traders, but you are also able to use Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you may choose to publish your trades, verified or not, via pictures. 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 connect with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet 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 Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks is a stepping stone for small businesses to transition to a market that is larger as it gives them access to capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place for transparency, 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 most appealing features is the wide range of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their combined years of expertise. Profitly Without A Bank
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices, as well as text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month it is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly Without A Bank
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
From “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 the 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 the previous ones. On top of that, 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 looking to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this plan you’ll be provided with a variety of powerful and essential trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do using 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 texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price, there is a downside. You can’t create a private account, making your actions public. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
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 can set up an individual profile that allows you to share with other associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their expertise in trading. While it’s nice, there is one significant aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ statistics, which could be a disadvantage for some who may be looking forward to this tier. Profitly Without A Bank
Pro Plan
This is by far the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, which includes a 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all the features from the two prior plans.
Not only do you get to view other people’s stats and data, but you also have the chance to create your own private profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of more services it has to offer. One of them is the online store, which allows users to select from a variety of video products created to guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You may be familiar with chat rooms since you can see it across 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 hands-on area where experts and members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One of them may be more laid back and rarely active, while another may be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room tips from the in-house experts and their members. They’ll also be able to select from the products on its store online for them to take wherever they be. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be taken as a joke.
For traders who have decades of experience in the line, we believe 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 handling trading matters, the pros already understand how it works along with the stack full of risks associated with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the excitement! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Profitly Without A Bank
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and insights from its internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, you need to have an open mind. Profitly Without A Bank
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s array of resources to be helpful when they try their best to avoid losses and perform better than they did before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Without A Bank
How do you use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the My Trade’ category of the dashboard. It lets you post your trades, either verified or not. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.
