The topic of investing and trading is one of the most popular topics in personal financial management. For those looking to increase their income, the lure of making deals and earning profits has always attracted traders who are skilled in technical analysis and sound fundamental analysis.
With the amount of different financial products and strategies available in most markets, managing your position is at, and your overall performance becomes more and more a battle against rapid market movements and your ability to keep up.
Profit.ly is an online platform that aims to reduce the disparities in skill between professional and amateur traders. It opens communication channels between them and creates an open community for sharing information on the best and worst trades on the markets.
This article will cover the Profit.ly platform and their “Guru”, pricing, and overall impressions of Profit.ly as a trading resource.
Before you go on, you may want to watch this video by Mr. Longevity on YouTube that gives a quick review. After, you’ll want to read the rest of our article for a more comprehensive review.
Profit.ly Features Tim Sykes Aveo
Trading is challenging; this is a lesson learned by both pros and newbies consistently throughout their careers. However, this doesn’t mean you shouldn’t be able to get help from others. Profit.ly allows traders to share information about viable trades and price movements, without having to worry about their anonymity.
Profit.ly is a way to socially trade in a new innovative way. It features mentors, groups and leaderboards that show who is doing the best deals and which strategy. Take the sociability of Facebook and insert the competitive nature of your favorite arcade game; you then have Profit.ly.
But don’t think Profit.ly is just a place to talk to other traders about their buy and sell strategies. Profit.ly memberships include performance trackers that allow you to monitor the progress of your deals and see how each sale affects your overall portfolio. Most trades on the platform focus on short-term swings or intra-day trading, which can create jitters for some, but it is where you can find the action happening. Profit.ly helps you by managing the data and showing you your deal performance in real-time.
Profit.ly can give you insights into many critical aspects of your trading routine, including:
- Total Running Net Profit
- Gross Profit
- Trade Volume
- Percentages of Gain and Loss
- Average Gains/losses
- and much more.
Some of these tools may already be part of your standard brokerage account suite. However, suppose you’re running several brokerage accounts or want to manage several accounts on different platforms. In that case, Profit.ly can provide a singular source to collate and view your overall performance on a macro-level. You want to find out which portion of your portfolio is too risky? Which one is the best performer? Profit.ly’s deal tracker makes a great daily trading companion.
Trade Leaderboard and Deal Verification
Trade performance does not have to be a matter of your own enjoyment. The trade leaderboards bring joy to the otherwise difficult task of monitoring and maintaining your portfolio’s performance.
Profit.ly allows you to view the top performing dealers who have shared their deal metrics and can even see the trading strategies they use in their shared posts. You can share materials and links to deal strategies that you have found useful in your career if you are the top dealer. Sharing is the name of the game here, and helping one user may end up benefiting you as well.
You also get the benefit of sharing your losses with other users experiencing a trade loss. Always better to share your grief in life and finances.
Profit.ly also includes an automatic authentication system within their user portals so you can easily sync up your brokerage accounts with your Profit.ly profile. Profit.ly even offers a funny demerit system, called “Maddoff-ed”, after the infamous Bernie Maddoff’s Ponzi-hedge fund. Any user can designate any other user that fails to authenticate deals using a Madoff tag. So much so that there is an ironic “leaderboard” for users with most Madoff demerits.
Profit.ly members have access to this leaderboard as well as other positive leaderboards that feature the highest-earning users. This is a handy resource for users looking to see whom to follow (and not to follow) regarding trade management and marketing. You can filter the leaderboards and your account based on specific terms to gain a better understanding of your account.
Keep Up with Other Traders
You can easily network with any user you find interesting, widening your contacts within the industry as well as lending your own trading experience to others who may need your expertise in trading. Shoot them a private message or post on their wall to start interacting with Profit.ly’s community of traders.
In keeping with this social aspect of the Profit.ly platform, you can even follow the progress of other traders and view what developments they are having with their trades in real-time. You can follow as many traders you like and create a curated feed with your favourite traders so that you don’t miss out on any good deals.
Your profile can be curated to highlight the items that you would like other traders to see. You can create a small group to help you strategize with traders.
But maybe all this socializing isn’t necessarily up to your speed. While other traders can help you develop new trading strategies and offer advice, it may not be your speed. Not to worry, Profit.ly comes with tools and options to fully privatize your profile so that you can keep your information and your trades viewable to you and you alone.
Profit.ly Package Pricing
Profit.ly offers both a free and tiered plan that you can subscribe, with each tier offering different benefits and consequently higher prices.
Profit.ly’s social trading platform is free to you. They have a simple set-up procedure to allow you to participate using just your email and your chosen screen name. You can start to enjoy limited privileges as a Profit.ly member by confirming your email via the registration email. These benefits include:
- importing trades from a brokerage account
- View Account Data and Reportage
- See your rank on the Leaderboards
- View the blog and other community posts
Be warned, though; you may be locked out of some features that paying Profit.ly users enjoy, as well as experience some setbacks in accessing chat functions and some of the more advanced blog tools.
Still, this accessible account option is excellent for those looking to get into a community of traders and start their trading journey.
You can upgrade to the Novice Package for $29.95 per month if you are interested. It includes all of the features mentioned above and allows you to verify, track and report trades within the community. You can also comment on posts and user profiles. You can also begin following users on their trading performance, communicate with them more robustly with Profit.ly’s full chat suite, and view other trader stats to see how they are doing in specific deals and portfolios.
Trading is serious business. You may be aware that it is important to keep certain positions secret if you are serious about trading. If you expose your work to the wider market, it could lead to it moving against you. You may be in a position that is sufficiently significant to be made public that you can expect to suffer a series of losses.
You can create a private profile with the Trader package for $49.95 per month. This may be a sign to the community that you are an experienced trader who keeps their cards close to your chest. You can keep your trades and subsequent losses private.
The Trader package includes all of the features in the Novice and Free packages. However, there is one important exception: you can view other stats. Due to the focus on individual trade performance, the trader package forgoes the ability to view other trader’s versions to keep their profile hidden from the users on the platform.
I’m sure there will be some of you who will look at all three of the previous packages and wonder if there is an all-encompassing model which hands you the reins to the website’s many advanced features.
This model is called Profit.ly’s Pro Package, which comes at a sizable $74.95 a month, though there is a 22% discount available for those who are willing to pay the fees in bulk for an annual subscription plan.
Please think of the Pro Package as a synergy of all the features found in the Novice and Trader packages: you get to continue to view user statistics while allowing yourself the option of privacy in the moments when you need it most.
This package is reserved only for the most serious traders and users who have the financial means to subscribe to the plan.
Profit.ly’s Guru System is an exclusive part of the platform. While Profit.ly primarily markets itself as a social trading platform, it is also a resource center for learning about some tips and tricks regarding market performances and unknown signals to the everyday trader.
While there are many options available that can teach you how to trade in a certain way (which is also available on the Profit.ly platform), the Guru System is more hands-on, which allows you to learn from actual traders who’ve been in the industry for a long time, including Profit.ly’s founder Tim Sykes.
The Guru system is a separate subscription from the membership packages we’ve outlined above, as it gives you direct access to curated real-world tips on where the market is and how to make the most use out of current trends. You can currently subscribe to either Tim Sykes, or Paul Scolardi, as the Guru’s availability changes with time.
Guru 1: Tim Sykes
Tim Sykes is the most well-known name on the site. He has been a successful trader in penny stock markets and has made a name of himself. According to data listed on the site, his students have collectively made $16 million through trades he mentored. Tim Sykes Aveo
Tim offers mentoring in two packages: Tim’s alerts and Pennystocking Silver. Tim’s Alerts gives you access to his chat room, where you can communicate with him and his students. You also have the option to add up to 10 stocks to your curated watchlist. You can also opt-in for SMS, Email, and push notifications on your smartphone that can alert you to any key trades you may be watching out for. This plan comes at $74.95 per month, a whole separate subscription from the Profit.ly tiered membership packages. Tim Sykes Aveo
The more aggressive mentoring program Pennystocking silver is available for $149.95 per month. This Guru package includes all the features you see in Tim’s Alerts but contains his archive of roughly 7000+ video lessons on trading as well as weekly video updates.
Both packages can be subscribed to on a month-to-month basis, but you do get to enjoy a discount if you subscribe annually (around 20%). Tim Sykes Aveo
Guru 2: Paul Scolardi aka Superman
You can expect great things from Superman and other nicknames that will help you trade better and understand the market. Paul Scolardi wears the nickname well and proves to be a veteran smallcap swing trader. He specializes in finding explosive potential using market signals and is able to profit big from incoming swings. This is a true “Superman” level of market knowledge.
Like Tim, Paul has two options available for subscription: Superman Alerts and Superman Pro. Superman Alerts works in the same way as Tim Sykes’ alerts package, but costs $147 per month. The Superman Pro package is also similar as it grants you access to Paul’s entire video library of lessons as well as research reports and a handy IPO tracker for those of you who enjoy gaming the IPO-pops that occur with many new listings. This Pro package comes in at $247 a month in fees. Tim Sykes Aveo
Profit.ly may not be the next Facebook, but that may work in its favor as it focuses on a niche profession and allows its users to put their minds towards their trading and the community around it. The website itself is easy to navigate, and the blog tab offers a plethora of user-submitted topics so that you can see if anyone on the platform has similar inquiries as yourself. Tim Sykes Aveo
This is not a platform that guarantees “get rich quick”, but rather a social platform for traders to learn from one another and better understand the ever-changing financial markets. Try it out with their free plan, and if you like the platform, you can easily subscribe to some of the lower-tier intends to see what more you can do with the platform. It’s necessary to temper your expectations with what the platform can do for you financially, but you may learn a thing or two on the way to becoming a better trader altogether.
Most Frequently Asked Questions Tim Sykes Aveo
Does Profit.ly cost money?
As we mentioned above, Profit.ly has several membership options, with one being a free account and most requiring a paid subscription of some sort. Profit.ly offers several membership options. While you can do a lot with a free account. However, the majority of their more powerful systems require a paid subscription.
How do I open a Profit.ly Account?
Profit.ly accounts can be opened in seconds. You don’t have to pay anything and you can start building your profile right away. All you need to do is set up your account like any other social media platform and confirm the legitimacy of your email by verifying it through a registration email they will send you.
Profit.ly’s paid subscriptions require you to have a valid payment option and complete their secure online order form.
How do I cancel my subscription?
The accounts management page allows you to cancel your subscription at any moment and for any reason. Click your profile image at the top right corner of the screen and click settings. In the settings tab, you can see an option to manage your current subscriptions. Click on the subscription that you wish to cancel and then click on it again.
Support@profit.ly can be reached at 205-851-0506 if you have other questions. You can also use the support button tab on every page on the Profit.ly website or submit an easy-to-fill-out web form.
Who is Tim Sykes, you ask?
Tim Sykes, the man behind Profit.ly has been controversial due to his penchant for penny stocks, aggressive marketing style and his brazen persona. But his deals are legitimate, and his type of trading has profited him now and then.
Like any trader, he has experienced his fair share of losses. But Tim Sykes is willing to consistently learn from them and share these learnings with the Profit.ly community.