Trading and investing have got to be one of the consistently hottest topics around 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.
You have many options for financial strategies and products, making managing your position more difficult. This can make it more difficult to manage your performance and keep up with the rapid market changes.
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 discuss the systems that make up the Profit.ly platform, their “Guru” system, the pricing behind their services, and our overall impression of how Profit.ly does as a trading resource.
Before you continue, you may want to watch this video by Mr. Longevity on YouTube that gives a quick review. After, you will want to read the rest of our article for a more comprehensive review.
Profit.ly Features Tim Sykes Breakouts
Trading can be difficult. This is something that both professionals and novices have learned throughout their careers. But it doesn’t mean that you can’t get help from your fellow man. Profit.ly provides the platform for traders to freely share their information on viable trades and possible price movements without fear of losing 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. Profit.ly is a combination of the social nature of Facebook and the competitive nature of your favorite arcade game.
Profit.ly is not just a forum for traders to discuss their 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. The platform’s trades are primarily short-term swings and intra-day trading. This can cause jitters, but it is where the action is. Profit.ly allows you to manage your data and show you how your deals are performing in real time.
Analytics for Trading
The Profit.ly platform can provide you analytics into several critical factors in your daily trading regiment, such as:
- 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 is the best performer of your portfolio? Profit.ly’s deal tracker makes a great daily trading companion.
Trade Leaderboard and Deal Verification
Your trade performance doesn’t have to be limited to your isolated enjoyment. Their trade leaderboards help bring the joy of a community experience to the ordinarily tricky process of maintaining and monitoring your portfolio 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. Helping one person may be a way to benefit you in the future. Sharing is the key here.
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. Ironically, there’s even a “leaderboard” of Madoff-related users.
Profit.ly members have access to this leaderboard as well as other positive leaderboards that feature the highest-earning users. This leaderboard is useful for those who want to know which people to follow in marketing and trade management. The leaderboards and your account can be filtered according to specific terms for better analysis later on.
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. If you’re looking to build a small group of traders to strategize your coming deals with, then you can start posting about your strategies on your profile and see who hits you up on your feed.
But maybe all this socializing isn’t necessarily up to your speed. Sure, other traders help build new trading strategies, but perhaps you don’t want your deals to be spread throughout the platform for everyone to scrutinize. Profit.ly offers tools and options that allow you to completely privatize your profile. This will ensure that your trades and information are private to you.
Profit.ly Package Pricing
As with many online services nowadays, Profit.ly has both a free plan and tiered paid plans that you can subscribe to, each tier conferring different benefits at subsequently higher prices.
Profit.ly’s social trading platform is free to you. You can join Profit.ly’s social trading platform by using your email address and 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 accounts
- View Account Data and Reportage
- See your rank on the Leaderboards
- Check out the blog and other posts from the community
You should be aware that you might not have access to certain features paid Profit.ly users enjoy.
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. Not only does it include all the features of the free account as stated above, but it also allows you to verify and track trades across the community and comment on user profiles and posts. Profit.ly allows you to follow other traders and communicate more effectively with them using the full chat suite. You can also view trader stats and see their performance in particular deals or portfolios.
If you’re serious about trading, you may know that an essential aspect of any good trade is keeping certain positions confidential. When you divulge your work to the broader market, you may start seeing it move 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. This way, you can keep your deals and their subsequent gains/losses private to you and you alone.
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.
There will be those who look at the three previous packages and wonder whether there is a more comprehensive model that gives you full control over the site’s advanced features.
Profit.ly’s Pro package is the name of this model. It costs $74.95 per month. However, there is a 22% discount for those who pay in bulk for an annual subscription plan.
The Pro Package is a combination of all the features in the Novice or Trader packages. You can view user statistics and have privacy at the times you need it.
This package is reserved for those most serious about getting the most out of the Profit.ly platform, so expect many of these users to be seasoned traders or users with deep enough pockets to afford the plan on a subscription basis.
Profit.ly’s Guru System is an exclusive part of the platform. Profit.ly is a social trading platform that focuses on the market, but it also offers a resource center where traders can learn about tips and tricks to improve their performance in the markets.
There are many resources that will teach you how trades work (which can also be found on Profit.ly), but the Guru System is more practical and allows you to learn directly from traders who have been in the business for a while, such as Profit.ly founder Tim Sykes.
You can subscribe to the Guru system separately from the other membership packages. It gives you access to real-world tips and insights on the market, how to get the most out of current trends, and where it is. 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. His students have made $16million through the trades they mentored, according to data on the site. Tim Sykes Breakouts
Tim offers mentoring in two packages: Tim’s alerts and Pennystocking Silver. Tim’s Alerts grants you access to his exclusive chat room so you can direct communication with him and his other students, as well as 5 to 10 different stocks to be added to a curated watchlist. You can opt-in to receive push notifications and SMS via your smartphone. These notifications will alert you about any important trades that you are watching. This plan is $74.95/month, and it’s a separate subscription to the Profit.ly-tiered membership packages. Tim Sykes Breakouts
Pennystocking Silver is Tim’s more aggressive trading mentorship available at $149.95 per month in subscription fees. The Guru package contains all of the features in Tim’s Alerts, but also includes his archive of approximately 7000+ trading lessons and weekly 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 Breakouts
Guru 2: Paul Scolardi aka Superman
With a nickname like Superman, you can be sure to expect some great things to improve your trading and your overall understanding of the market. Paul Scolardi is a veteran small-cap swing trader who proudly wears the name. He specializes in finding explosive potential using market signals and is able to profit big from incoming swings. That’s a “Superman” power in terms of market understanding if there ever was such a thing.
Like Tim, Paul has two options available for subscription: Superman Alerts and Superman Pro. Superman Alerts functions similarly to Tim Sykes’ alerts package but comes at a higher price point of $147 per month. Superman Pro is similar to the Tim Sykes package, but it gives you access to Paul’s entire video library and research reports. It also includes a handy IPO tracker that allows you to play the IPO-pops associated with new listings. This Pro package comes in at $247 a month in fees. Tim Sykes Breakouts
Profit.ly is not the next Facebook. However, it may be a good choice as it focuses only on one niche and allows its users the freedom to trade and interact with the community. The site is simple to use, and you can check out the blog tab for similar topics submitted by users. Tim Sykes Breakouts
It’s important to note that this is not a guaranteed “get-rich” platform but rather a social platform to bring together a community of traders, both expert, and novice, and learn from each other better to understand the increasing complexities of a modern financial market. 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. You need to be realistic about what the platform can do financially. However, you might learn some things along the way to becoming an even better trader.
Frequently Asked Questions Tim Sykes Breakouts
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. While you can get plenty done using a free account, most of Profit.ly’s more robust systems can only be accessed through their paid subscription packages.
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.
For Profit.ly’s paid subscriptions, you will need to have a valid payment method and submit your details on 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. You can manage your subscriptions by going to the settings tab. Click on the subscription that you wish to cancel and then click on it again.
If you have any other concerns, you can contact firstname.lastname@example.org or call their hotline at 205-851-0506. 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?
The man behind Profit.ly, Tim Sykes, has been a somewhat controversial figure in trading due to his focus on penny stocks, his aggressive marketing style, as well as his brash persona. His deals are legitimate and his trading style has made him a successful trader.
He has had his share of losses, just like any trader. However, Tim Sykes is open to learning from these losses and sharing his knowledge with Profit.ly.