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.
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 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 overview. After, you’ll want to read the rest of our article for a more comprehensive review of Profit.ly.
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Trading is challenging; this is a lesson learned by both pros and newbies consistently throughout their careers. But it doesn’t mean that you can’t get help from your fellow man. 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. Profit.ly is a combination of the social nature of Facebook and the competitive nature of your favorite arcade game.
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. 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 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.
Now some of these may be included in your standard brokerage account suite of tools. But what if you have multiple brokerage accounts? Or what if you want to manage 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 is the perfect trading companion to have with you.
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. If you happen to be the top dealer, you can also share any materials and links to deal tactics that you might’ve found helpful in your career. 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 has an automated authentication system that allows you to sync your brokerage accounts with Profit.ly. 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. The leaderboards and your account can be filtered according to specific terms for better analysis later on.
Keep up with other traders
It’s easy to network with anyone you like, expanding your industry contacts and lending your trading expertise to others. Send them a private message, or post on their wall for interaction with Profit.ly’s traders community.
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.
Maybe all the socializing is not for you. 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.
Get a Free Account
First off, know that you don’t need to pay a single cent to join Profit.ly’s social trading platform. 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 accounts
- View Account Data and Reportage
- Check out your rank in the Leaderboards
- View the blog and other community posts
You should be aware that you might not have access to certain features paid Profit.ly users enjoy.
This accessible account option is still a great choice for traders who want to join a trading community and begin 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. 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. Have a significant enough position to be publicly exposed and expect to see a cascade of losses against you.
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. To keep trader profiles hidden from other users, the trader package does not allow them to see any trader’s versions.
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.
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.
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.
The Guru System is a unique part of the ecosystem that makes up the Profit.ly 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. His students have made $16million through the trades they mentored, according to data on the site. Timothy Sykes How To Make Millions Torrent Download
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 comes at $74.95 per month, a whole separate subscription from the Profit.ly tiered membership packages. Timothy Sykes How To Make Millions Torrent Download
Pennystocking Silver is Tim’s more aggressive trading mentorship available at $149.95 per month in subscription fees. 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.
You can subscribe to both packages on a monthly basis but get a discount of around 20% if you subscribe each year. Timothy Sykes How To Make Millions Torrent Download
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. Specializing in finding explosive potential based on market signals, he’s able to take advantage of incoming swings to pull in big profits. This is a true “Superman” level of market knowledge.
Paul, like Tim, has two subscription options: Superman Alerts or Superman Pro. Superman Alerts works in the same way as Tim Sykes’ alerts package, but costs $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. Timothy Sykes How To Make Millions Torrent Download
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 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. Timothy Sykes How To Make Millions Torrent Download
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. You can try it for free, and if the platform appeals to you, you can subscribe to the lower-tier plans to discover what else you can do on 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 Timothy Sykes How To Make Millions Torrent Download
Does Profit.ly cost money?
Profit.ly offers several membership options. One is a free account, while most require a paid subscription. 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?
You can open a Profit.ly account in a matter of seconds as it is free to join the platform and start building your profile. You can set up your account as any other social media platform. Once you have verified your email through their registration email, you will be able to confirm that it is legitimate.
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?
You can cancel your subscription at any time and for any reason through the accounts management page. 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.
Support@profit.ly can be reached at 205-851-0506 if you have other questions. You can also use Profit.ly’s support tab to submit a simple-to-fill out web form or click the button tab on any page.
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. 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.