Profit.ly, initially created by Timothy Sykes as a social platform centered around stock trading and investing, serves as a hub for day traders to discuss and showcase their trades.

This concept encourages traders to exchange strategies, insights, and their trading performance.

In 2023, Profit.ly continues to be a valuable resource for traders and investors, offering a platform to connect with peers, learn from seasoned traders, and diligently track their trading progress.

In this Profitly guide we cover all the things you need to know about the platform.

Who owns Profitly?

Profit.ly was created by Timothy Sykes, a well-known figure in the world of penny stock trading and investing.

Timothy Sykes created Profitly as a platform to share trading insights, strategies, and performance results with the trading community.

He wanted to make the financial industry more transparent as traders can share all their trades and day trading results with everybody.

How does Profitly work?

Profit.ly is a platform primarily designed for traders, particularly stock traders, to track and share their trading activity, strategies, and performance.

You can think of it like a Facebook or Twitter only created for day traders.

Here’s how Profit.ly typically works:

  1. Free Registration: Users start by registering for a Profit.ly account. There’s a free account to get started and also paid subscription plans available, each with varying levels of access to the platform’s features.
  2. Trade Tracking: Traders can use Profit.ly to track their trades. They input details such as the stock traded, entry and exit points, trade size, and the date and time of the trade. This data forms a comprehensive trading journal.
  3. Performance Metrics: Profit.ly calculates and displays various performance metrics based on the user’s trading activity. These metrics may include gains or losses, win rate, average profit/loss per trade, and other statistics. Users can analyze this data to assess the effectiveness of their trading strategies.
  4. Community Interaction: Profit.ly provides a social platform where traders can interact with one another. Users can follow other traders, comment on their trades, and engage in discussions about trading strategies, stocks, and market trends.
  5. Transparency: Transparency is a key feature of Profit.ly. Users’ trading results, including gains and losses, are publicly displayed (unless they choose to keep their profile private). This transparency allows other users to evaluate the performance of traders and strategies they might want to follow.
  6. Educational Resources: Profit.ly often offers educational resources, such as video lessons and webinars, to help traders improve their skills and knowledge. These resources may be available through paid subscriptions.
  7. Trade Alerts: Some experienced traders on Profit.ly may offer real-time trade alerts and recommendations. Subscribers can receive these alerts through SMS, email, or chat.
  8. Subscription Plans: Profit.ly typically offers various subscription plans, each with different features and benefits. These plans may include access to advanced analytics, additional educational content, and more.
  9. Tracking Progress: Traders can monitor their progress over time using the platform. They can see how their strategies are performing, identify strengths and weaknesses, and make adjustments accordingly.
  10. Privacy Options: Users can choose to make their trading activity private or public, allowing them to control who can view their trades and performance.

It’s important to note that while Profit.ly can be a valuable tool for traders to track their performance and engage with a trading community, trading carries risks, and past performance does not guarantee future results.

Traders should exercise caution, conduct thorough research, and continuously educate themselves when making trading decisions.

Who created Profitly?

Profit.ly was created by Timothy Sykes and Michael Mosseri in 2011. They created Profit.ly as a platform to share trading insights, strategies, and performance results with the trading community.

How much is Profitly?

Profit.ly offers various subscription plans, and the cost depends on the specific plan and features you choose.

Here are some of the subscription plans that are available on Profit.ly:

  1. Free Plan: Profit.ly offers a free basic plan that allows users to track their trades and access some community content at no cost.
  2. Tim’s Alerts: This plan is priced at $74.95 per month and provides users with real-time trade alerts (via SMS, email, or chat), a daily stock watchlist, daily chatroom access, and access to the mobile app.
  3. Pennystocking Silver: This plan typically includes all the features of Tim’s Alerts and gives access to over 7000 video lessons and new weekly video lessons from Timothy Sykes.
  4. Tim’s Challenge: The Millionaire Challenge is Tim’s highest-tier program. To gain access, users have to pass certain questions and an interview process. The price for this program is available on request.
  5. Pro, Trader, and Novice Plans: These plans range from $29.95 to $74.95 per month and are the basic plans to track and verify trades. Users also can choose to set their profiles to private.
  6. DVDs: Profit.ly offers trading-related educational resources in the form of DVDs, which range from $297 to $1797 as one-time payments.

Is Profitly worth it?

In conclusion, Profit.ly offers traders a dynamic platform to track, analyze, and share their trading journey.

Whether you’re a seasoned trader looking to showcase your strategies or a novice seeking to learn from experienced traders, Profit.ly provides a transparent and engaging community.

Especially the Real-Time Trade alerts can offer valuabe insight for beginning traders as they can see what an expert trader like Tim Sykes is doing in real time.

Remember, trading involves risk, and past performance is not indicative of future results. Always approach trading with caution and continuous learning. May your trading journey be profitable and enlightening.

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