Profit.ly was created by Timothy Sykes as a social platform focused on stock trading and investment where day traders can upload and discuss all their trades.

It provides a community for traders to share their trading strategies, insights, and performance results.

In 2023, Profitly continues to serve as a valuable resource for traders and investors seeking to connect with like-minded individuals, learn from experienced traders, and track their own trading performance.

Pros and Cons of Profitly

Pros:

  1. Community Engagement: Profit.ly is a platform for traders to connect and engage with like-minded individuals, share trading ideas and discuss the overall stock market and news.
  2. Performance Tracking: Users can transparently track their trading performance, including gains and losses, which can help individuals analyze their strategies and adjust their day trading decisions.
  3. Learning Opportunities: Access to experienced traders’ strategies and insights can be valuable for individuals looking to learn and improve their trading skills.
  4. Trade Alerts: Some traders on Profit.ly offer real-time trade alerts and recommendations, which can potentially help less experienced traders make informed decisions.
  5. Accessibility: The platform is accessible online, making it convenient for users to access their trading data and the community from anywhere. Also trade alerts can be sent out via SMS and email.

Cons:

  1. Mixed Quality of Advice: While there are experienced and successful traders on Profit.ly, there are also individuals with less successful strategies.
  2. Subscription Costs: Some features and content on Profit.ly require a subscription, which could add up to the overall cost for users seeking premium services.
  3. Data Accuracy: Like any online platform, the accuracy of the trading performance data relies on user input, so there can be discrepancies if users are not accurately reporting their results.

Profitly Plans

  1. Free Plan: Profit.ly offers a free basic plan that provides free access platform’s features. Users on the free plan can track their trades and access some of the community’s content.
  2. Tim’s Alerts: This plan costs $74.95/mo and offers real-time alerts (via SMS, Email or Chat), a daily stock watchlist with the best stocks to watch, daily chatroom access and the iPhone and Android App.
  3. Pennystocking Silver: This plan includes all of Tim’s Alerts options 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 and to get access you have to pass some questions and interview first. The price is available on request. To get started Tim’s Alerts and Pennystocking Silver are the go-to resources.
  5. Pro, Trader and Novice Plan: These plans range from $29.95 to $74.95 per month and let you verify trades, track profits and get you on leaderboards. You can also select to set your profile to private.
  6. DVDs: They range from $297 to $1797 one time payment and are valuable resources with many hours of trading related content to improve every aspect of your day trading perfomance.

Profitly Conclusion

Overall Profitly has evolved since it’s invention and in 2023 it still provides day traders with a lot of useful information and tools to make their trading game better. One of them include the real-time alerts which can be very helpful for beginning day traders as they can learn in real-time from more experienced traders like Timothy Sykes.

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