Profit.ly 2.0

promising money?

I hate it when anyhone promises anything in the trading industry. Everyone knows when you hear that something has a "for sure you will be a millionaire" stamp you do NOT touch it. This has that feel... and if Tim has a bad wrap check that out before anything as well.

Gr8trader1

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Simple and transparent

You can track all of your trades in one place and follow the best traders. By analyzing their trades you can learn so much and that's the way I use the profit.ly for now. I agree with some of the reviews where it's said that profit.ly is full of Tim's promo but you can really blame the man for that :)

Psych

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Fantastic idea, well implemented... mostly

I found profit.ly through Tim Sykes blog and immediately loved the idea.

You can track all of your trades in one place. No spreadsheets, no math, all your accounts charted out for your so you can track your progress as you grow (or lose) your account.

The site is well laid out, simple and easy to use and overall kinda fun. I've spent more than I fair share of time just browsing other people's trades to see what else is hot and what's not, besides what I've been doing.

Now, here's the "mostly" part. I've been using profit.ly for many months now, and been using some of the guru alert services. For a while they worked perfectly. For the past 2-3 months or so I've been missing texts from one guru or another intermittently. At first I was told "Everything's fine on our end, call your carrier." Well, I skipped calling the carrier, reset my phone number in their system and all was well for another week or two. Recently I've been missing a LOT of texts from them (e-mails have all been fine) so i called my carrier to make sure none of the numbers were blocked. They said (in short) "No, nothing is blocked, nothing has been blocked, its not our end."

So I went back to tech support with this information. Tech support went to their text supplier who told me "Your number was on our blocked list for x,y,z reason, we reset it, all is fine." Well, if my number was blocked, why was i getting ANY texts at all? Something seemed fishy, but the next day (yesterday) I got all the texts that i was support to get from all 3 gurus that I follow.

The issue?

Today, 2/3 gurus I follow sent out alerts, and I only got texts from one of them. This is not a "you're on the blocked list" issue, something is wrong, has been wrong, and needs to be fixed.

I will say this though, the Profit.ly tech support has been top notch. I have no complaints at all about the people I've dealt with on their end. My issue is with the service that seems to be broken, at least in part, for some time.

Overall, the service itself is great. I use it, I like it, I would recommend it. The alerting portion of it is still good, just still has some kinks I'd love to see resolved.

Maveric

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Tim Sykes, Ugh.

What is with a couple of these guys that must have their mug with a smirk all over their website. We're not here to see your face, Tim.

This website is interesting. But beware of anything Mr. Sykes is involved in. He has a history.

Just a few months ago, he was caught promoting stocks for pay and did not disclose that fact. That's a violation of SEC regulations.

Also, if you check his math on his track record, it will not add up. by far.

Just beware, he's been busted. If you know that and don't trust him, you may like the site.

Heresjohnny

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Best place to find genuine people

This is the website to find and connect to the best genuine people in the industry

DrawFisher

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The tool that every transparent traders need

Now, when you hear one trader brags about it faboulous performance, you can check his or her words with hard facts from Profit.ly.

+++ I was amazed by the speed of answers from the technical support. Great!

- - - This website should not be linked to paid services from the Tim Sykes' nebula. There are obvious conflicts of interest in between.

Investimonials and profit.ly are here for the good of the community. Sure, they must be financed one way or the other. But, links with vendors is a dent to credibility over the long term. The business model needs to be adapted to become independent.

Candide

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Innovative and Engaging

I think profit.ly's greatest attribute is that it provides a well laid out design that lets you keep track of your own trades. The innovation comes with the community surrounding profit.ly although I find this aspect still very much in the development phase in terms of reaching a greater purpose. It might be mildly interesting to see what people have been trading in the past but ultimately it usually isn't helpful.

I think one of the motivations of the site is for Tim to advertise the gains of his subscribers, which I certainly don't blame him for and its a perfectly fine motivation to have. The problem is just that there is so much more potential for the site and the concept and I can only hope it being worked towards. Rather than just be a site for Tim's followers, it needs to be a site for the average trader and I just don't see a whole lot of appeal for them right now. Furthermore, one of the great flaws is that people can post fake trades if they choose to do so which may be motivated by a desire to get a pat on the back from Tim.

Some quick suggestions: Perhaps require a certain percentage of reported trades to be verified? Have certain benchmarks of verified trades trigger a free 24 hours of the premium stats on Profit.ly?

In order to make the community aspect more useful, there should be a way to encourage helpful hints. The best trade posts include comments that explain why the trader went in and out. Maybe feature such helpful posts somewhere on the site, or allow people to vote posts as helpful to create a new category of ranking?

Indoorweeds

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Promises more, delivers less

If you're looking to piggyback on trades, most traders profiles are private, so you can't. You can only see their trades after they have closed out of them, and you don't know why they go into them to begin with, unless they specify, in which case most people don't.

Also, there is not real contact numbers to talk to anyone about any issues. You have to submit a question to a help desk and hopefully they reply back to you in a reasonable amount of time.

If you want to pay more for additional packages, you can, but you really can't do anything different than you can with the standard silver package. If you think that you're being billed monthly, at a rate of $29.99, you're not. You get billed an annual $297.00. And don't cancel your subscription after you sign up, because it looks like you can't be reinstated.

Overall, I think if you are looking to see trades after people exit them, its a decent site. Most traders will fake their trades, and make themselves look better than they actually are.

Malbert94

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Awesome SIte

Great for looking and entries and exits of some of the best traders out there. A great tool for learning so that you can start to see what these guys on top the list are seeing.

Birdflies33

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great for learning

In this website I always check what the big players (lx21,Tim, John Welsh) played and how did they do. A very useful site! Thanks Tim!

Adika223

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