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Profit.ly 2.0

With this brand new 2.0 version of Profit.ly comes added functionality to reward those investors and traders who openly share their trades and performance. They can analyze their trades and trends to become more profitable traders. While we are obsessed with transparency, we also realize that absurd industry regulations prevent many from sharing openly so we added the ability to create private profiles so those traders and investors may still benefit from the added analytics with the comfort of total account privacy.

 
 
 
21 Total Reviews
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5-Star       (10)
4-Star       (8)
3-Star       (3)
2-Star       (1)
1-Star       (1)
   
Top Review
 
Great Trading Resource
I enjoy posting all my trades to Profit.ly, it is a great tool to see how you are doing in all your trades. The charts are the best, it...
XiATH
 
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Great potential
I think this website has great potential but it is a mess in progress. The accuracy of data can be an issue and it needs to be cleaned out. You have unverified traders boasting about big profits but they are reluctant to verify their trades. You also have these unverified traders being ranked higher than anyone else on the platform and they are receiving labels like trusted. This is very odd and suspicious. Unverified traders shouldn't even receive any rankings and should be placed at the bottom of the food chain no matter what their profits. Verified traders need to be segregated from the rest of the population and treated better than the rest. It is the verified traders that make the website shine. The platform also has to close loopholes like cherry picking data. Traders are given the option to skip trades when posting data to the website and this can lead to erroneous data or exaggerated profits being posted on the website. If an auditor or statistician were to see this, they would throw all of this data out.

Profit.ly has great potential to be a regulatory or recruitment tool but it is not being pushed to its full potential. This platform can be transformed into some kind of (non-profit) institution and force Wall Street to abide by certain standards. Unfortunately, it is a mess of verified and unverified data operating on poor rules. It's all noise. Verified traders should have a big sign next to trades that say verified clearly not just a check mark. The check mark is too obscure and people may not even understand it. If a person post pictures or brags about nonsense to promote their own services and they don't actually verify trades, they should be either removed or labeled strongly as unverified. Gurus should also have independent auditor verification to prevent fraud and should not be posting their own trades.

This platform should also be used as a screening tool for premium services. They should set prerequisites for advanced courses and force students to participate. For example, if a guru wants dedicated students, they can look for students through the Profit.ly platform and set their own screening criteria (i.e. - who posted over 500 verified trades, who purchased some videos, who watched greater than 80% of the lessons, how long has this student been with the service, is this a re-subscriber, etc...) rather than waste their precious time on dreamers.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Okay website - could be better.
My main problem with Profit.ly is that you can't sort trades unless you pay a monthly fee. If I'm going to be verifying my trades I'd like the site to be user friendly and let non members sort easily.

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Great place
Great site tons of info there. Great place to learn from a guru or dvd. although I prefer the gurus and the chat rooms.

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Takes the cake for penny stocks
If you're looking to trade penny stocks, Profitly simply takes the cake. We all know that the world of penny stock trading is field with scammers. The last thing I need to worry about when trying to learn how to trade a strategy or follow a trader is worrying about trust. Trading in general is hard enough.

Profitly let's me see exactly what the trader is doing and I don't have to worry about numbers being manipulated. The education is decent but the it does come with a lot of the "hype" type of marketing. I don't trade penny stocks anymore but if I did, the "hype" level of Profitly's marketing isn't too much. They get a free pass because everything is tracked on their system. Plus, that's just how Tim Sykes is. He's an excited and passionate dude.

I think your experience will really come down to picking a trader who fits your style and sticking with it. If you start jumping around, expecting results right away, and don't follow along closely, than you'll probably end up hating the product. However, that's your fault and not the product's fault.

For anyone trading Penny Stocks, I don't think I'd really look anywhere else.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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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.

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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 :)

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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.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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It just got better
When I reviewed this site the first time, it was having some issues with their text provider. Not only has everything been cleared up, with no issues since, but they moved to shortcodes! Rather than getting texts from 20 different numbers, literally, they are all now tucked neatly away into one message thread on my phone.

Now that the frustration is over, I feel it is a much better and complete service.

This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

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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.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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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

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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.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
2 of 2 people have found this review helpful.
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