Profit.ly Review

  • Honest
  • Quality
  • Cost
  • Verifiable Trades
  • User Experience
1.2

Profit.ly

A venerable housing project for stock trading Guru’s trying to make a quick buck from the carnival crowd. A few good traders do ply their wares at Profit.ly, but far too much chicanery riddled with outright fraud.

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User Rating 2.57 (7 votes)
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Pros: Sprinkles of truth can sometimes be found at Profit.ly. A fair attempt at transparency. Several good and verified traders actively contribute to the community at Profit.ly.
Cons: The verification of brokerage accounts at Profit.ly is easily gamed and cannot be trusted. Most everyone on Profit.ly is posting trading results that are beyond comedy and attempting to sell a newsletter. The entire site is basically a marketing funnel for Tim Sykes to sell products.

Let’s Talk About Profit.ly

Profit.ly Tim Sykes

If you have been around awhile, you have probably heard of Profit.ly. What is Profit.ly? If you don’t know by now, let me be give you a brief overview. Profit.ly is a website where any trader can join for a small fee, and then the trader may upload brokerage statements directly into the Profit.ly database. The purpose of Profit.ly is to find out who can actually trade, and who cannot trade. The original idea was to weed out the shady fraudulent trading vendors and con artists from the honest trading vendors, many I written about on this blog. Anyway, the Profit.ly system is supposed to be a fool proof system where only accurate trading entries and exits are inputted directly from the brokerage company into the servers at Profit.ly, time stamped and irrefutable. No shady stuff! The website was created by Tim Sykes, a pretty famous marketing personality, a guy with deep pockets and a big following of faithful worshipers willing to subscribe to his insider stock tip newsletters.

Nobody is really sure just how much Tim Sykes makes selling subscriptions. But its rumored in the millions of dollars. In addition to Tim Sykes selling newsletters, there are also a few other Guru’s. One of these Guru’s I recently had written a review about is a guy named Paul Scolardi (Superman)  www.super-trades.com. Paul is a real deal trader, a real superman trader. However, what I want to talk about is the verification system at Profit.ly.

Can Profit.ly Be Trusted?

profit.ly is it real?If you log onto the profit.ly website and search for the most profitable traders, you will see a list like this…pretty amazing numbers. One has to wonder is someone named Lucky Strike really made $10.94 million dollars. Or another user name ECNC really made $7.33 million dollars. If you drill down deeper, the profit.ly website actually shows an equity curve of each of these traders. The equity curve is amazing with most of these guys on the first page regularly making $50,000 each and every day, without every suffering any losses!

Now keep in mind that just about everybody is selling a newsletter on Profit.ly. Of course, Tim Sykes gets a cut of all of the sales. And all of this makes you really wonder whether all of these profits are in fact real, or just made up nonsense.

Profit.ly also has an affiliate program where anyone with a little marketing saavy can earn a commission for these newsletter subscriptions. Therefore, if you run a simple google search for Profit.ly or many of the newsletter guru’s that you see on Profit.ly, there is an absolute certainty that an army of people will swear how great Profit.ly is and how much they are also making massive profits. Of course, all of these reviews also link back to Profit.ly, complete with an affiliate link and tracking cookie to record sales.

All of this creates one big marketing snowball that picks up speed and is hard to contain or make sense of. Who doesn’t want to subscribe to a $90 newsletter and make $50,000 a month with almost now risk, from a verified Guru, that submitted a brokerage statement? I certainly do!

Sometimes we just really want to believe the Guru. We have a deep need to believe that someone out there can help us solve our problems. And this is the fundamental problem with Profit.ly, the entire website is a Guru platform, meant to dazzle the viewer into believing that profits are only a click and credit card number away.

If Profit.ly A Fraud?

Truthfully, its hard to find a voice that is willing to challenge Profit.ly. That is willing to take a critical view and ask the tough questions, look for smoke that could reveal a fire, find inconsistencies that reveal any fraud on Profit.ly. However, I spent a few weeks attempting to game the Profit.ly system, attempting to portray myself as a Guru. To prove that if I could casually game Profit.ly, then others could also game Profit.ly, with the intention of selling newsletters, trading DVD’s, mentorships, trading rooms, indicators etc.

How To Hustle Profit.ly And Be A Guru…OR NOT

Have you ever wanted to be a stock trading millionaire Guru trader? Well, it would be nice. But what if I could be the worst performing trader on Profit.ly? Now that is an accomplishment worthy of some sort of award. And that is exactly what I set out to do! To be the worst! So lets review the steps I took to be the verified worst trader on Profit.ly. Step 1, create a trading system and then optimize it to buy at the high and sell at the low. And that every single trade was fully leveraged to lose at least $1,000,000. Since I am a pretty good programmer, this took me about 5 minutes. Next I exported all trades out of my trading systematic trading platform and into a .csv file. Step 2, create an account at Profit.ly and select the broker, I selected a Forex Broker. Enter credentials and upload a properly formatted .csv file into the Profit.ly system. The file has to be correctly formatted to be accepted into Profit.ly. Once file is uploaded into the Profit.ly system, its time to admire the handiwork and fully embrace myself as the worst trader on Profit.ly.

worst loserSimply amazing, with just a little creativity and bit of persistence, I am officially a really bad trader. Row after row, page after page of confirmed losing trades, a net loss of $650,000,000. To celebrate this amazing feat of failure, perhaps I should also join the ranks of trading Guru’s at Profit.ly. Sell my own newsletter, or DVD, or workshop, or trading system. I could title it “How To Lose $650,000,000 Trading Only 5 Minutes Each Day”.

Tempting

Admittedly, its very tempting to create a fake internet persona and then magically create a “verified” trading record, with the sole purpose of selling a product. It would be so easy to just go to the dark side, take the fast money, fleece the suckers. Much easier than actually trading.

Well that’s it for now. Sorry if I offended many of my readers with this big letdown regarding Profit.ly. If I could be put one final note into this…I really do believe that Timothy Sykes is a great trader, but an even better promoter.

Please leave your comments below. Good comments, bad comments, please speak freely.

 

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40 Comments on "Profit.ly Review"

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TickerCandy
Guest

Hello again everyone. Just wanted to inform the community that I have discovered a way to game the profitly verification system and YES I am able to produce the “verified” check mark. I believe there are several ways to achieve this. If you would not mind sharing your methods with me I would like to create a video detailing how this is done. I can give credit to those who provide info or you may remain anonymous. You can contact me on twitter at @TickerCandy or email [email protected] Thanks, TickerCandy

Gregory
Guest

Hello can you please review Tim Sykes as you did superman? Thank you

GenBow
Guest

I found this article while researching someone who is rugby on profit.ly, and who comments on Seeking Alpha as digger1234 where he brags about trading TNA and other leveraged ETFs. His site is 98percentwinners.com

Does anyone here have any experience with him? His comments on SA appear to be someone who is knowledgeable, but his claims seem unbelievable.

Johnny
Guest

I am curious. I have been following some alerts from Tim and superman on twitter for a little while. I am looking to join but not sure who to pick or both. I am looking to jump in everything but try a few alerts to jump in and out of. Bacially give it a try and play safe for a little while to see what I can trust.

Any feedback on who is better to do with?

Stray Dog
Guest

Don’t get involved with either of them they are both running scams.

New Trader
Guest

Why would you want to shadow his trades??? Why not try to learn trading yourself???

Cyn
Guest

That is too much work when one wants to “get rich quick” with as little effort as possible?

Aaron
Guest
A question on this is why didn’t you become the best trader? why try the worst? surely you would have more evidence and noise if everyone saw your name on the top gainers listing above tim sykes. This would also cause them to notify the reasons and also close out the potential to post paper trades. If you posted 650,000,000 profits in a month I would guarantee that you would get more noise from the marketing/trading gurus. I greatly appreciate your website and dedication to review the truth and shames of trading courses. However with that in mind we should… Read more »
XGENS2016
Guest

Profit.ly is down at the moment. I have been trying to sign on to this website, but was unsuccessfully. It has stopped running this past 30 minutes. Anyone has the same problem, please try it!

sam
Guest
I saw this complaint on rippoffreport: ” #12 Consumer Comment We know Tim Sykes AUTHOR: scammed by tim sykes – () SUBMITTED: Wednesday, April 03, 2013 I don’t know Tim directly but we have a colleague who works with Tim and is a personal friend. Whether this is true or not I don’t know but I do know he is a personal friend of Tim’s as he has show me pictures and parties with him on occasion. Here’s what he told me in confidence: Sykes doesn’t trade actively himself. When my friend asked Sykes about his trading, his amounts which… Read more »