A native of Ukraine, Mike Raitsyn started his first business when he was 15. At last count, he has had a hand in starting at least 20 companies, 15 of which are still running.

At one point Raitsyn said he decided to invest some of his newly created wealth, but there wasn’t a service available for somebody with his knowledge level. This led to the creation of Bullboard, a trading and analysis app Raitsyn built for people like him who want to trade, but don’t want to spend a lot of time doing it. According to Raitsyn, he is able to make a reasonable profit while spending just 20 to 30 minutes a day trading.

Benzinga spoke with Raitsyn, now based in the UK, about Bullboard and how the app can help others trade efficiently while eliminating distractions.

Benzinga: What is Bullboard, what does it do, and how does it improve a trader’s stock market performance?

Mike Raitsyn: Bullboard is a trading and analysis mobile app and, as such, is an extremely important part of an investor’s daily activity. This is especially true if you have just entered the market and do not yet have much experience.

Bullboard improves your performance by giving you insights and assistance with planning and executing a trading strategy. It also helps you stay current with the latest market news while, at the same time, neutralizing the “market noise” that can result in misleading trading signals.

What exchanges are available on Bullboard?

Mike RaitsynCurrently Bullboard supports the main stock market exchanges such as Nasdaq and the New York Stock Exchange (NYSE). It also supports over the counter (OTC) markets.

In the near future, we plan to add currency, futures and commodities to help our users diversify their trading strategies.

How is Bullboard unique compared to other stock screeners?

One thing we did was clear the app of distractions so users could concentrate on only what they need to. Other apps try to cram too much information onto the screen, which is not good for newbies and non-professional traders. Also, we do not, and will not, show ads in the app.

Since chart analysis is the biggest part of stock analysis, we created a drawing tool that our users love. It is simple to use, convenient and we are planning to add new figures and tech indicators in our next update.

Our Triple Screen Trading System is unique to Bullboard. In one screen you see three main timeframes - one day, three months, and one year.

How does the Sentiment feature aid in planning trades?

Once you find an interesting stock, Bullboard asks what your sentiment is – buy, sell or hold. You can add a comment if you like. By looking back at comments when a trade goes south, you can begin to understand why you misread the market and avoid doing so in the future.

Also, the app tracks when sentiment was added and calculates how precise your sentiment prediction was. So, when you plan to buy the stock add a buy sentiment and make the trade, you can see where you were right where you were wrong.

Sentiment ratio, which divides successful sentiments by total sentiments, gives you a personal stock market analyst index, which you can compare with others if you want.

What’s the monetization plan for Bullboard?

I have said I will cover all the development and maintenance expenses of Bullboard with my trading profits, so I can make Bullboard free. I do not plan to integrate ads and irrelevant in-apps purchases.

We will have a Pro version with special features for active traders. In addition, we are building a satellite project Bullboard Stock Alert for users who want the ability to create sophisticated custom trading alerts.

What’s down the road for Bullboard?

In the near future we are planning to add in-app trading with major U.S. brokers, as well as Robinhood integration. We will soon add technical indicators such as ADX, MACD, Bollinger Bands and RSI. We’ll also have real-time quotes for free (editor's note: data is currently delayed 15 minutes).

How does the future for app-based trading look?

A recent study by Oliver Wyman noted that since 2007 the number of trades from retail investors has increased by 6.7% each year on average. This is only the beginning. Mobile devices are driving engagement across the consumer finance industry, but especially for active investors.

Mobile investing is in high demand. During market hours, active traders stay engaged with investment apps non-stop, no matter where they go. We believe that our app and our vision are helping to enhance this process.

This article is exclusive to Nasdaq.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.