Five months after the introduction of the introductory blog post and realize how far that site has come!), this is my second project aimed at making finance better!(see
There are TONS and TONS of financial communities out there…sites like TheLion, EliteTrader, StockTwits & InvestorsHub and every one of them has commentators giving picks and opinions and yet NONE bother to check, let alone verify, the track records of those commentators.
Now as the #1 ranked trader based on performance and popularity, I want more…I don’t give a crap about % gains…those are for rich people and value investors who wear old men diapers…I got into trading to make money not to earn above average percentage returns.
After all, think about all the people trading and investing with anywhere from $500 to $30,000 (the vast majority of the online discount broker world), whether they make 5%, 10% or even 50% per year, that $25, $50, $250 or $1,500, $3,000 or even $15,000 in profits ain’t gonna pay for much in the real world let alone be worth all the time you spent earning it.
That ain’t what trading is all about, that’s some Sharebuilder shit right there…no thanks….after all, Ferraris cost $100,000+, not 100%+…and the vast majority of trading and investment strategies, like mine, are NOT scalable (although when I charge a few hundred bucks for , and the potential profits per trade are a few thousand or even tens of thousands of dollars, the value proposition is solid).
That’s right, Profit.ly, this “revolutionary” trading app all comes down to people being honest and sharing their profits and losses so we can all benefit over time and learn a ton what it takes to be a successful trader/investor!
I had the honor or writing the first Tweet on Profit.ly (yes, to use Profit.ly, you must be signed up to …because we want you to share your trades with everyone! Although yes, you do have the option of not tweeting out your trades because we understand some of you are introverted freaks)
Check out an early screenshot and watch the video below where I explain this new site and realize we have TONS of upcoming features so get excited!