Automated Trading Journal and Analytics Platform

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Automated Trading Journal and Analytics Platform

Inspired by a conversation on:

Words of Rizdom - Trading Podcast

Words of Rizdom - Trading Podcast

Making $25M+ in a Single Trade | #1 Hedge Fund Trader - Larry Benedict

Host: Riz Iqbal

Timestamp: 02:11 - 02:39

Listen to Episode • View Podcast • All Ideas from Words of Rizdom - Trading Podcast

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Feather Flow

Direct Quote

"TradeZella being the best automated journaling, in-depth analytics and backtesting and so much more."

Market Gap

Traders struggle with tracking their trades effectively.

Many traders find it challenging to maintain an accurate record of their trades, which is crucial for analyzing performance and improving strategies. The current methods, often manual and time-consuming, lead to inconsistencies and missed opportunities for learning. Automated solutions can significantly enhance the efficiency of this process, allowing traders to focus on decision-making rather than administrative tasks. With the rise of retail trading, the demand for effective trade journaling tools is increasingly important.

Summary

The idea is to create an automated trading journal and analytics platform that simplifies the process of tracking trades for retail traders. This platform could provide in-depth analytics, backtesting capabilities, and performance insights based on the trades logged by users. By automating the journaling process, traders can focus on refining their strategies and improving their performance without the burden of manual record-keeping. The platform would appeal to individual traders looking for a way to enhance their trading skills and results. TradeZella was mentioned as an example of such a service, highlighting the potential market need.

Categorization

Business Model
SaaS
Target Founder
Technical
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$4,000 - $10,000 MRR
Moderate (Most Likely)
$15,000 - $30,000 MRR
Optimistic
$40,000 - $60,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
8/10
Market Potential
9/10
Evidence
7/10
Overall
7.8/10
Found on September 24, 2025 • Analyzed on September 24, 2023 2:16 PM

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How should I validate this saas idea before building it?

2:34 PM

Great question! For a saas idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Technical to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
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Yes, and what about the technical implementation? Should I build this myself or hire a team?

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Technical Strategy:

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