06 Jul 2025
Investing

I plan to create a web app that helps traders record their trading ...

...history.

Confidence
Engagement
Net use signal
Net buy signal

Idea type: Swamp

The market has seen several mediocre solutions that nobody loves. Unless you can offer something fundamentally different, you’ll likely struggle to stand out or make money.

Should You Build It?

Don't build it.


Your are here

Creating a web app to record trading history places you in a crowded space where many have tried and struggled. The 'Swamp' category suggests existing solutions are mediocre and haven't captured significant user love. With 6 similar products already out there, competition is a factor. Given the generally low engagement (indicated by the average of 0 comments on existing products) the metrics suggest people aren't actively seeking or particularly excited about existing solutions. The lack of use/buy signals means there isn't strong feedback either way, pointing to indifference. This means you should temper your expectations.

Recommendations

  1. Thoroughly investigate why current trading history recording apps haven't resonated with traders. Look beyond surface-level features and try to understand the deeper pain points traders experience. Use forums, communities, and direct interviews to gather detailed feedback.
  2. If you decide to proceed, identify a niche segment of traders with very specific needs that aren't being met. For example, focus on options traders, crypto day traders, or traders using specific platforms. A highly targeted approach is essential to differentiate yourself.
  3. Consider building tools or integrations that enhance existing trading platforms rather than creating a standalone application. Partnering with established brokers or platforms could provide a faster route to market and access to a user base.
  4. Explore adjacent problems in the trading workflow that could be more promising. Perhaps focus on risk management tools, automated trade analysis, or educational resources tailored to specific trading styles. Addressing a less saturated problem may yield better results.
  5. Given the challenges in this space, consider whether your time and resources might be better spent on a different opportunity. Carefully evaluate your passion for this specific problem and whether you're willing to commit to a potentially long and difficult journey.
  6. Since TradesBud had a comment deleted, investigate what kind of feedback, positive or negative, led to this. This deleted comment could provide valuable insight into what traders dislike or find problematic in similar apps.

Questions

  1. What unique insights do you have about the needs of traders that existing solutions are missing? How can your app offer a fundamentally different experience that traders will genuinely love?
  2. How will you acquire your first 100 paying users, and what specific marketing channels will you use to reach your target audience? (Remember that with high competition, standing out is key.)
  3. What is your plan to achieve significant user engagement given that similar products have received very little engagement from users? How can you encourage active participation and make the app a sticky part of traders' daily workflow?

Your are here

Creating a web app to record trading history places you in a crowded space where many have tried and struggled. The 'Swamp' category suggests existing solutions are mediocre and haven't captured significant user love. With 6 similar products already out there, competition is a factor. Given the generally low engagement (indicated by the average of 0 comments on existing products) the metrics suggest people aren't actively seeking or particularly excited about existing solutions. The lack of use/buy signals means there isn't strong feedback either way, pointing to indifference. This means you should temper your expectations.

Recommendations

  1. Thoroughly investigate why current trading history recording apps haven't resonated with traders. Look beyond surface-level features and try to understand the deeper pain points traders experience. Use forums, communities, and direct interviews to gather detailed feedback.
  2. If you decide to proceed, identify a niche segment of traders with very specific needs that aren't being met. For example, focus on options traders, crypto day traders, or traders using specific platforms. A highly targeted approach is essential to differentiate yourself.
  3. Consider building tools or integrations that enhance existing trading platforms rather than creating a standalone application. Partnering with established brokers or platforms could provide a faster route to market and access to a user base.
  4. Explore adjacent problems in the trading workflow that could be more promising. Perhaps focus on risk management tools, automated trade analysis, or educational resources tailored to specific trading styles. Addressing a less saturated problem may yield better results.
  5. Given the challenges in this space, consider whether your time and resources might be better spent on a different opportunity. Carefully evaluate your passion for this specific problem and whether you're willing to commit to a potentially long and difficult journey.
  6. Since TradesBud had a comment deleted, investigate what kind of feedback, positive or negative, led to this. This deleted comment could provide valuable insight into what traders dislike or find problematic in similar apps.

Questions

  1. What unique insights do you have about the needs of traders that existing solutions are missing? How can your app offer a fundamentally different experience that traders will genuinely love?
  2. How will you acquire your first 100 paying users, and what specific marketing channels will you use to reach your target audience? (Remember that with high competition, standing out is key.)
  3. What is your plan to achieve significant user engagement given that similar products have received very little engagement from users? How can you encourage active participation and make the app a sticky part of traders' daily workflow?

  • Confidence: High
    • Number of similar products: 6
  • Engagement: Low
    • Average number of comments: 0
  • Net use signal: 0.0%
    • Positive use signal: 0.0%
    • Negative use signal: 0.0%
  • Net buy signal: 0.0%
    • Positive buy signal: 0.0%
    • Negative buy signal: 0.0%

This chart summarizes all the similar products we found for your idea in a single plot.

The x-axis represents the overall feedback each product received. This is calculated from the net use and buy signals that were expressed in the comments. The maximum is +1, which means all comments (across all similar products) were positive, expressed a willingness to use & buy said product. The minimum is -1 and it means the exact opposite.

The y-axis captures the strength of the signal, i.e. how many people commented and how does this rank against other products in this category. The maximum is +1, which means these products were the most liked, upvoted and talked about launches recently. The minimum is 0, meaning zero engagement or feedback was received.

The sizes of the product dots are determined by the relevance to your idea, where 10 is the maximum.

Your idea is the big blueish dot, which should lie somewhere in the polygon defined by these products. It can be off-center because we use custom weighting to summarize these metrics.

Similar products

Relevance

I've created a trading journal website

06 Feb 2023 Investing

Hi all, Been a while since I've posted and in the time since I have created a trading journal website where you can submit and track your trades with the USP of tracking your outgoings too. There has been a huge rise in the number of retail traders (me included) and a lot of people now have the very real possibility of quitting their day jobs and trading full time. I want to help people do that!It's still in very early stages and I'm releasing new updates daily but would be very grateful to get some other peoples feedback!Thanks in advance and hope you're all having a good day! :D


Avatar
5
5
Relevance

Paper Bulls - Journal/Analyze - Journal/Analyze

23 Feb 2025 Fintech Android

Paper Bulls is the ultimate trading journal app to track, analyze & improve your trades! Log entries, monitor your watchlist, add notes, sentiments & setups, and upload images. No stock tips—just raw data to refine your strategy.


Avatar
4
4
Relevance

TradeSync AI - Trade smarter, track better

10 Feb 2025 Crypto Investing Analytics

TradeSync AI is a trading journal web app that helps traders track, analyze, and optimize their trades with AI-driven insights and automated logging. Ideal for day traders, swing traders, and investors, it enhances decision-making and strategy refinement.


Avatar
4
4
Relevance

Flippl.app - Flip your trades. Track your P/L.

25 Feb 2025 Fintech Investing Notes

Flippl helps you track and analyze your trading performance with clean, no-BS insights. Log your P/L daily with a calendar view and visualize trends with clear charts. Keep a trading journal, learn from your trades, and refine your strategy.


Avatar
5
5
Top