**** Checkout 2021 Donation Summary Below ****
My Trading Journal is not a non-profit. It is currently a one-man team [me] with a passionate developer [also me] that truly wants to give as much as I can to help our world. Whether that be the environment, education, food, etc. I will be donating 100% of all net profits to charity. My Trading Journal was launched March 9th, 2021.
For more information about who I am and why I created this app, please check out About
Karmagawa happens to be my favorite charity. It is literally the perfect combination of all the things I would love to contribute to. Karmagawa builds schools and libraries, helps animals in need, distributes meals to the hungry, and has recycled thousands of pounds of plastic. Follow their instagram: Karmagawa Instagram and checkout Tim Sykes on What is Karmagawa (*See disclaimer below)
We define net profit as all revenue remaining after we pay all required tax, fees, business expenses, software development, and advertising expenses, required to keep the app functioning and webpage alive.
Our goal is to raise at least $10,000 over the first two years to donate to charity.
However, please read the disclaimer below and be aware that My Trading Journal may not be profitable within the first two years. Unfortunately, if My Trading Journal is not profitable, no charity will be donated. Nevertheless, My Trading Journal will continue to set new charitable goals in the future.
Thank you for your support. My goal is to help others as much as I can. Please check back here for future updates.
As of December 31, 2021 we grew to 64 members! The App has grown so much since I started coding it about a year ago. I want to thank everyone for all of your support and positive feedback. The net revenue, which will all be donated to charity is $701! This is incredible. Next year I hope we can donate more :)
I have enjoyed developing this application so much, and truly want to give everything I can. Therefore, I have decided to consume the cost of the SW Development for 2021. To-date, I will accept no income for the development of My Trading Journal, and donate all net profits to charity :)
|SW Development||This one's on me ;)|
|Misc Business Expenses||$236|
This is just a screenshot of the donation. An official certificate should be on its way.
My Trading Journal is not a non-profit organization, it is a for-profit sole proprietorship. Your purchase of the application is not a donation. Any above tables, price breakdown, and calculations are an estimate of finances and may fluctuate as business expenses are updated. My Trading Journal does not have any affiliation with Tim Sykes, Karmagawa, or any other charities listed above.
The first two years of revenue is difficult to predict. It is possible that My Trading Journal will not be profitable within the first two years (2021 & 2022). After all expenses, My Trading Journal may be net negative.