It's not a joystick in my case. You have to hold down the button to open the menu (but not too long or it turns off the tv), then press to change the option, then hold down to select (but not too long), then hold down again to confirm, etc. If you open the menu and don't do anything for a couple seconds it closes automatically. It's annoying as fuck.
My monitor's button needs to be held down to close as the "shut down" button doesen't shut it down, it puts it into sleep mode so to close it you need to hold it down and it feels like i am strangling it to death
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