Keeping a trading journal allows you to keep tabs on your wins and losses and reflect on them afterward to see where you can make adjustments to your trading strategy.
Traders’ journals serve as a “trading blueprint” for many people, helping them to plot out their steps toward their objectives. By keeping track of your performance, you can analyze opening and closing errors.
TraderSync is widely regarded as one of the best online trading journal programs available. Nonetheless, is it really useful to help you with your goals?
Read this in-depth analysis of TraderSync to find out more.
This TraderSync Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
Table of Contents
Pros: What I Liked
- 7-Day Free Trial
- Tracks Trading Performance
- Good Analysis Tools
Cons: What I Didn't Like
- Expensive Plans
- Free Plans Unavailable
- Little Attention To Users
You probably discovered TradeSync for the same reason you might have come across any other financial newsletter, stock trading service, or investment program:
Because you want more money in less time.
And chances are, you want to quickly multiply the money you do have (as opposed to waiting months or even years to see a decent ROI).
This is a really exciting promise, and it’s probably why the financial publishing and training industry is worth billions of dollars.
The problem is because the idea of doubling, tripling, or 10X-ing your money in a few minutes to a few days is so enticing, there are a ton of shady characters in this space.
But, putting that aside, let’s say every investing guru and “trading expert” on the internet had the best of intentions.
Even with proprietary algorithms, a room full of supercomputers, and a team of rocket scientists, most of these experts would be lucky to get it right 20% of the time.
Now sure, we’re talking about asymmetric bets here, so theoretically the winners should more than makeup for the losers.
But in order to make that happen, you can NEVER miss a trade. With a 20% success rate (speaking optimistically), one missed winner could turn a profitable month into a loser.
That’s a lot of pressure and a lot of stress (not to mention a lot of losing) with not much certainty.
But what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Constantly monitoring your phone for buy/sell alerts
- Obsessively watching charts and movement
- The emotional roller coaster and angst of hoping one winner can cover the last 8 losses
- Gambler’s odds (20% chance of success is worse than the odds of winning at Blackjack)
An income stream that brings in consistent revenues every single month (from a couple of thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day monitoring charts, trades, and alerts?
If that sounds like something you’d be interested in, check out Digital Real Estate.
However, if you’d still like to know more about TraderSync, keep reading.
What Is TradeSync?
TraderSync is a digital trading journal that records your own trading patterns and analyzes them, so you can form more profitable trading habits.
Keeping track of your trading data in trading journals like this will allow you to go back and evaluate what trading strategies worked and which ones didn’t.
Making money involves more than just picking winners; it also requires learning from previous errors and avoiding similar situations in the future.
Naturally, this is a formidable instrument for bolstering your trading tactics through a comprehensive examination of your whole trading record.
There are connections to more than a hundred different brokers, including some of the more well-known ones like TD Ameritrade and Robinhood. With the import function, bringing over commercial data is a breeze.
When you have your trading plan stored in TraderSync, you can easily use its reports, charts, and other analytical features.
TraderSync’s mobile app is available for both Android and iOS trade setups, which is still another convenience.
With these applications, business operations may be managed from any location at any time.
In a nutshell, it’s an all-inclusive trading journal in particular trade data. This is where you keep your trading history, and trading behavior, and weigh different trading scenarios.
Who Is Behind TraderSync?
David Olivares is the founder of Project Manager at Savvy Instructor and Project Manager at Shockdav.
TraderSync is said to be one of his brilliant trading management tools for active traders.
Apart from that, he is good at digital strategy, programming, user experience, and agile trade management.
What Are The Advantages And Disadvantages Of TraderSync?
The good thing about TraderSync compared to other trading platforms is you can check their trade management module for free with their 7-day free trial (no free plans).
You can store trading journals for your past trades and import trades in stock, futures, options, and forex. You can also use analysis tools to monitor trading scenarios based on your personal trades to trace trading behavior.
It can assist you in trading management and improve your trading performance. Additionally, the trading journal will automatically create trade-specific metrics, such as a graphical depiction of key insights such as return per share/contract, overall return, risk, and so on.
After being fed sufficient trade data, the platform’s greatest strength is its ability to produce AI-generated feedback.
The system’s built-in intelligence examines all the available information and discovers trends in your trading behavior. Finally, a report that is simple to understand is produced with all the findings.
On the flipped side, there are no free plans for this system, poor customer service, and plans are expensive for the type of service it offers.
How Much Does TraderSync Cost?
If you want to experience a complete trading journal software like TraderSync, you can avail of it with three options.
You may upgrade to the Pro plan for just $29.95 a month, or $312 a year, and gain access to many useful extras.
Most trades can be imported automatically from trading platforms, and you may break down your P&L by a wide range of criteria in addition to keeping tabs on commissions and fees.
The Premium plan’s evaluator and simulator tools cost an extra $49.95 per month or $521 per year. You can now go deeply into your trade data and use it to simulate the financial outcomes of various strategies.
Trade management, letting you design a trading strategy based on rules, is included in the Elite plan for $79.95 a month or $834 a year.
AI is able to give additional insights from data. Optional automated stop-loss and take-profit levels are available in the Elite plan.
There is a 7-day free trial available for the Pro, Premium, and Elite programs. It’s possible to use TraderSync with the stock, options, futures, and FX markets, among others.
Is TraderSync A Scam?
So, is TradeSync a scam? Not technically. You can make money with it, but it’s definitely not as easy as they make it sound.
Again, with any kind of financial product (especially trading), you’re taking on a lot of risks.
Sure, you could hit it big and retire in Italy, but chances are you need the stomach and financial cushion to weather tons of losses before you get there…and it may never happen.
Most of the big gains numbers these companies use in their marketing (“XYZ grew by 4,112% in 3 months” or “this option made 324% in just 2 days”) are cherry-picked.
They don’t tell you about the 10 100% losers that came before.
In other words, if you invested $100 into 11 recommendations, you’d lose $1,000, and make back $324…so you’d still be out almost $700.
Most people don’t have the fortitude to stick it out through 3 straight months of losers in the hopes of landing one big winner.
What if, instead, you took those same 3 months, invested just a couple of hours a day (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
It’s a true lifestyle business.
Your laptop and an internet connection are all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To TraderSync?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
What Is My Top Recommendation In Making Money From Home In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1. It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full-time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2. You Own & Control EVERYTHING: With anything in the financial markets, you own and control NOTHING. You have no say in price fluctuations, demand, or what the market will do.
Trying to beat the market is fighting against the tide. There’s just too much working against you, no matter how many supercomputers or rocket scientists are on your side.
With Digital Real Estate, you own the assets, which means you have all the power and control.
3. Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4. Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple of keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with any kind of trading or investing, you’d have to double your initial capital OR double the average order size of your existing trades. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
5. Make Money Helping Real People: This part is what makes it all worth it. In the financial markets, you might be helping your family, but the impact never goes beyond you and maybe a few others.
But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like TraderSync which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.