← The Dividend Journal
Legal

Disclosures

Last updated: May 19, 2026

Not financial advice

Content on The Dividend Journal — including the website, newsletter, Discord community, trade reviews, frameworks, and any free or paid resources — is provided for educational and informational purposes only. It is not financial advice, investment advice, tax advice, or legal advice. We are not a registered broker-dealer, investment adviser, or financial planner.

Trading risk

Trading stocks, options, futures, and other financial instruments involves substantial risk of loss. You can lose more than your initial investment. Trading is not suitable for everyone. You should carefully consider your financial situation, experience, and risk tolerance before trading.

Past performance

Any results, returns, championship placements, or prop firm payouts referenced on this site are historical and do not guarantee future results. Results from one trader, one strategy, or one period cannot be expected to replicate. Most retail traders lose money.

Prop firm affiliations

William Li actively trades on several prop firm accounts (including MyFundedFutures, Tradeify, TradingLucid, and Topstep). When affiliate codes or referral links for these firms are published on the Site or in the newsletter, we may receive compensation if you sign up through them, at no additional cost to you. Affiliate links will be disclosed when used.

Sponsored content

If a newsletter, post, or video is sponsored or contains a paid promotion, it will be clearly disclosed at the top of that content.

Hypothetical and backtested results

Any hypothetical, simulated, or backtested results discussed in educational content are inherently limited and do not reflect actual trading. They may not account for slippage, fills, commissions, taxes, or the psychological pressure of real money.

Contact

Questions about disclosures: will@thedividendjournal.org.

© 2026 The Dividend Journal. All rights reserved.

Trading involves risk. Not financial advice.