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What are the Disadvantages of Trading Journals?

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You always hear people talk about the benefits of trading journals. So maybe it’s time to study the disadvantages as well.

“Disadvantages? Blasphemy!”

Well, not everything is so black and white.

What are the Disadvantages of Trading Journals?

trader experiencing the disadvantages of trading journals, staring with sad anger at the mistakes he's made, with his journal on the desk in front of his computer.

Real talk? Here are the ACTUAL disadvantages:

  1. They force you to face uncomfortable truths
  2. They show you exactly how much money your “gut feelings” are costing you
  3. They prove that your favorite setup isn’t as profitable as you thought

See what I did there?

The only real “disadvantage” is that journals force you to trade like a professional instead of a gambler. Sure, you have to put in the work. And yes, past performance doesn’t guarantee future results.

But would you rather stay blind to your mistakes?