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  • ๐Ÿง‘โ€๐Ÿš€ Why 99% Of Traders Will Always Fail ๐Ÿ˜ญ

๐Ÿง‘โ€๐Ÿš€ Why 99% Of Traders Will Always Fail ๐Ÿ˜ญ

PLUS: A new giveaway! ๐ŸŽ

GM Lark Traders. This is Lark Digest, where we blend top-notch trading insights with a sprinkle of humour. Today, we're launching a giveaway! Because unlike trying to predict the next market move, this one's a guaranteed win! ๐ŸŽ 

On todayโ€™s menu:

  • Why 99% of Traders Will Always Fail ๐Ÿ˜ญ 

  • A New Giveaway! ๐ŸŽ

  • Whatโ€™s Happening To ICT? ๐Ÿค” 

  • Is This Firm Getting Acquired? ๐Ÿ‘€ 

๐Ÿ˜ญ Why 99% of Traders Will Always Fail

Larkers, we need to talk about something that's been grinding our gears more than a rusty old bike - the so-called "trading gurus" flooding your social media feeds.

You know who we're talking about: the guys with neck tattoos driving rented Lambos, promising you can turn $100 into a million overnight. ๐Ÿคข 

But letโ€™s be real โ€“ trusting these influencers is a surefire way to join the 99% of traders who always fail.

The Guru Mirage ๐Ÿ๏ธโœจ

First off, why are we so fascinated by these influencer traders? It's like a moth to a flame, except the flame is a rented Lambo and the moth is your trading account.

The reality is, these influencers often make more money selling you a dream than actually trading. If someoneโ€™s primary income is from courses, signal services, or affiliate marketing, you gotta ask yourself: why aren't they living off their trading profits?

The 2024 Reality Check ๐Ÿ“…๐Ÿ”

If 2024 has taught us anything, it's that the trading and prop firm world is full of smoke and mirrors. We've seen prop firms rise and fall like tech stocks in a bubble.

Influencers promising the world often disappear faster than you can say "margin call" when their predictions go south. Loyalty and transparency are questionable 99% of the time.

And weโ€™re tired of it.

The Real Dangers โš ๏ธ๐Ÿ’ฃ

Listen, 99% of traders listen to these gurus, and 99% of traders fail. The most common pitfalls are:

  • False Expectations: They paint a picture of trading that's all sunshine and rainbows. In reality, trading is a grind, and losses are part of the journey.

  • Overleveraging: To replicate their "success," you might take on more risk than you can handle, leading to catastrophic losses.

  • Dependence: Relying on someone elseโ€™s signals or strategies can stifle your growth as a trader. You become dependent on them instead of developing your own skills.

The Road to Self-Trust ๐Ÿ›ค๏ธ๐ŸŒŸ

So, how do you avoid falling into this trap? Here are three actionable steps you can take today:

1/ Understand The Lies โŒ 

The first step to fixing a problem is knowing you have one. Understand that social media is full of lies, so stop buying into them.

2/ Develop Your Own Roadmap ๐Ÿ›ฃ๏ธ 

Rather than outsourcing the hard work and trusting others, start trusting yourself. Experiment. Try new things. See what works and what doesnโ€™t for you.

3/ Activate Monk Mode ๐Ÿง˜โ€โ™‚๏ธ 

Whatโ€™s the opposite of social media addiction? Monk mode. Getting offline and living a life of discipline. Of focus. Of obsession. Itโ€™s the only way to become a true professional.

๐Ÿš€ A New Giveaway!

How can we improve our website? ๐Ÿค” 

Well, thatโ€™s what weโ€™re asking traders in our latest giveaway! And the top recommendation will win a 2-stage, $5,000 challenge account.

โ˜•๏ธ Pre-Market Fuel

  1. Funded Engineer is filing for bankruptcy. Hereโ€™s what the CEO had to say.

  2. Whatโ€™s happening to ICT? He recently made a post about his health.

  3. Mt.Gox just moved $6 billion worth of Bitcoin. But Bitcoin doesnโ€™t seem to care and climbed over 6% last night.

  4. Is this firm getting acquired? We may find out today.

๐Ÿช Digestible Memes

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