GM Lark Traders. This is Lark Digest, we make trading less stressful and more fun.

Today we’ve got:

• How this trader made $6,761.35 🤑 

• Bitcoin, Bitcoin, Bitcoin 😍 

• Announcing the giveaway winners! 🎁 

• Weekend goodies 🍪 

REVEALING OUR LARGEST PAYOUT THIS WEEK 🤑 

This week has been crazy for just about everyone in the industry.

Firms have had to onboard new platforms and brokers.

Traders have had to learn how to trade on new systems.

It’s been crazy.

But one trader had a crazy week for a different reason.

*cue the happy vibes*

That’s right, our friend Olifa just broke two Lark Records (should Lark Records become a thing?).

The first is the largest payout ever earned by a Kenyan trader. 🇰🇪

The second, is the largest payout processed this week.

I mean, just take a look at that certificate.

So, how did Olifa do it? Let’s take a look at some stats.

• Account Size: $100,000

• Trades Taken = 10

• Win Rate = 60%

• Average Win = $1,137.59

• Average Loss = -$16.05

Did you read those last two? Yeah, we need to talk about that because a risk-reward of 70 is just insane.

What’s going on here?

1/ Quality > Quantity. While Olifa did take 10 trades, 99% of his profit came from just two trades. That’s why you can’t always take trading stats at face value (sorry, gurus).

2/ Big and short. Okay, maybe we should have worded that differently. But those two big winning trades came from 8-lot buy positions on XAUUSD that were only held for 45 minutes and 16 minutes.

Now, 8 lots of gold on a $100K account is pretty big. We don’t recommend. But with a tight stop loss, it’s possible to be still risk-managed.

*Quick interruption*

If you’re ready to break Olifa’s new record and get featured in Lark Digest, there’s never been a better time.

All of our Evaluations are now 30% off. But it ends tomorrow.

Click HERE to sign up.

Okay, back to it.

BITCOIN, BABY. BITCOIN. 🚀

Let’s cut to the chase.

Bitcoin is going crazy.

As of writing this, we’re sitting at around $62,000. That’s over a 40% increase in just one month.

40%. One. Month.

So, while we hope you’re feeling frothy with this recent move, we need to stay on our toes. We can’t lose our cool.

So, let’s take a look at what’s actually going on here and just where we might be headed ($100K anyone?).

1/ Demand has gone crazy. Take a look at this post from Pomp (a must-follow). Yesterday, only 900 Bitcoin were mined but 11,211 were purchased by ETFs.

If you’re new to Bitcoin, this is a huge deal. Only 21 million Bitcoins exist. So, with a fixed supply, if demand increases, there’s only one way for price to go.

And that’s up.

Or, as we’ve recently seen, way up.

2/ Inflation is back? Well, it never really went away. But there’s rumblings online that things could actually get worse. Not better.

We’re happy to see everybody isn’t blindly following what the central bank says (sorry Powell). But we’re not so happy about this graph (thanks again, Pomp).

This is pretty scary staff. In the early 70s, everybody thought inflation was cooling after it hit 12%, only for it to hit 15% a few years later.

Considering the market is anticipating rate cuts this year and the money printer to get turned back on, this is a possibility.

And remember, Bitcoin, because it’s finite, goes crazy when inflation gets out of control.

TLDR:

1. Demand for Bitcoin is exceeding supply thanks to the newly approved ETFs.

2. Inflation might not be over.

3. We didn’t discuss this, but the halving is just around the corner. This will further cut the supply.

At Lark, we’ve got diamond hands. We’re not selling (not financial advice).

GIVEAWAY WINNERS 🎁 

Last week, we announced a giveaway of 5 × 10,000 3-Stage Evaluations.

The winners were supposed to be announced on Monday. But things happen. It’s a crazy time. So, I appreciate your patience.

Without further ado, though, here are the lucky 5 winners.

1. alber******[email protected]

2. masixo******@gmail.com

3. mike******@gmail.com

4. bjua****@gmail.com

5. emado******@gmail.com

You will all be emailed shortly!

But perhaps it’s time to do another one? What do you think?

FOR THE ROAD 🚗 

There’s more to life than just trading (or is there?). This was a crazy week, so here are some things I’m looking at this weekend.

1/ The Outdoor Boys. I don’t know where the heck I’ve been, but have you seen this YouTube channel? With over 8 million subscribers, I’m obsessed with the vibes of this channel. What’s better than watching a guy build a shelter in Alaska while you sip your coffee?

2/ Nancy Pelosi is just insane. The insider trading she does is wild. You’ve got to listen to this podcast to hear just how crazy her returns are (I never miss an episode. It’s literally my favourite podcast out there).

3/ Jordan Peterson and Chris Bumstead? This is the collab we didn’t know we needed. Chris is one of the best bodybuilders of all time (and a fellow Canadian 🇨🇦). I haven’t yet watched this, but it looks good. Chris has that wholesome Canadian vibe we love.

That’s it! Enjoy the weekend. We’ll be back on Monday delivering the goods you’ll need to crush next week.

DIGESTIBLE MEMES 🍪 

ACTIVE GOODIES? 😏