GM Lark Traders. This is Lark Digest, the newsletter that gives you the ultimate weekly guide every Monday with a side of prop firm drama.

Traders are absolutely loving our new integration with TradingView. I’d even dare to say it’s better than MT5…

—Mr.Lark

On today’s menu:

• Why are firms denying payouts? ❌ 

• Your weekly trading guide 📰 

• How to get 75% discount codes 🥵 

❌ Why Are Firms Denying Payouts?

You don’t have to scroll for long on Twitter to see a massive rise in payout denials and complaints about some of the biggest companies in the industry.

There are countless complaints about:

• Not receiving a payout.

• Not receiving a refund as promised.

• Not hearing back from support.

• Getting banned on Discord.

And we’re seeing this with several firms.

So, what exactly is going on here?

1/ Unsustainable Rules

Running an evaluation firm is a balancing act.

It’s a balance between giving traders what they want and not going overboard.

By overboard, I mean offering something unsustainable.

Some examples:

• 200:1 leverage.

• 100% payout splits.

• Allowing gamblers.

• 10% max drawdown with a 5% profit target.

Traders love all of these.

But long term, it’s not sustainable for a firm.

And over the last 12-24 months, we’ve seen a lot of firms experience meteoric growth with these offers.

But now we’re seeing a rise in payout denials.

2/ $2 Million In Denied Payouts From TFT

The Funded Trader posted in their community update the following rejected payouts:

• January 2024 = $1,375,242.19

• February 2024 = $772,660.16

If these rejections were due to:

• Failed KYC

• Fraud

• A legitimate breach of rules

Then traders just need to swallow the hard pill and move on.

But based on the vibes online, that might not be the case…

3/ What Should Traders Do?

If migrating to new, unfamiliar platforms wasn’t difficult enough, traders are now worried about their payouts being honoured.

It’s a tough time.

But here’s the deal.

Sustainability isn’t usually the flashiest.

At Lark, our challenges aren’t the easiest. But we’ve also never denied a single payout.

It doesn’t matter if a challenge is easy or cheap if your payout won’t be honoured.

Just like firms need to offer more sustainable rules, traders need to be okay with them.

And that’s where that fine line of balance comes back into play.

TLDR:

1. Payout denials are on the rise for several well-known companies.

2. This stems from unsustainable rules like 200:1 leverage and allowing gamblers.

3. Both traders and firms need to find a balance that works for both sides.

🚀 How To Receive 75% Discounts

Do you know what sucks?

It sucks to work hard on an evaluation only to make 1-2 mistakes and then need to pay full price for another one.

But that’s not how things work at Lark Funding.

All traders, regardless of their breach, automatically receive a 20% discount code to try again.

But we go one step further on our 3-Step Program.

Do you know what’s better than a 20% discount?

A 75% discount.

And that’s what we offer with our new Surrender Account Feature.

If you haven’t exceeded more than 75% of your maximum drawdown, you can surrender your account and take advantage of these prices.

It’s just another reason to become a Lark Trader.

📰 Your Weekly Trading Guide

Last week was a wild one.

We had:

1. The Bank of Japan rate decision.

2. The Fed & Powell

3. Bank of England + RBA

But this week will look a lot different.

No, it won’t be as historic as Japan finally getting out of its negative interest rate environment.

In fact, it’s an incredibly light calendar. Here’s what we’re looking at:

• Wednesday: We have the Australian inflation data. Aussie traders should keep an eye on it.

• Thursday: US Jobless Claims at 8:30 am EST.

• Friday: Bank holiday for Good Friday.

Yeah, pretty boring.

But that just means the market will turn it’s focus to other areas.

Here’s what we’re watching at Lark:

1/ Will Bitcoin break out? Bitcoin has been stuck between $62,000 and $68,000 for the last week. We’ll be crossing our fingers and toes, waiting for a breakout.

2/ Rise in geopolitical tensions? Many are looking to see the response of Putin after the devastating concert hall attack in Moscow. This could be a market mover.

3/ Focus on technicals. Beyond these events, we don’t see much else driving markets. When that happens, we put a heavier focus on the charts and focus on technical analysis.

Happy pip hunting,
Mr.Lark

🍪 DIGESTIBLE MEMES

ACTIVE GOODIES? 😏

These promo codes end this week!

And remember, all purchases will also automatically come with the following:

✅ Double Leverage
✅ No Stop Loss Upgrade

Share Lark Digest

Chances are you have some trading friends. Why don’t you be a pal, share Lark Digest and earn some goodies for it?

You currently have 0 referrals, only 1 away from receiving The Trading Plan That Helped Me Pass 4 $100,000 FTMO Challenges.

Or copy and paste this link to others: https://pipmunch.com/subscribe?ref=PLACEHOLDER