Howdy Lark Traders! This is Lark Digest, and we help you get smarter about trading in 5 minutes or less.

Mr.Lark

On today’s menu:

• Two firms hint at a new challenge model 👀 

• Is crypto becoming illegal? 😬

• Could this stock be an amazing buy? 🤑 

👀 E8 Markets + MyFundedFx = New Challenge Model?

If there’s one thing we love at Lark, it’s a new challenge model, and both E8 Markets and MyFundedFX have been hinting at one.

For E8, based on their website, it looks like a 1-stage challenge is in the works.

But, like taking Cal 1 in college, we have a ton of questions.

• What will the max drawdown be?

• What will be unique about it?

• How much will it cost?

Sadly, we don’t have these answers.

Thankfully though, MyFundedFX has given us a bit more to work with.

Let’s break down the two proposed models:

Model #1

A 6% profit target with no daily drawdown (sounds like our 3-Stage Program) is quite interesting. I mean, you’ve got to love that low profit target.

What’s the catch?

The max daily profit of 2%. That’s something we haven’t seen before but is very interesting.

Model #2

This one has more drawdown but a higher profit target. So it comes down to personal preference.

What’s interesting is the 7-day payouts and the daily loss limit of 2%.

That’s a tight loss limit, but it is only a soft breach, meaning you could continue trading the account.

TLDR;

1. With the shakeups in the industry, firms will be introducing new challenge models with (hopefully) sustainability in mind.

2. MyFundedFX is getting creative in its offer. We’ll see what happens.

3. Stay tuned for updates on the new E8 model.

😬 Is Crypto Becoming Illegal?

What do we love at Lark, even more than a new challenge model?

Crypto, baby! And more specifically, Bitcoin.

But it looks like our beloved government doesn’t like the fact that they can’t control it (shocker).

Just take a look at what’s brewing over at the FBI…

What does this mean for crypto investors?

1. Crypto businesses are leaving the US. Companies offering self-custody, such as Acinq’s Bitcoin wallet, Phoenix Wallet, and zkSNACKs’ Wasabi Wallet, have already announced they're leaving the US market.

2. Added fear and uncertainty. I mean, fellas, have you seen the price of Bitcoin lately? This week, it’s down 5% and had its first red month (down 13%) in seven months.

3. The government hates your freedom (another shocker).

We’re still buying, though. In fact, for all stock traders out there, check out this stock.

👀 Could This Stock Be An Insane Buy?

Anybody who loves Bitcoin loves Michael Saylor.

He’s the godfather of Bitcoin, and what he’s done with his company, MicroStrategy, is insane.

Like, really insane.

To get you up to speed:

• In 2020, MicroStrategy was sitting on hundreds of millions of dollars of cash, and Michael didn’t know what to do with it.

• After some research, he decided Bitcoin was his best option.

• So he bought in. And bought some more. And then again. And again. And again.

• Currently, MicroStrategy owns 214,400 Bitcoin, representing 1% of the total supply and worth just under $13 billion.

Saylor has completely burnt the boats and has gone all-in.

At Lark, we’re big fans of anybody who’s got that much conviction. Saylor will one day be either the richest man in the world or completely broke.

Here’s the deal, though - Because the company owns so much Bitcoin, the stock’s price is strongly correlated with the price of Bitcoin.

And that means, in April, things got ugly.

I mention this because it’s one of the most exciting stories in the markets right now.

And depending on how you feel about Saylor and Bitcoin, MicroStrategy’s stock is definitely something to watch.

PS: We’re hoping to bring stock trading back to Lark very soon. We’ll be announcing details in our Discord, so click HERE to join the Lark family.

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