Happy Friday, Lark Traders! This is Lark Digest, the trading newsletter that delivers the good but without the face tattoos.

Speaking of face tattoos, it’s time to talk about some of your favourite gurus.

On the agenda:

• How to guarantee your failure in trading 😭 

• Bitcoin isn’t looking so good 📉 

HOW TO GUARANTEE YOUR TRADING FAILURE ❌ 

At Lark, we’re big fans of Charlie Munger, Warren Buffett’s long-time business partner.

Charlie passed away just a few months ago at the age of 99, but thankfully, his wisdom will live on for years.

But as we always do at Lark, we’re going to share only the nuggets of wisdom that will actually move the needle for you.

And when it comes to Charlie, one of his ultimate pieces of advice was inversion thinking.

You see, as humans, we’re not very good at figuring out what’s going to help us achieve our goals. But do you know what we are good at?

Avoiding disaster.

And it makes sense. Our ancestors were always doing everything they could to avoid an encounter with a tiger or death by mosquitoes.

So, let’s bring it back to trading.

You’re reading this because you want to make money. Because you want to take advantage of the unlimited earning potential that trading offers.

Maybe you even want to take advantage of being able to trade from anywhere in the world.

So you’ve probably been asking yourself, “How can I make money from trading? How can I succeed?”

It’s a tough question to answer. And that’s why, rather than answering it, we take good ol’ Charlie’s advice and invert the question.

It then becomes, “How can I guarantee that I’ll never make money from trading?”

Do you feel that? That rush of thoughts already entering your mind? We do!

Just off the top of my head, I’ve got:

• Never be risk-managed.

• Trade as many pairs as possible and never master anything.

• Trade the 1-minute chart.

• Take as many trades as possible.

• Never pay attention to the news.

• Try to flip accounts.

• Following trading gurus with no proven track record.

• Don’t have a trading plan.

Man, I could keep going and going! But do you see how powerful this is?

Once you determine what actions will guarantee your failure, it’s then time just to do the opposite.

Simple but incredibly effective.

And if you’re a Seinfeld fan like us, now would be a good time to imitate George and do the opposite of every instinct you have.

BITCOIN’S 17% DROP CONTINUES 📉 

Last week, we discussed the new Bitcoin ETF approval and how things were looking good when it hit $49,000, only to then quickly drop.

Well, $49,000 is now well in the rear-view mirror.

As of this writing, Bitcoin is quickly approaching the $40,000 psychological level, which is an almost 17% drop from its high just last week.

Ouch.

So, what’s going on here? As you may know, we’re big Bitcoin Bulls at Lark.

So here’s what we’re seeing.

1/ THE ETF WAS PRICED IN ❌ 

It looks like, for all of the hype surrounding the Bitcoin ETF, it was already priced in.

We knew it was only a matter of time until it got approved.

The market is always forward-looking, and so knowing that the approval was coming, the price ran up as if it was already a done deal.

This happens all the time in trading, and is why the saying “Buy the rumour, sell the news” is so common.

2/ IT’S NOW THE SECOND LARGEST ETF 🥈 

How crazy is that!?

Yup, there is now over $30 billion circulating in Bitcoin ETF, with silver only having $11 billion.

This means that the Bitcoin ETF had the most successful launch in history and now only trails gold, which has a total of $95 billion under management.

There’s still a long way to go, but we remain bullish with Bitcoin being the greatest money ever invented.

3/ JIM CRAMER MAY HAVE JUST SAVED US 👴 

Ahhhh we love Jim Cramer.

Not because of the years of service he’s provided to the everyday investor. But because of how wrong he is in almost all of his predictions.

In fact, he’s wrong so often that he has his very own Twitter account called Inverse Cramer with over 280,000 followers (God, we love the internet).

And it’s for that very reason that the entire Bitcoin community went crazy last night after Cramer’s latest tweet:

Yeah, this has us feeling extra bullish.

To take it full circle, always remember what Warren Buffett says:

“Be greedy when others are fearful. And fearful when others are greedy.”

We’ll see you Monday,
Matt | Lark CEO

PS: These promos are still active for this weekend!