GM Larkers! This is Lark Digest, and unlike the trader featured in today’s email, we’re not AI-generated. Not even ChatGPT can bring the trading heat like we do!

Mr.Lark

On today’s menu:

• This Trader Is Letting ChatGPT Trade For Him❓️ 

• Why The Best Traders Remain Private 🤫 

Can ChatGPT Trade❓️ 

Name a trading strategy, and I’ve tried it.

• Support & resistance

• Asking my dog

• Following lunar cycles (I swear)

But something I haven’t tried is ChatGPT, and honestly, I feel a bit stupid for not having thought of it earlier.

Thankfully, Twitter is coming through once again. I just discovered TraderTJT and he’s doing something pretty wicked.

Just take a look at this…

1/ CAN CHATGPT TRADE? 👀 

Here’s the idea:

• Give ChatGPT the exact same prompt every morning at 10 am.

• Let it decide for you what trades to take.

• Repeat for 100 trades and see what happens.

TraderTJT has laid out some other rules:

• All trades must be made on XAUUSD, BTCUSD, and EURUSD.

• He will feed ChatGPT the 1 hour and 5 minute chart data.

• The trades can’t last for more than a few hours.

Here’s the entire breakdown of the prompt:

2/ THE RESULTS❓️ 

The experiment has only been running for a few days, but so far, here are the results.

Day 1 was pretty solid:

• 2 wins / 1 loss

• $161 profit = 1.6%

• 3/100 trades taken

But on Day 2, ChatGPT clearly didn’t have it’s morning coffee and had three straight losses for the day.

This dropped the account balance to -1.4%.

*ONLY a 1.4% loss? At least AI is more risk-managed than 99% of traders (lol)*

So, what about yesterday?

ChatGPT clearly listened to Eye Of The Tiger and got hyped up because he’s (or “they’re”? Sorry, not sure what pronouns AI uses) now at breakeven for the challenge.

3 days in and AI is breakeven?

This is crazy! 90% of retail traders fail, and AI is already hanging in there.

It’s too early to say what will happen but it raises a very interesting discussion.

3/ IS THERE A PLACE FOR AI IN TRADING? 🤖

I’m no AI expert.

Beyond ChatGPT, I pretty much know nothing about the endless AI tools that are popping up everywhere.

But here’s how I think it is most useful right now.

A Fundamental Analysis Assistant.

I think it can be incredibly useful to feed AI macro breakdowns or long economic reports and have it generate a summary for you.

When I first got into fundamental analysis, I spent countless hours trying to break things down and understand what was happening.

It would have been a massive help if I could have told ChatGPT to explain what Jerome Powell just said like I’m a 5-year-old.

And then ask it to dumb it down even further cause I probably still wouldn’t have understood.

We’ll keep you posted on TraderTJT and the experiment. Definitely give him a follow!

And if you’re looking to improve your fundamental analysis, check out today’s YouTube video.

🥇 MASTER FUNDAMENTAL ANALYSIS

What’s more exciting than Lark Funding turning two years old in just two days?

Our upcoming Skool Community!

What’s the point of it?

To help traders master fundamental analysis.

For free.

But while we build that out, we’ve already got four courses worth over $4,000.

Click HERE to see for yourself.

I mean, just look at all of those lessons 😍 

The community is still closed to the public. But if you purchase a Lark Challenge, we’ll give you first access, and you’ll receive:

🎁 The 12 Video Technical Analysis Course That I Used To Quit My Job ($3,000 Value)
🎁 The Ultimate Guide To Currency Fundamentals ($1,000 Value)
🎁 The 9-Minute Never Get Burned On News Trading Masterclass ($500 Value)
🎁 The Trading Plan That Helped Me Pass 4 $100,000 FTMO Challenges ($150 Value)

🤑 Total Value = $4,650.

After your purchase, just reply to this email, and we’ll give you instant access.

🤫 Why The Best Traders Remain Private

Social media is incredibly toxic.

There, I said it.

And when it comes to trading, I think it’s a net negative.

It doesn’t make us better traders. It makes us worse.

Just 10 minutes on Instagram or Twitter and you’ll see “traders”:

• Driving their supercars.

• Travelling the world.

• Posting payouts.

• Talking about how easy it is.

And 99% of it is all fake.

In 2018, I lived in a Buddhist monastery for several weeks to see if it would improve my trading.

And the results were insane. But that’s a story for another day.

I walked away from that experience learning that getting off the grid and turning off social media and your phone is the key to thinking deeply about something.

And in trading, that’s so important.

I recently relearned that lesson when I visited the house of a trader.

First off, the house was incredible.

But it got even more insane when I went into the basement and saw his trading setup.

It’s been a few days since posting this, and it’s picking up some steam because I think it’s resonating with traders.

Even the CEO of BlackBull Markets said something similar.

So, if you’ve been struggling or feeling like you’re falling behind, just remember that what you see online often isn’t reality.

Take this as your sign to take a deep breath, ignore the noise, and realize that you may already be on the right path.

You just need to give it more time.

☕️ Pre-Market Fuel

1. MasterCard is getting into the Crypto game.

2. A Bitcoin wallet from 2010 just moved $140 million. Can you imagine holding since Bitcoin was at $0.10! 🤯 

3. Salesforce crashed over 16% after hours. The tech company missed revenue expectations for the first time since 2006.

🍪 Digestible Memes

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