GM Lark Traders. This is Lark Digest, the trading newsletter that has more volatile news than the market yesterday.

On the menu:

• Who’s the greatest trader of all time? 🤑 

• More crazy industry updates 🎢 

• Update on our new dashboard ✅ 

WHO’S THE GREATEST TRADER OF ALL TIME? 🤔

I recently asked myself that question, and after some research and a few cups of coffee, the answer surprised me.

No, it’s not Michael Burry or George Soros or Buffett.

These guys are all legends, but when it comes to day trading, there’s somebody that’s even more infamous.

And what’s even more wild is that I had never even heard of him before.

His name?

Jesse Livermore.

First off, his story is absolutely insane. I made a full 20-minute video on Jesse, but I’m going to give you the 60-second takeaway.

Just enough to whet your appetite.

Let’s roll.

1/ From nothing to the richest man in the world. Jesse was born into a very poor family. At 14, his father pulled him out of school to work on the farm. Jesse wasn’t down for the farm life, so at 14, with the help of his mom, he ran away from home (so much for gentle parenting).

2/ The first Hugh Hefner. Jesse went on to make massive amounts of money and spent it like nobody else had seen at the time. We’re talking about a yacht, an apartment on the Upper West Side and even a private rail car.

3/ Bankrupt 3 times. But for all that spending, there wasn’t a lot of saving. Jesse is literally the epitome of going from the bottom to the top. And he did it more than once.

The question is, though, how did he trade? And what happened to him?

Jesse’s story actually ends pretty tragically and is a testament to the danger of never being satisfied with what you have.

Oh. And getting married 3 times.

Check out the video to get the full story.

OUR NEW DASHBOARD ✅ 

Our tech team just confirmed that our brand-new dashboard should be ready by the end of the month!

We know you all love our current dashboard, which makes you feel like you’re in the 90s.

So while our new one won’t have you feeling nostalgic, it should supercharge your experience.

Here’s a little sneak peek:

MORE INDUSTRY UPDATES 🎢 

If the sudden drop in stocks and Bitcoin yesterday wasn’t enough of a rush for you, we’ve got some more updates on what’s happening in the industry.

Disclaimer: It’s 100% business as usual at Lark. We’re seeing a lot of knee-jerk reactions, which we don’t think are warranted. Channel your inner Buffett and remember:

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

With that being said…

1/ Funded Next stops accepting US clients. This is a pretty big move as they’re one of the biggest firms around.

Once again, though, as we keep seeing, Funded Next does not work with a third-party broker and instead, they have their own “broker license.”

This is worth paying attention to. We made some comments about this in our latest YouTube video.

2/ True Forex Funds announces their relaunch. This isn’t surprising and is a positive development for the industry. Assuming traders don’t have any concerns about their “third-party provider for equity synchronization purposes”…

3/ MyFundedFX no longer allows news trading. This isn’t surprising, considering the insane volatility we saw in the market yesterday.

4/ Fundingpips runs into some issues. There are rumours that BlackBull Markets, the broker used by Fundingpips, has lost its MT5 license. This just broke, so we’ll need to wait to hear from the company.

All of that to say, stay safe out there, Larkers.

DIGESTIBLE MEMES 🍪 

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