Howdy Larkers! This is Lark Digest, your reliable trading partner, delivering insights as swiftly as a breakout trade.

On today’s menu:

• WTF Just Happened To Bitcoin 😬

• Get Over $4,000 of Free Trading Courses 🤑 

• How To Deal With Losses In Trading 😢 

😬 WTF Just Happened To Bitcoin

The only thing I love more than getting a prop firm payout is Bitcoin, but lately, she’s been breaking more hearts than a teenage girl.

Earlier this month, Bitcoin Bulls were partying like it was 1999, with Bitcoin soaring above $72,000. Fast forward a few weeks, and the price has plummeted to as low as $59,000. 📉 

So, what’s going on here? Is it time to buy, or are things only going to get worse?

Here’s the Lark Lowdown.

1/ Miners Have Been Selling. Bitcoin’s juicy prices have led to miners cashing in. In fact, miner BTC holdings haven’t been this low in over 14 years.

2/ The German Government? If you thought the Euro Cup was the most exciting thing happening in Germany, you’d be wrong. The German government is in the process of selling roughly 50,000 Bitcoins.

3/ Some Whales Are Selling. In the first two weeks of June alone, over $1 billion of Bitcoin was sold.

So, what’s our takeaway?

We see no permanent changes in the Bitcoin landscape. Investors and HODLers are bound to sell and take some profit off the table.

The reality is this: There are only 21 million Bitcoins in the world, and that will never change.

And while we’re not yet buying at these levels, things are starting to look interesting…

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😥 How To Deal With Losses In Trading

Trading is not like most things in life.

Usually, the harder you work at something, the better you’re going to get.

If I spend 6 hours at the golf range every day, even though my slice says otherwise, I will become a better golfer.

But trading? It’s a whole different ball game. More effort doesn’t necessarily mean more profit.

And that’s a tough pill to swallow.

No matter how hard you work, even if you’re the best trader in the world, you will always 100% experience losses.

It’s unavoidable. It’s out of our control.

And so, how can we best deal with those losses?

There are two secrets to dealing with losses in trading:

1. The Stoic Approach

2. The Law of Large Numbers

Let’s take a closer look at each of these.

1/ The Stoic Approach. The fundamental idea behind Stoicism is to focus only on the things that are within our control.

In trading, we can’t control what any single trade will do.

We can’t control market movements or the impact of news events.

But we can control:

• Our emotions.

• How well we follow our trading plan.

• Our risk management.

• What instruments we trade.

• Our morning routine.

• And many others.

And by focusing only on what’s within our control, we can more easily accept the losses.

2/ The Law of Large Numbers. Because we can’t control what any single trade is going to do, the second key is to adopt the law of large numbers mindset.

Rather than focusing on the next trade, focus on the next 100.

Realize that beyond that, the outcome of any individual trade is 100% outside of your control.

So why stress about what it’s going to do?

Execute that trade and walk away.

That’s power.

Happy Tuesday, Larkers.
Mr.Lark

☕️ Pre-Market Fuel

1/ Trump can’t afford bacon anymore? This is a great laugh and shows how people are hurting from inflation.

2/ Inflation is out of control. Speaking of inflation, look at this insane chart showing that some fast food prices have been up 200% since 2019.

🍪 Digestible Memes

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