Andrea Unger
Hi, guys. Welcome back. Now, I’ll disappear later, I promise. But you might remember, I mentioned during my chat with Franz that also internally in Academy, we have somebody among our trading coaches who is doing much better than us.
And one of these is here with me today. And you might know him because of the coaching calls or some other mailing, things like that. Pierluigi Tozzi. Pier. Welcome, Pier!
Pierluigi Tozzi
Hi. Hi. Welcome, everybody.
Andrea Unger
Pier, like many other partners in the Academy, was a brilliant student of Unger Academy and became later a coach. And since then, he also entered the R&D team.
What is special about Pier? What’s special is that he grasps whatever he comes across, any idea, anything, and he goes, and after studying it in-depth, puts it live in the market.
And what’s worse for me, he also makes a profit. I’m just kidding, of course. But Pier, that’s what you normally do, right?
Pierluigi Tozzi
Yeah, yeah. Maybe I probably have a higher-than-average risk appetite, so I like to try everything I think is good. So sometimes it goes well, sometimes not. But it’s like… I like to trade and to make things.
Andrea Unger
In fact, we will see that you traded one of the ideas that I presented during last live Summit in Padua in 2024, and you immediately went home and started trading it with success.
We will see it now in the data, we’ll be showing it shortly. And also being part of the R&D team, of course, you get many ideas we talk about, we investigate about.
Most often you go back and you trade them after more in-depth analysis. You trade them live just to see if they really work. But I want to show you something about what I mentioned, which is the performance of Pier.
If we just refer to 2025, we can see that actually you not only were able to beat me, but also to beat Franz, because with 48.82%, you did better than also Franz.
And you also got only a 10%, 10.22% drawdown. So it was a great year for you, Pier, wasn’t it?
Pierluigi Tozzi
Yes, yes. It was a very good result. And I was also a little bit lucky in December because I stopped my trading systems because I was on holiday the weekend when I had to make the calculations for December, I decided to not start the systems. And at the end, that was a good choice because December was not so good. And it allowed me to beat also Franz in the final total result.
Andrea Unger
There is no competition, surely. But of course, we always discuss about our performance. And yeah, you are lucky because I was hit by the Gold systems, as I mentioned in our previous contribution.
It was not a good month for those systems which were heavily present in the mix. So you were lucky, but you are not only trading systems, because I see in the top performers and in the bottom performers, the SPX options.
So you also started trading our OPT program. I know that, of course, but you can confirm.
Pierluigi Tozzi
Yeah, yes, exactly. In 2025, I started both OPT Formula.
Andrea Unger
But not only. As I mentioned before, during our live Summit in Padova in October 2024, I presented an approach on options on stocks. And after a presentation, Pier went back home and started doing it.
And here we can see, you provided us with your explosion of the different performances. So we see futures and, it’s in Italian, but you understand that ‘opzioni’ means options.
And then, on the right, just talking about options, the split of the different programs you followed and some tests you will be talking about right now.
Pierluigi Tozzi
Yeah, as you can see along the different option approaches, the stock put selling was the best performer in 2025 for me.
And this was an approach that I already knew before the summit in 2024, but once I saw your presentation, I decided to start to do it systematically. And it was a surprise also for me how it can perform because probably, 2025 has been a good year for this kind of approach. But at the end, I realized more than I expected. So it was a good…
Andrea Unger
Yeah, I see. And I see also some tests here which are probably the ideas we are discussing about during our R&D meetings.
Pierluigi Tozzi
Yeah, yes, exactly. All the tests we can see here are the different approaches that usually we try, and I like to try directly live. So I report the results. As you can see, there are also some losses, but it’s part of the game.
Andrea Unger
Two losses. Test three and test four. Test four a bit heavier than test three, but okay.
Pierluigi Tozzi
Yeah.
Andrea Unger
In any case, this is 2025. I mentioned before that you were a student, then you joined the Unger Academy.
And if I remember correctly, or at least if I look at the next slide where we see your cumulative return since the opening of your Interactive Brokers account, you started trading after joining the One Year Target program and you started trading live in February 2021.
And the results are astonishing because 263% during different types of years is certainly a great achievement with only 11.91% drawdown. So Pier, can you tell us about something about this?
Pierluigi Tozzi
Yes, for sure. The One Year Target program was a turning point for me as a trader because before I had not so good results, more losses than the gains.
So after One Year Target, I found my dimension with trading systems and I started having solid, robust results during the years. And as I said, in 2025, I also added option strategies with the OPT formula.
And at the end, I’m very proud of these results because
Andrea Unger
You have to, of course.
Pierluigi Tozzi
I’ve never had so good results for a long period before. So it’s good. Yeah.
Andrea Unger
Yeah. I mean, this is a mix of knowledge we provide in the One Year Target, AlgoTrader Fast and OPT Formula programs, and also of the possibility to get some ideas we discussed about.
Now, some trading ideas you got at Padova, so those ideas were open to all the participants, and this will happen again in April, 2026.
So I imagine you are ready to join us there and to get something because not everything is discussed in the R&D meetings, so you will certainly get something.
And that something will also be for capitals which are more limited than the ones you trade, we didn’t show, obviously, the numbers here for privacy reasons.
But I know you are not trading with an extremely small amount of money. But in part of it, I will show something that will also be possible with small amounts.
And so I’m sure you will get back and start right in May in trading that. But it’s interesting how constant you were in getting this. We see here some details about the performance. On the left, the same results we just showed. On the right, the results on a yearly basis.
We can see this a little bit bigger. The numbers on the left are those with the benchmarks included. And the benchmark you chose, SPX is fine, but IWDA is something you added on your personal choice, I imagine.
On the right, we see on a yearly basis, and we’ve got about 30%, which is a great result. I think it’s the number I normally mention for those who are really good in doing this. And you are really good.
Pierluigi Tozzi
Yes, it’s a very good trading result. Also because my target was 15%. So 30 is for sure the double.
Andrea Unger
And it makes a huge difference because this is composite growth. And you see, obviously, it’s five years more or less. It’s not 150, which would be 30 multiplied by 5, but it’s 263 because you capitalize the returns.
And as I mentioned, I asked what performance is realistic. I always said that a really good trader with a systematic approach and so blah, blah, blah, can aim at a 30%, 35% is an extreme case, so you have a new target now.
But I mean, a really good one. I’m happy to know that really good trader is inside the Unger Academy and is here with us today, Pier. So Pier, what can we add?
Pierluigi Tozzi
I think now I’m just waiting for the new Summit in order to improve this result because I had to put my target higher at this point.
Andrea Unger
I know you were a researcher also previously to your start in the Unger Academy. So obviously, you love investigating ideas and whatever.
But the difference, in my opinion, is between you and a common researcher that you also put in practice, the implementation, which normally pure researchers don’t do because they love researching, but they stop at the result.
They don’t put the results live. What you, on the contrary, do very well, and you are much more disciplined than many of us. I am a disaster in that, for example. I also experiment, but I do it randomly while you are very clean in doing it. I know that and the results are clear.
Pierluigi Tozzi
I like to put in practice more than study theory because it’s something I have in my way of doing things. So sometimes it can go wrong, but I can see immediately if it works or not. So it’s something that I like.
Andrea Unger
That’s important and I wish I have many students like you among our students in the Unger Academy. I’m sure we have many. I’m sure we will meet them in Padova, so they also will challenge the new ideas getting back home right after.
And well, I mean, I expect you to make some more money with your trading experiments. I hope no longer see any test three and test four with losses, which is nearly possible, but okay, we hope so.
And so we have a target internally to beat Pier and Pier to get whatever he gets to put it live in the markets.
Pierluigi Tozzi
Let’s see this 2026. We’ll meet in Padova, and we will see.
Andrea Unger
We meet virtually across Zoom, Telegram, and all our means, but we will meet in person in Padova, so I’m happy to meet you personally there.
And anybody watching this can also meet Pier in Padova in April 2026 at our Unger Summit Live. That’s it, guys. Great job, Pier, and see you next time.
Pierluigi Tozzi
Thank you. See you. Bye.
Andrea Unger
Ciao, everybody.
