We'll help you map out a plan to fix the problems in your trading and get you to the next level. Answer a few questions on our application and then choose a time that works for you.
BOOK YOUR FREE STRATEGY SESSION NOW >>Hi guys, hi from Andrea Unger! Today, I would like to bust a myth that is widely spread among traders. In fact, many people believe that there are some techniques and systems that can enable us to create the perfect Equity Line. Unfortunately, this is just a myth.
I must admit that getting a perfect equity line in our balance is impossible. The income will never be that regular and, in any case, it will never be as regular as you want it to be.
There are always up and down moves and we can’t obviously forecast them. In fact, we can only forecast that they will be there, but we can’t tell when. If we could do that, we'd obviously switch our systems off one second before they went into inevitable drawdown.
The point is that the higher the exposure, and so the risk, the higher these up-and-downs, these rollercoasters (as it happens in championships, where up-and-downs are very heavy due to top-level risk).
What we have to be aware of is that these up-and-downs happen. They do happen, and the only thing we can do to face them is being mentally ready, so that we don’t get disappointed when our balance goes down for a period, and we don’t get too much excited when we see a ramp-up in the balance, because sooner or later there will probably be another nasty drawdown.
Ciao from Andrea Unger, see you next time with another post!
We'll help you map out a plan to fix the problems in your trading and get you to the next level. Answer a few questions on our application and then choose a time that works for you.
BOOK YOUR FREE STRATEGY SESSION NOW >>Andrea Unger here and I help retail traders to improve their trading, scientifically. I went from being a cog in the machine in a multinational company to the only 4-Time World Trading Champion in a little more than 10 years.
I've been a professional trader since 2001 and in 2008 I became World Champion using just 4 automated trading systems.
In 2015 I founded Unger Academy, where I teach my method of developing effecting trading strategies: a scientific, replicable and universal method, based on numbers and statistics, not hunches, which led me and my students to become Champions again and again.
Now I'm here to help you learn how to develop your own strategies, autonomously. This channel will help you improve your trading, know the markets better, and apply the scientific method to financial markets.
Becoming a trader is harder than you think, but if you have passion, will, and sufficient capital, you'll learn how to code and develop effective strategies, manage risk, and diversify a portfolio of trading systems to greatly improve your chances of becoming successful.
