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 >>Training is essential to succeed in trading, and our student Osvaldo is a good example.
Motivated by enthusiasm, Osvaldo decided to go live before completing our training program and skipped the entire risk management module.
This decision caused him to suffer a significant drawdown period, but he recovered from it after continuing the program and carefully studying the module on risk management.
Osvaldo's story mirrors that of many aspiring traders who, driven by their enthusiasm, begin trading the markets before they have all the necessary skills.
Fortunately, thanks to his determination and training through our program, Osvaldo overcame the drawdown period and is back on track.
If you want to learn more, check out our interview with him now!
Here are some of the things you'll learn:
-Why Osvaldo decided to dedicate himself to trading
-Why he chose our training path
-What aspects of our program have helped him the most
-His advice for anyone who wants to become a trader
Enjoy! š
Introduction
Chelsi
Hey everyone! Today I'm here with Osvaldo, a successful Unger Academy student who wants to tell us about his experience with our training program. Hey Osvaldo, welcome!
Osvaldo
Hi! Good afternoon.
Chelsi
Alright, so first of all, Iād like to ask you to tell us a little bit about yourself and what you do for a living.
Who is Osvaldo and how did his journey in the world of trading begin?
Osvaldo
Okay, let me introduce myself. I am Osvaldo, I am 35 years old, and I come from Rozzano, a small town in the province of L'Aquila, Abruzzo. A few months ago, actually, 10 or 11 months ago, I moved for professional reasons to a small town in the province of Cuneo, Piedmont.
Let's say that I changed my job over the past year, and this was obviously a big challenge for me. Now, I deal with wheat and rice distillation and by-products that come with that.
I am the head of the fermentation, distillery, derivatives, and the purification departments.
Chelsi
Awesome, and regarding trading, what problem did you have before joining our program?
Osvaldo
Well, I didn't have any problems since I actually learned about the trading world with Unger Academy. And I joined your training program for really just Ć¹ 2 reasons: the first reason was because I wanted to expand my financial knowledge (which was practically zero).
And the second reason was because I wanted to create a side income other than my primary salary. And well, that's all. Those are the first and the second only reasons that I decided to get into the trading world.
Chelsi
So knowledge, financial literacy, and a side income. Awesome! So, you've never tried trading in the past, not even discretionary trading?
Osvaldo
Eh no, no, no.
Why did he choose our program among the many available in the market?
Chelsi
Okay, okay. And why did you choose our program and not another program out there?
Osvaldo
Well, so, before I decided, of course, I researched online. Actually, I did a lot of research. And I chose Unger Academy because, basically, the Unger Method seemed to really fit my personality.
As an engineer, I rely heavily on data and data analysis and interpretation. So, I thought it was a perfect fit for me, as opposed to discretionary trading, which I didn't see as being my speciality, you know.
That was the reason why I approached Andrea Unger. And the second point is that Andrea is the only 4-time world trading champion, so his method is indeed a tried and tested one.
Chelsi
It does have a good bit of credibility for sure!
Osvaldo
Yes.
What has helped him the most in the program?
Chelsi
Alright. Is there anything in particular in our program that has helped you, or why itās been such a positive experience so far?
Osvaldo
I'm going to be honest here. I havenāt completed the program yet. I've more or less reached module 4, but despite everything, I'm so very satisfied, and what impressed me the most is the risk management module.
I was so fascinated by risk management. Because first and foremost, you have to defend your capital, right? I mean, you don't want to lose it. And the second thing that I liked is, let's say, the approach to evaluate the robustness of the strategy that you came up with and codified.
And so, I mean, using statistical and numerical methods, and thatās very, very, very good, quote-unquote. So, I liked that very much.
Chelsi
Yeah, it's also interesting to hear how a student who just started with virtually no trading knowledge is doing and is in the middle of the journey and how you got to this point. I mean, it's also pretty interesting to hear that point of view, that perspective. And so, what have been the results so far, now that youāve applied what you've learned so far in the program by studying the different modules?
The results he has achieved
Osvaldo
Okay, well, compared to the results of other successful traders at the Unger Academy, and there are many of them, you know, the famous Trader of the Month programā¦
Obviously, my performance is much lower, but in a positive sense. I mean, last year I finished with a positive 2% after a significant period of drawdown, but in any case, I must say that I was satisfied.
Why is that? Well, first, because I was able to recover the drawdown. Secondly, because despite not having completed the program and trading with just 3-4 strategies in a fairly demanding market like the stock market, where the risk is considerableā¦ I mean, I was pretty satisfied. The numbers are practically not comparable to those of other traders, but they are still positive. So, itās a favorable verdict.
Chelsi
Cool! How much time did you spend training before you could go live?
Osvaldo
So live basically after 3 months, more or less. Swinging it a bit, I have to be honest, because I havenāt finished the program yet. So it was very risky, especially given the fact that I hadnāt even started module 4, which is the one about risk management.
But once, you know, once I grasped the reins of the game, I got right back on track. And I'm very hopeful for the future because I always, let's say, look at the glass from the other perspective, right?
Half full, half empty. You always have to look at the positive side of life. I learned many things from this experience, even if it was short. First, you have to dedicate the right amount of time to training. You have to approach it like a true professional and then as an entrepreneur, so to say, and manage risk well. So, thereās nothing else, and I am very very hopeful for the future.
Chelsi
So, Module 4 was very useful, even if you saw it recently, I mean completed it recently.
Osvaldo
Yeah, very, very helpful. I look forward to continuing. And Andrea, if you're listening or if you'll listen, let me tie a knot in my handkerchief. By March next year, I will definitely do my best to participate in the contest, the Trader of the Month contest.
Osvaldo's advice to those who want to become traders
Chelsi
Thatās great Osvaldo! Okay. Alright, so as a final question, Iāll ask you what you would say to those who are watching this interview and maybe are still undecided about whether to join the program or not.
Osvaldo
Well, so, Iād suggest going that route, if you have the time. You must evaluate this carefully though because each person has their own study style, you know, their own learning style. The Unger Method is very methodical and teaches you exactly a method that must fit your personality.
So, if you feel comfortable with this method, well then, yeah, I recommend it because, at least for me, itās working so far.
Chelsi
Perfect! Great!!! Thank you so much, Osvaldo, for your time. I wish you Happy trading! And I hope to see you soon in the competition and good luck!
Osvaldo
Thank you very much!
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.
