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Hi from Andrea Unger.
As you may know I'm Italian and I am the only 4-time winner of the World Cup Trading Championships®.
But that's not what I want to talk to you about just yet. Today I'll talk to you about how I started.
When I was a child, I liked math and everything that would keep my mind “alive." Growing up I had a desire, the desire was to make a living out of something where I could be recognized mainly by my skills. When I started working for a big company I thought it could be the right time to get a good career simply because I believed in my skills. I actually had a good career that was not based only on my skills but I also had some limitations despite those skills.
Year after year I had an increasing feeling that it was not the job I was looking for. At a certain point in my life I discovered the stock market and I began investing. I still remember the first shares I bought in a bank, the lady said:
“Well the stock price at this moment is 7.8, what price do you want to buy at?"
I looked at her in a very stupid way wondering something like:
“If you say the price is 7.8 why are you asking me what price I want to buy?"
At last I bought those shares and I also had a profitable exit some weeks later yet I still did not know exactly what that was all about.
Some years later I bought other shares making decisions on rumors (actually colleagues with a friend who had a friend, who had a friend knowing somebody with some other friends who “knew" what was going to happen in the future). I made money once, twice, also a third time. Then I suddenly discovered it had only been luck! I met the first bear market and I did it ignoring the concept of stop loss completely…
Later on I actually closed that losing position but the stop applied was mainly based on desperation... And I was even more desperate when I saw my capital heavily reduced in comparison to its value before my investment adventure.
At that moment I recognized that I had done actions with no knowledge at all about the field I was exploring. I lost money not exactly knowing why and I didn't want to accept it, so I started studying that odd thing called "markets."
I heard there were fundamental analysis and technical analysis. I remember a flight to New York on which I read many P/E of companies in a financial newspaper. I learned very simple concepts about moving averages and I thought that I could really beat the markets with that knowledge.
And I was wrong again.
So what should I do with that knowledge? Why was I still losing money? It became clear to me that what was shown as a “deep truth of trading" in reality was nothing, not even a starting point.
There was one question I did not openly ask myself and it was: "will this method really make money?" The question was not properly posed and reading all the truths about moving averages, etc. I anticipated that question with a positive answer. It looked like that simple approach had to make money simply because I read it in a well presented form.
But I read only the skeleton of a trading approach and I wanted to make a living out of that skeleton, yet there were only bones, no muscles, no tendons, nothing... I was lucky enough to understand how poor my knowledge was and I had to decide whether to quit the game or to study further: I decided to go on...
If you want to know more about my trading approach and how to become a successful trader, attend my FREE webinar: I’ll show you how to develop effective trading strategies. I'll tell you more in the next days...
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.