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Hi guys, hi from Andrea Unger.
He who has teeth has no bread and he who has bread has no teeth.
This is an Italian proverb and how does it apply to trading?
I'm not even sure if there is an English version, I don't think so but in case please notify it to me because it would be interesting in knowing it.
What does this mean?
It means more or less that when you have the capability of eating the bread or biting the bread, you don't have bread because you're poor or because of any reason, while when you have bread in your hands, so you have something to eat, you don't have teeth, you cannot eat it because you don't have the skills, the capability to do it.
What's the point?
So it applies to trading as well, because we were discussing, me and some friends, about the objection of some people once they evaluate the educational offers or Unger Academy or any other mentor and the objection is: "Yes, but even in case I learned this, I would have no money to deal with, I would have no capital to trade with, so I could not apply this knowledge to something!".
This is a week objection, just because of the teeth and bread story.
The teeth, in this case, are the skills you will learn by studying trading and bread is the capital you trade with, your equity you will use.
Now you know, you perfectly know that I've always said: "Don't trade for money or better saying, don't think trading is the solution to finding money, ok?.
If you don't have a job, if you don't have money, don't think that you will find it through trading, don't look into trading as the solution.
I've said this is wrong and I still keep on saying it's wrong, but if you are passionate about trading and you are really willing to learn, don't find a break in the excuse that in the end you would have no money to trade with, because this is a weak excuse because you never know if and when that money will suddenly be in your hands.
I'm telling you this because I've read emails about people who suddenly had a decent capital in their hands and at that point they were not able to trade with it, they did not know how to deal with it, they did not even know how to invest that capital to let it grow or survive to inflation or whatever.
So the teeth is something you should get today, the problem is that when you have suddenly the bread, then it's hard to go to the dentist and to let your teeth be adjusted, because you want to eat the bread immediately, so maybe you start biting the bread while your teeth are still too weak, this is obviously a problem.
The same thing you can do if you get the money for any reason, lottery or some ancestor from America you didn't know even existed, for example, I mean, I'm not kidding, it might be there and when you have it you are suddenly in a hurry, wanting to manage it.
Well, there is also another extreme case where you believe that at that point you have enough money to live from and you don't even care about managing that money, but this is also wrong because getting back to the bread, you don't know how long your bread is lasting, you don't know how long you can eat from it, and while you're thinking that you can eat to the end of your life, you don't really know how long that last.
It can become bad, it can become hard or anything and it can waste, so you don't have to let your equity waste because you are too lazy or too... I don't know actually how I can mention it, not careful enough about it, let's say this way.
My personal advice
So, again, if you have the passion and the way to learn, do it right now, don't use the lack of capital as an excuse to stop you, because once you have the capital it might be too late for many reasons, because you are in a hurry, because you are maybe too old to get all the skills to learn.
Now there is not the question of age, a matter of age, it's a matter of opened mind, to get new information.
Somebody is young at 70 or 80 because they are keen on learning, somebody is fed up of learning at 14.
I mean, it depends on every single individual and that might happen to you as well, so be ready now if today you are willing to learn but don't find breaks where there shouldn't be.
Again, only if you have a passion and a will to learn about trading.
If you don't, it's useless!
Let's take an example
It's like, I mean if my LCD television brakes down.
I have no skills to adjust it, I have no idea where to put my hands and if I even watched a YouTube video on how to adjust it, I would not be able to do it.
I mean, I would create a disaster while if I were passionate about electronics, I would probably watch YouTube videos about adjusting LCD TVs and I would be looking forward to the TV to breaking down, not to that extreme, maybe somebody to present me a broken TV to adjust.
So the same thing has to happen with your trading skills, enhance that now so that you are ready when you can apply them, ready on the minute, this is very important because tomorrow it might be too late.
Too late to do it decently, not too late that you won't do it, I don't mean to that extreme.
I'm just telling you that if you have a passion, don't let a phantom break block it.
That's it, guys.
Be careful and think about it.
Please write down here: Do you think you have more teeth, more bread or a broken LCD TV?
Ciao from Andrea Unger see you next time, ciao.
Need More Help? Book Your FREE Strategy Session With Our Team Today!
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.