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Hi guys, hi from Andrea Unger! Today, I'll talk a bit more about real and fake performances in trading, in order to help you better understand which performances and returns are likely to happen, and which ones are not.
I often receive a lot of questions about performance in trading. Most of them are asked by people who seem to be in search for confirmation, rather than for real answers.
Learn to Identify Fake Performances
More in detail, many people want me to confirm that it is possible to actually achieve certain performance results.
Well, I'm getting a bit tired of saying: "No it's not possible!"
I know there are fellows out there who claim performances of 30%, 40%, 50% per month; I also know that they are obviously offering some sort of services to increase their incomes.
However, their purpose is to get your money, that's it!
Because it's impossible to make 30% or 40% return each month, on a regular basis.
It might happen, you can do that for even 3, 4, 5 or 6 months, but it can't happen every single month.
I don't say this because I'm not able to do it, or because I'm too stubborn. I say this because I've seen how things go around the world.
These claims are not proposed only to people who have no real knowledge of numbers. In fact, even my tax accountant, who knows what I think and what I know about trading, asked me about a proposal he got of an investment that would produce a 11% return per month.
As soon as he told me that, I immediately said: "No, don't do it! This is a fraud, or I think it's a fraud. It is not something that can be done in a reasonable way and on a regular basis".
Championship Performances Can't Be Achieved in Everyday Trading
However, people want to believe to these claims and look for somebody who actually achieved such performance results, as I did in the championships.
But they should always keep in mind that performances in championships, although they can be very high, are not achievable in everyday trading.
I don't achieve such results in my normal trading activity and I would certainly go crazy if I did. The risk is too high, and when they offer you a minimum percentage, that is crazy, because nobody can avoid losses in trading.
There is no such thing as risk-free trading. It doesn't exist and those who want to make you believe it does, are only trying to get your money into their pockets.
If somebody shows you a statement that proves they did a 30% performance in one month, that might be true.
It is possible to achieve such a result in a month, but please remember that a single month doesn't automatically prove that they did the same in all the previous months and that they will continue doing the same in the future.
Please, don't believe them. Keep your hard-earned money in your pockets, because that is only a way to get your money.
Emails and Scams
I receive many of these claims and offers via email every day. They are often signed by girls, so when you receive them you think "Wow, I must read it by myself!" And then... They are offering you a way to gain 13,000 euro in a day on some Bitcoin trading or whatever.
There is not even an unsubscribe link in these emails, so they must not even be legal. I see we are actually assailed by proposals and offers that are aimed to get our money into somebody else's pockets.
Be careful! Be careful!
When something looks very nice, it's not necessarily true!
And when you ask me about this, I will always tell you: "I don't believe it!"
Maybe I'm just stupid, maybe I'm too stubborn, maybe I'm too old-fashioned or narrow-minded. I don't care.
You will never get me confirming something I don't believe in and have never seen, because whenever I investigated something like that, I always found out that there was some vague step in the whole process, and that vague point is obviously what makes the difference.
And the difference in your pockets is the money that you would probably lose going after something like that.
There Is No Way To Make Easy Money
Guys, I want to stress this: your money is important and you have to take care of it. Don't look for an easy way to multiply it, because there is no easy way out there.
Trading is serious business. I know there are gurus and mentors who offer their mentorship claiming that you have great potential as a trader and that you could make 20% a month, if you were trained the right way to express your full potential.
They are only trying to sell their mentorship proposal to you, and the money you will be paying them is the money you will lose, in addition to the money you will probably lose trading the way they try to figure out you should.
So guys, don't believe that there is easy money out there.
You can get reasonable and good performances in trading. A 30%-35% a year with a well-structured and well-done automated trading is what can be achieved.
I know some people are not satisfied with these results and think they are not good. But I can't promise you more than that. That's even an extreme level, in my opinion.
But, please, don't believe in those who claim they can turn you into a millionaire in a couple of weeks.
That thing does not exist! It does not exist in my world and I don't think it can exist in the whole world we live in.
That's it guys, I really hope this helps.
Ciao from Andrea Unger.
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.