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BOOK YOUR FREE STRATEGY SESSION NOW >>In this video, we talk in detail about the trading performance of the winner of our "Trader of the Month" contest for October 2023.
The winner is Mirko with a profit of €3,740, a return of +17.36% on his initial capital and a drawdown less than -2%.
We'll also talk about two other traders who stood out for the great results they achieved in October:
-Mirko (another one!), with a gain of €3,695 and a return of +16.75% on his initial capital
-Stefano, with a gain of €2,263 and a return of +11.49% on his initial capital
The contest is reserved for Unger Academy® students and rewards the participant who achieved the best live trading performance with a €1,000 Amazon gift card (click here if you want to learn more about the contest).
By watching the video, you’ll discover:
-Full details of the performance of Mirko and the other two traders who stood out for their outstanding results
-On which markets they traded, with what kind of strategies, and with what risk profile
-Their advice for those approaching live trading
Enjoy! 😉
PS. If you want to watch previous Trader of the Month videos, just click here!
Introduction + What is the Trader of the Month
Hello, everyone! Welcome to this new Trader of the Month video for October.
Today we'll see together which student has performed the best, and look at the achievements of those who didn't win but still achieved good results that can inspire us all.
We’ll also try to give operational advice from the experiences of our student traders over the past month.
We’ll see what has worked best in practice and try to see if it can be replicated for our live trading.
We would like to remind you that the Trader of the Month contest is reserved for Unger Academy students, Who can participate every month by submitting their live trading results and competing to win a €1,000 Amazon voucher.
One of the coaches at Unger Academy here, and let's start with Mirko's statement.
Mirko, who earned €3,695 (with a return of +17%)
We immediately see an outstanding performance: 16.75% in one month, with a pretty smooth equity line and, most importantly, a drawdown of 3.86%, which is definitely low compared to the returns.
This 16.75% is equivalent to €3,695 achieved by trading mainly micro-contracts. We see, in particulat, the micro-Nasdaq, Copper, Gold, and Crude Oil.
This is proof that it isn't necessary to have huge trading accounts to trade systematically, also because it is now possible to achieve more than satisfactory performance by using micro-contracts, which can be traded even with quite limited trading capital.
Stefano, who earned €2,263 (with a return of +11%)
Let's now turn to Stefano’s statement. He earned €2,263 in October with a return of 11.49%.
But be careful. What's interesting here is the drawdown, which is only 2.11%.
I would say we're also seeing a very smooth equity line overall.
There was an initial drop but then it continued to go up and closed at the high at the end of the month. Again, we see that the instruments that Stefano has been trading are mostly micro-Futures.
Congratulations, really well done to both Stefano and Mirko. You have achieved some remarkable result, guys!
Mirko, the winner, who earned €3,740 (with a return of +17% and a drawdown of 2%)
But let's move on to the performance of the contest winner, Mirko.
This is obviously another Mirko! And he has earned €3,740 in October, which is the equivalent to a return of 17.36%, again with a very low drawdown of just -1.97%. I also point out this equity line, which is almost entirely free of drawdowns, is definitely very linear.
So, I asked Mirko to tell us a little about his story.
He's been a student at Unger Academy since March 2023, so less than six months have passed. My congratulations, then, for being able to go live and even win the Trader of the Month contest in such a short time!
Mirko told me that he's been live since July and is currently at +42% despite an initial drawdown of 10%. So, Mirko wasn’t discouraged by the initial drawdowns. We know that drawdowns are part of the game.
He persevered and managed to achieve these spectacular results in a concise space of time, especially considering he had only just started. Mirko is an entrepreneur. He had never programmed before and had already ventured into trading.
He mainly traded forex on a discretionary basis but was already interested in systematic trading and used scriots developed by other traders for MetaTrader. Mirko trades a portfolio of over twenty strategies developed using the Unger Method or the Million Dollar Database,
which is the database we provide to our students for free to allow them to diversify their portfolios during their studies, during the time they need to develop their own proprietary strategies.
Currently, portfolio management is done manually.
He calls it hands-on management, but he plans to switch soon to Titan, our software that allows you to put together a portfolio of trading strategies in a professional way.
This is because manual management becomes more complicated as the number of systems increases. What tools does Mirko use for his trading? Micro-futures, again, flanked by the Mini-Dax, which was the best underlying of the month.
And, somewhat curiously, Tesla shares too.
So, he's developed an intraday trading system for Tesla shares that's exceptionally viable for high-capitalization stocks. His risk profile is aggressive, as Mirko himself called it.
However, he experienced far fewer drawdowns than when he was trading the Forex market manually or via MetaTrader.
Finally, I asked Mirko what advice he would give to those approaching live trading for the first time, and his advice was not to wait too long to go live.
Instead, starting slow is essential, so use micro-contracts to risk the right amount and still feel comfortable despite the drawdowns that may come. Mirko also told us that he started with a drawdown of -10%.
Above all, it's important not to lose the initial momentum and enthusiasm when we start on a training path such as the one that leads us to become systematic traders.
Thank you very much, Mirko, and congratulations again on your achievement. You've won the €1,000 Amazon voucher.
Conclusion
Well, if your goal is to achieve live trading results like the ones we just saw and at the same time, participate in this contest dedicated exclusively to Unger Academy students, and have the chance to win an Amazon voucher worth €1,000 every month click on the link below.
It will take you to a page where you will find the contest rules. From there, if you wish, you can arrange a free consultation with one of our tutors, who will give you all the information you need.
Well, guys, that's it for today. See you soon in our next video!
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.
