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 >>In this video, we talk in detail about the trading performance of the winner of our "Trader of the Month" contest for April 2023 and another trader who did a great performance:
-Rosario, the winner, with a profit of €3,046, a return of +76% and a drawdown of -7.5%
-Rolando, who earned $1,266 (with a return of +11,7% and a drawdown of just -4.5%)
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).
With performances like those, the question arises as to how they traded the markets so we can be inspired for our live trading.
That’s why today’s video is especially rich in valuable tips, ideas, and lessons for us systematic traders!
By watching the video, you’ll discover:
-All the details about the trading performance of Rosario and Rolando
-On which markets they traded, with what kind of strategies, and with what risk profile
-Their advice for those approaching live trading
Enjoy! 😉
Introduction
Hello everyone and welcome to this new video.
Today we're going to be looking together at the results of the April Trader of the Month contest and we're going to be analyzing the performance of both the winner but also those who achieved very good results.
Let's see if we can gain some interesting insights for our live trading by looking at their performances and following their suggestions.
What is the Trader of the Month contest
Now, just as a reminder, the Trader of the Month contest is reserved for Unger Academy students, who can participate each and every month by submitting their live results to win a €1,000 Amazon voucher. It's something to look forward to!
One of the coaches at Unger Academy here.
Analysis of the results of the month of April
Okay, so let's get started. The first thing I want to tell you is that this month hasn't been an easy one. We know how things work in trading.
We have months that are more productive than others.
And the second interesting thing about this month is that by and large we found higher performance among the less capitalized students.
While it's true that it's easier to perform well in small accounts because we are talking about more tolerable drawdowns in terms of risk, it's also true that it's not always easy to perform well in less capitalized accounts precisely because it's harder to achieve greater diversification.
Performance, strategies and markets traded by Rolando
So, let's start with Rolando, who, as you can see, trades with TradeStation and made a profit of $1,266 in April, corresponding to a 11.71%, with a very low drawdown of just 4.5%.
Rolando has been very helpful. I was able to chat with him to learn more about what he does.
He's has been a student at Unger Academy for two years and has been live for over a year.
Since December 2022, performance has become more regular as he has added more systems to his portfolio, increasing diversification despite trading with an account that is not particularly capitalized.
Currently, his strategy portfolio stands at 230 strategies developed with Unger Academy templates, selected monthly with Titan, so with our software, which keeps an average of ten strategies active per month.
So now the question is, where does Rolando get his inspiration for developing his strategies? As we mentioned, he uses the Unger Academy templates, the Million Dollar Database, then the strategies provided by us, created by some coaches and some Unger Academy students, and since he is very curious, he also reviews the strategies that students regularly submit to us for evaluation and uses them as inspiration for developing new systems.
Out of necessity, he trades micro futures, which provide good diversification for those who are not well capitalized. He uses stock indexes, metals, currencies, and energy as markets, so he uses the micro futures on that basket of markets.
Rolando's advice for new traders
Finally, I asked him for some valuable advice for those approaching systematic trading and who are about to go live. He reported that, in his experience, it's important not to rush into anything.
So probably recalling past mistakes where he jumped right into trading, he said it was essential to take the time to have a well-diversified portfolio of systems.
A lot of discipline is also fundamental. So he suggests that you don't get caught up in the emotionalism, if you will, that sometimes makes us not follow our trading rules.
And most importantly, that's a common side of several traders that I interviewed, tracking operations to learn from their mistakes and not make them again in the future.
Performance, strategies and markets traded by the winner Rosario
And now we come to the contest winner, Rosario, who earned €3,046 in April, which is a 75.69% return, with a really low drawdown of 7.5%.
At the outset, I'd like to say that if you look closely at his broker's statement (he uses one called Directa) Rosario did not close a single day with a loss, so this is a pure intraday drawdown.
Rosario was also very helpful in sharing his trading experiences.
He's been a Unger Academy student for over three years, but let's say he's been live for about a year.
That’s because he initially struggled a bit to do systematic trading through the Visual Trader platform, which we know is Directa's software, only to find that you need a slightly more advanced platform like MultiCharts to do systematic trading.
He has two accounts, a larger one where he does fully automated trading and a smaller one, which is what we are seeing now, where he still trades systematically but with manual order entry.
The systems are all developed following the Unger Method. As instruments used in the smaller account we’re analyzing, we have the micro future on the Mini SP 500 and the Mini FIB, so it only uses indexes precisely because it’s a thinly capitalized account.
Of course, that doesn’t mean Rosario doesn’t recognize the value of diversification. He just had to make a virtue of necessity.
When asked about longer-term live performance, he told me that things have been going well for the past twelve months - and we know it hasn’t been an easy time for trading in general – but in any case, he was able to make over €50,000 on both accounts.
I then asked him what software he uses for his systematic trading, and he replied that he uses Composer, that's our proprietary software that allows even non-programmers to write trading systems.
He explained to me that in his experience, you don’t have to be a programmer to do systematic trading.
It is enough to understand the meaning of some bits of code which he uses as puzzles, so to say, when he needs them, perhaps not always understanding all the nuances of these codes in detail, but knowing very well how they work.
Rosario's advice for new traders
I ended our interview by asking him what advice he has for those who are approaching live trading, and his first answer was just to be patient, which means that even in this case, haste is bad advice.
Indeed, you have to take your time to do things the right way.
Time that can be different obviously from trader to trader. And above all have a lot of curiosity, a lot of interest, and then a lot of passion for the markets and experiment a lot.
So congratulations again to Rosario. Really, a 75% in one month is an achievement that you don't see every day.
Conclusion
So, if your goal is to be able to achieve similar results with your live trading as the ones we just saw, and while doing that, you would also like to participate in this contest dedicated exclusively to Unger Academy students for a chance to win a €1,000 Amazon voucher every month, click the link below.
You will then be redirected to a page where you will find the contest rules, and from there, if you wish, you can book a free consultation with one of our tutors, who will give you all the information that you need.
Finally, I'd just like to remind you to please support us by subscribing to our channel, click on the notification bell, and if you liked this video, please leave us a Like.
And with guys, that is it for today! I will see you soon in our next video! Thanks for watching, bye bye for now!
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.
