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 Tommy, our January Trader of the Month who came out on top with a fantastic performance: over €32,700 profit, an excellent return of +21% and a very small drawdown of just -2.8%.
In this case, Tommy traded exclusively in equities but in the past, he has also achieved excellent results with futures.
With these instruments he had already won the Trader of the Month contest in May 2023 with a gain of over €44,250 and a return of +33%.
In this video we talk in detail about Tommy's trading performance in January and that of two other traders who stood out for their excellent results:
-Alessandro, with a profit of €31,700, a return of +21% and a drawdown of –4%
-Jaime, with a profit of over €2,600, a return of +14% and a drawdown of -2%
We remind you that the contest is reserved for Unger Academy® students and rewards the participant who has achieved the best live trading performance in the reference month with an Amazon voucher worth €2,000 (click here if you want to know more about the contest).
By watching the video you'll discover:
-How Tommy managed to win the Trader of The Month contest for the second time
-All the details about Tommy’s trading performance and that of the other three traders who stood out for their great results
-What markets they traded, what type of strategies, and their 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 and welcome to this brand-new video. Today, we’ll look at the results of the Trader of the Month contest for January.
We’ll find out together who was the student who achieved the best overall performance and look at the performances of those who didn’t win, but yet still managed to achieve respectable results.
We’ll also try to give you operational advice from our traders' experience in the markets over the past month and see in practice what has worked best to see if it can be replicated for our live portfolios.
We’d like to remind you that the Trader of the Month contest is reserved for Unger Academy students only who can participate by submitting their live results every month and entering the draw to win an Amazon voucher worth €2,000.
Hello again, one of the coaches at Unger Academy here, and let's jump right in with the first statement, which we received from our student Alessando.
Alessandro, who earned €31,778 (with a return of 21.19%)
Last month, Alessandro earned €31,778, a percentage return of about 21%, with a really low drawdown of 4%.
Here is the equity line that he recalculated. We, of course, have the details of all of the execution statements.
It’s definitely a very smooth equity line, and the thing that’s really impressive is this drawdown of only 4%, which is very, very low in comparison to the performance achieved.
So what does Alessandro trade on? Well, American stock indexes, so Mini Nasdaq, Mini SP 500.
He also trades on the DAX, although the number of trades on the DAX is smaller. And he also trades Meats and Copper.
Awesome, Alessandro, excellent performance
Jaime, who earned €2,656 (with a return of 14.15%)
Alright, moving on to the next statement from Jaime, I hope I pronounced it correctly, who managed to make a profit of €2,656, or 14.15%, again with a very low drawdown of just 2.08%.
We have a nice, fairly even equity line.
Obviously, we see few trades in the first part of the month, so I would say that the real trading has started since the middle of January.
And the underlying assets that Jaime has been active on are basically the U.S. stock indexes, so that’s the Micro Nasdaq and Micro SP 500.
So bravo to you, too, Jaime! You may not have won this month's contest, but you indeed performed very well.
Tommy, the winner, who earned €32,704 (with a return of 20.79% and a drawdown of 2.77%)
And now we turn to the winner of the Trader of the Month for January 2024. His name is Tommy, and he’s an old acquaintance of ours.
You see, Tommy won the contest in May 2023 and returned on January 2024 to win again, albeit with a different account and trading in a somehow different way.
So twice bravo, Tommy! We will get into why this choice was made later.
But let's take a look at his performance right away. So, a gain of €32,704, or 20.79%, with a drawdown of 2.77%, again very low, indeed.
The equity line is absolutely smooth and rises almost continuously from the beginning to the end of the month.
And the underlying assets that Tommy has been trading on are the U.S. equities, let me repeat, only equities.
And that’s why Tommy entered the contest with a second trading account.
Now, maybe not everyone knows this, but in Germany, some rules, let’s say, don’t allow private individuals to use futures.
If you want to trade futures, you must do it through a company. That’s why Tommy decided to open a personal account to try a new way of trading solely in stocks.
He then took a cue from some of our videos posted on YouTube about trading systems for stocks, Tesla and Amazon if I remember correctly. So he started to develop trading systems using the Unger Method but this time for U.S. stocks.
So, really, congratulations! You've done some really unique things, Tommy. You've used your imagination and curiosity and you’ve achieved some remarkable results, also considering that leverage on equity portfolios is much more limited than on futures.
So, outstanding! Tommy has agreed to answer some of my questions about his trading. So thank you very much!
He has been a student at Unger Academy for a little over a year and has been live since February 2023.
He has technical background in engineering.
And before he started following our training program, he was already an expert in MultiCharts.
He especially appreciates the replicability of the Unger Method. As we mentioned earlier, he used a personal account dedicated solely to trading in stocks to enter the contest.
So, this is really an extraordinary thing.
He has developed several systems for stocks by mixing different trading logics.
He currently has a portfolio of about 40 strategies, both developed by him personally and in collaboration with another trader from Germany. He has repeatedly pointed out the effectiveness of sharing ideas among traders.
This mix of systems, in other words, a mix of breakout logic and mean reverting, results in a long-short portfolio, naturally on the stock market.
So it always has a proportion of long and short exposures because we know that these two logics, mean-reverting and breakout, are somehow opposites, right?
So, it’s more likely that you’ll have stocks that work well with mean reverting strategies and other stocks that work well with breakout strategies.
And the result will always be a portfolio with some proportion of long positions and, at the same time, some proportion of short positions.
Of course, this varies over time, meaning that in the bullish phases of the market, the long exposure may predominate, and in the bearish phases, the short exposure will prevail.
So, it is a good approach. In addition, he confided that while doing some tests during COVID-19, the short portfolio exploded, to say the least, so it also had a fascinating kind of dynamic edge.
Most strategies are overnight. The reason is pretty obvious: stocks have low leverage, so when you trade them, you must try increasing the average trade.
Also, the costs are higher than futures. So, what can you do to increase the average trade? You need to extend the timeframe in which you work.
Generally, an average trade below 0.50% is too low to use in real trading.
So, it's best to stick to a percentage of about 1% to trade a stock systematically.
Tommy uses our Titan software to select the strategies to activate in the portfolio.
When I asked for some advice for people approaching live trading for the first time, he recommended working with other traders because he found a lot of benefits from sharing experiences, systems, and different trading ideas that have allowed him to set up all these types of new operations and achieve the performance we have just seen.
Also, this is something that he mentioned in the past: a proper setup of the trading infrastructure is crucial. Because for us traders, the trading infrastructure is a bit like a car for a driver, so you need to keep it, let's say, in perfect condition.
So, Tommy, congratulations again! You won the contest and that €2,000 Amazon voucher. Well done!
Conclusion
Well, guys, it's your turn now! If your goal is to achieve results like the ones we have just seen with your live trading, and simultaneously, you want to enter this contest dedicated exclusively to Unger Academy students to win €2,000 Amazon vouchers every month, click the link below.
It will take you to the contest rules page. 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.
And with that, goodbye, and we’ll see you next month!
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.
