Two Mistakes You Should NEVER Make...

by 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 >>

Has it ever happened to you to train a lot for some event and them, when the moment comes, to get results that exceed your expectations?

It happened to me in distant 1989, while I was running a half-marathon in Monza, Italy. I made a good time and this encouraged me to run the same race the next year as well… I was convinced I would have been able to beat my personal record, but then I made two bad mistakes… 

They were very common mistakes that can cause trouble not just in sports but also in study, work and trading.

Learn more about my adventures with sports and these mistakes by watching the video!

 

Transcription

The Marathon

Ciao guys, believe it or not, I've been a decent runner, in the early years.

I remember, many, many years ago, I signed up for the half marathon in Monza, and my plan was to run the race in one hour 24 minutes.

So, the race started and after a while I saw on my chronometer that I was running much faster than planned.

But I felt good!

So I kept on running fast, and I did it!

I ran really fast to the plan, I ended up with 1 hour, 19 minutes and 6 seconds.

Wow!

I was satisfied as crazy!

The next year

So, next year, I was planning, (in one year I became better, theoretically), and i was planning to run in one hour 13 minutes, okay?

So again, the race started. I ran as crazy and after a couple of miles, I noticed that again, I was running much faster than I should.

I should have run in more or less 3:30 per kilometer and I was running below 3:20 so much faster!

But, remembering what was happening last year, the year before, I said: okay, I’m running faster but never mind, it will just mean I will end up with a much better time than I expected.

Well, guess what?

After another couple of miles, I was dead!

That start killed me completely.

I slowed down, I was in agony.

In the end, I was able to finish the race with one hour 25 minutes.

So worse than what I planned the year before.

I finished the race, that's fine, but obviously, far from the expected goal.

What happened?

So what happened: I had overconfidence.

I was lacking of experience and I didn't consider the worst case scenario

where you end up bursting completely your energy in excessive speed compared to your actual shape, okay?

What does trading have to do with it?

This is true in running as it is in trading.

If you overestimate your capacity, if you underestimate the risks and you are not able to really evaluate risks in what you do, you can end up in a very sad way.

That year it was not dramatic, because one hour 25 was still a good time, but it was far from what i wanted to do and most probably, if I tried something like that today I would not even go to the end of the race, not even to half of the race, probably.

How can I help you?

So guys, the same thing is important in trading as said, and, do you want to better understand risk control?

Do you want to better understand your level in trading?

Well, maybe, we can help you, and we're first to see if we are a good match and you can book a call.

This is a free call, with one of our tutors, 45 minutes of call where you discuss about your situation, about your status, about your expectations, your skills and whatever.

The experience of our tutor can help you in identifying your real situation and maybe there is a way to work together and to find some interesting opportunity for both of us.

So guys, it's up to you!

Do you want to end up the race in 1 hour 13?

Book a call!

I can't promise you anything about the race, but about trading, I’m sure you will find something which is interesting.

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

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.