What I Learned in London

by Andrea Unger

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Often, we learn the most important lessons from the most common circumstances... For example, I learned a very important lesson during a short stay in London with some friends of mine. 

I had just finished university and wanted to give myself some rest before venturing into the world of work.

Convinced to know the city well – since I had already been there other times – I decided to act as a tour guide for my friends... but unfortunately, I made an important miscalculation and things did not go as I had imagined them.

In this video, I tell you about my misadventure in the streets of London and what it taught me...

 

Transcription

In London

Do you remember the Fifa World Cup final, Italy versus Germany, in 1982? In Madrid?

I do. I was in London at that time and I was watching that final play with some Italian friends and with some guys from other countries, and they were supporting Germany but we had a really nice evening. 

I went back to London on other occasions.

I traveled around London, I enjoyed that, I love, I love London, definitely. 

What happened?

And many years later, I went back to London with two friends.

We were on a trip, and one of these friends purchased a map, and I said:  why are you purchasing a map?

I’ve been to London several times, I will be your guide, I know everything in London, why? 

It's outrageous you're buying a map. 

He said: Listen to me, I think a map can be useful!

Ah, bullshit, sorry!

And we started our visit, and all of a sudden, I realized that I wasn't able to tell them anything.

I knew well which were the very important places in London to visit, but I was not able to organize a visit.

I wasn't able to know what should come next, what should come first, I was a complete disaster! 

I was convinced to know everything about the city, but I didn't know really anything at all. 

So, in the end, the map of my friend Marco was very very useful, so me, Marco and Dario, that was the third friend, went through London following his map.

What does trading have to do with it?

So, why do I tell you this? 

Just to recap of the victory of Italy in the World Cup?

No, no, the point was that, on that occasion with my friends, I overestimated my knowledge and my skills in guiding them through, throughout London, and the same can happen in trading.

Sometimes we believe we have skills and knowledge in some parts of trading which will make us able to make profits out of the markets, but in reality we don't have them, and the result in that case is not to rely on the map of Marco but to lose money in the market.

Overconfidence and a distorted view of our skills can be really dangerous.

So, what should we do?

We should assess our skills, we should concentrate on where we are and how we are really, in comparison to what there's to do in the market. 

How can I help you?

To do so, you can do it alone or, if you prefer, you can see if we can help you, and you can book a free call with one of our tutors. 

It's about 45 minutes of call, and the experience of our tutors can certainly help you in order to clearly see your position in trading, and to see if, for any reason, we are a good match and we can help you in achieving your goals. 

It's free, you can really find 45 minutes for yourself to dedicate to your goals in trading.

Book a call! 

Our tutors are there to help you, and maybe, you can get what you are looking for.

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.

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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.