The Trader of the Month contest for June showcased remarkable performances by several students. Alessandro, Daniele, and Michael stood out with their impressive results. Alessandro earned €15,890, achieving a 31.72% return with a modest drawdown of 6.23%. His equity line peaked mid-month and remained stable, showcasing his skilled trading.
Daniele also delivered an outstanding performance. He made a profit of €9,621 with a return of 58.74% and a low drawdown of 8.38%. His equity line shows a consistent rise throughout the month, reflecting his solid trading strategy. Both Alessandro and Daniele achieved great results, but their performances were not enough to win the contest.
Michael, the contest winner, earned $12,864, achieving a remarkable return of 136% with just over a 5% drawdown. Michael's equity line shows consistency with low drawdowns compared to his massive return. He is also competing in the Robbin's Cup, which adds to the challenge. Despite leveraging more, he managed to keep his drawdown low. Michael has been a student at the Unger Academy for four years. He started live trading after just six months of study, focusing on micro contracts.
Michael faced challenges in developing robust strategies but eventually succeeded. He uses a portfolio of about 25 strategies, developed using the Unger Method. He employs Titan software for position sizing but prefers manual strategy selection. Besides his own strategies, he uses ones from the Million Dollar Database and the Unger Strategy Club.
Michael's advice to new traders emphasizes the out-of-sample period for strategy testing to avoid overfitting. He also recommends not manipulating strategies during live trading. His focus is on Nasdaq, DAX, Bund, Gold, Crude Oil, and single stocks, using intraday strategies.
Michael's success in the contest and his performance in the Robbin's Cup are testaments to his dedication and skill. His achievements highlight the importance of robust strategy development, thorough testing, and disciplined trading. His journey from a beginner to a top trader in the contest is inspiring for all aspiring traders.
