Michael, a doctor turned trader, has made waves in the World Cup Trading Championships. He made nearly $13,000 in a month with a 136% gain and a max drawdown of just 5.4%. Michael started trading many years ago but faced losses initially, causing him to pause. He returned to trading in 2020 during the pandemic and has since made significant progress.
Michael credits his success to the strategies he developed and his careful attention to drawdowns. He emphasizes the importance of choosing the best strategies and managing risks effectively. Michael uses the Titan software from the Unger Academy for position sizing, allowing him to take calculated risks with his small account.
Michael also mentioned the importance of learning and studying. He joined the Unger Academy program, which taught him programming, backtesting, and developing automated strategies. This comprehensive approach gave him the tools he needed to trade successfully. Michael believes that anyone starting from scratch should study each step carefully, go to coaching calls, and ask questions.
Out-of-sample periods are vital, according to Michael. They help traders see if their strategies will work in different market conditions. He advises new traders to be patient, avoid scaling up too fast, and gradually increase risk.
Michael's shift from being a full-time doctor to a full-time trader is a testament to his dedication and the effectiveness of the Unger Method. He stopped working in the hospital due to some issues and decided to focus on trading, which has worked out well for him.
The Unger Academy program stood out to Michael because he found it trustworthy. He noted that Andrea Unger, a four-time champion, cares about his students and provides a program that delivers results. Michael compared it to other programs that may not be as profitable or customer-focused.
Michael encourages anyone interested in trading to consider the Unger Academy, as it helped him achieve his trading goals. He believes the initial investment is worth it and can be recovered quickly through successful trading.
