The latest Trader of the Month contest for May at Unger Academy has just concluded. Emanuele, Andrea, and Francesco showed impressive performances in their live trading results. Now, let's dive into what they achieved and the lessons we can learn.
Emanuele earned €5,458 last month. This is a return of 39.77%. His drawdown was 11.46%, which is high but proportional to his gains. He mainly traded Micro Nasdaq, Micro S&P 500, and Micro Dax. His equity line performed well until mid-month, then declined, showing a slight recovery by the end of the month.
Andrea earned €5,723 last month, achieving a return of 32.49%. His drawdown was a bit lower at 6.40%. He focused on Micro Nasdaq, Micro Gold, and Copper. His equity line also rose well until mid-month and then declined in the last part of the month. Both Emanuele and Andrea did a great job, but they faced some dips.
The winner, Francesco, had the smoothest equity line, closing at the highest levels. His performance was 35.12%, with a very low drawdown of 3.54%. In monetary terms, Francesco's gain was €14,574. He won the contest and the €2,000 Amazon voucher.
Francesco has been a student of the Unger Academy for less than a year. He started in July 2023 and began live trading by January 2024. Francesco's background as a business consultant helped him in market study. He is very satisfied with the support from our Dedicated Coaches, also known as CSMs.
Francesco currently has a portfolio of nine strategies from the Unger Academy's databases, particularly the Million Dollar Database. He also developed two proprietary strategies, keeping them out of sample to avoid overfitting. He does not use Titan since he has nine strategies.
He personalizes the strategies, verifying the parameters and entry conditions to ensure stability. Francesco uses micro futures, trading with multiple contracts to equalize the risk for each instrument and strategy. He started with stop losses and moved to a more efficient mode, equalizing the drawdowns of the individual trading systems within the portfolio. His portfolio maintains a medium level of risk, avoiding excessive leverage.
When asked about his experience, Francesco said he applied what he learned from the academy. His advice for new traders is to study a lot to gain the confidence needed to manage difficult phases and find the courage to go live. Often, traders fall into excessive study, delaying live trading. Francesco suggests preparing well and starting live trading with a few systems.
Money management is another crucial aspect. Proper money management is vital for success in trading. Francesco's experience shows that with the right preparation and support, achieving great results is possible.
