Nathan Michaud – Investors Live: Textbook Trading
Be prepared for a SOLID eight hours packed full of information. You’ll need a paper and pen, watch it once … twice … as many times as you want and I guarantee you’ll learn more EACH and EVERY time!
This goes through EVERYTHING I’ve learned from day one. Where I’ve made the most money, lost the most money, what to stay away from; the lessons I learned the hard way
and – most importantly – how to come to the market EACH day for a paycheck, prepared, energized, and ready to anticipate trades for daily profits.
I dive into each and every topic with detail, visual examples and clear concise answers to better your trading strategy. I do this EVERY DAY! I’ve made this to speed your LEARNING CURVE up exponentially.
The complete DVD is divided in 11 chapters, all covering different parts of Nate’s trading experience. It starts with his personal story of how he started trading. He tells about some of his greatest successes and his biggest losses as well. You can learn from all his mistakes he made so you can prevent making them yourself.
He starts with some basic terminology that you need to understand to be able to watch the rest of the DVD and you’re new to trading. When you are already familiar with trading this can be a little too much as it is probably all known to you, although it can be a good thing to refresh your basics now and then. When you are a new trader this is a very good explanation of the basics that you most certainly need to understand.
To get to understand the trading setups Nate is looking for you need to understand some technical analysis aside from the terminology that is spoken among traders. Nate spends a chapter outlining very clear how he has set up his charts and which technical analysis he uses for trading.
Even if you are not preparing yourself for day-trading everybody should watch the first there chapters to get a basic knowledge and understanding of how the stock market works. After watching these chapters everybody, new traders and more experienced ones, is really prepared to watch this complete DVD and start your amazing journey of becoming a great trader.
The next three chapters are really going into the different trading setups that he has been perfecting over the years. It is amazing to see how his explanations are kept simple, so that everybody can easily understand them. He doesn’t throw you in the deep by filling the screen with complicated chart after chart, but he takes the time to explain the chart setup by simple and clear drawings. This gives you, as the student, the opportunity to first understand the pattern without being distracted by the actual price, the time-frame of the chart or whatever more clutter there can be on real-time charts.
After explaining the setups he’ll show several examples of stocks following the exact pattern he has just taught you to understand. So that you will see that stocks are really doing what he is looking for to trade.
The DVD contains both trading setups for long trades as for shorting. Although Nate is mainly a day-trader he also explains how his setups can be used to swing trade as well.
An amazing addition to this DVD are the last two chapters. After having taught everything about his strategy and trading setups he goes deeper into the emotional part of trading. What are the troubles you’ll encounter mentally when becoming a trader and what can you do to not let them get the overhand of your trading. This is just an great chapter, as most of the DVDs out there only get into the technical part of trading. But being a trader is so much more than just stocks and charts.
Nate takes you through his daily routine, what things does he do prior to the market open to be prepared for the day. What are the things he does or is looking for during the trading day. Besides his own daily routine he helps you how to determine your own trading goals which helps you being realistic about what you can expect and how to build your account.
A great quote of him: “Look sharp, trade sharp”. Meaning that even though you are able to trade from wherever you want doesn’t mean you can sit behind you desk in your pajamas, you have to take trading serious and prepare yourself for the day.
In the last chapter of this DVD Nate will take you with him when he is building a watch list for the next day. You’ll see him doing his homework “live” as he explains what he does and what he is looking for when he is creating his watch list for the next day. Nate shares what websites he uses, how he sets up his charts to see if there are any opportunities to trade the next day.