I dive into each and every topic with detail, visual examples and clear concise answers to better your trading strategy.
Chapter Overview. Chapter 2 — Setup and Terminology. Learn the trading lingo and how to become a focused trader. Discover the famous ABCD pattern and how to spot long setups.
Introduction to short-selling and which patterns to look for. Master early morning trading and learn how to spot setups. Understand the OTC setups that actually make you money. Nate goes over the brokers he recommends and why. Learn about helpful websites for trading and good traders to follow on Twitter. Proof of item: Please ki ndly contact us if you need proof of item. Nathan discusses some destructive pitfalls that new traders need to avoid and some basic best practices to understand and incorporate.
In the second chapter of Textbook Trading , Nathan talks about why he began blogging and how Investors Underground was started. Also covered in this chapter is trading and chat room terminology and Nathan starts with the basics, something brand new traders will appreciate.
In chapter 3, Nathan covers the basics of supply and demand — what really makes a stock move. He also discusses the importance of technical analysis and some of the important factors that he looks for in a setup. Nathan also keeps a close watch on former runners as these names can make huge price advances after times of consolidation.
Also covered is the importance of having multiple trading plans going into the day and what those should be. In chapter 4, Nathan teaches you his favorite long setups and why multiple timeframes are so important to take into consideration. Also discussed is stocks that open weak, stabilize, and perk. In chapter 6 of the DVD, Nathan transitions over to his most profitable types of trades — playing the short side. He first explains his favorite setups for profiting from declines.
He breaks down what to expect from these setups, how to profit from them, pitfalls to avoid, and more. Nathan goes over his favorite NASDAQ short setups, including parabolic shorts, follow through morning momentum, failed follow through momentum, late day faders, and slow grinders. Nathan also discusses the importance of defining risk before putting on a trade and he shares his favorite spots to risk off of. Next, Nathan discusses how to take advantage of emotion-fueled moves.
Nathan also shares how to profit on the backside of moves by shorting pops. In chapter 8, Nathan shares his most profitable strategies for trading OTC names. Nathan also gives you an education on stock promoters and how to successfully make money from pump and dumps. When it comes to day trading, your broker can make or break you.
Goals and a consistent daily routine should be a part of every trading plan, and in chapter 10 Nathan provides some helpful recommendations that every serious trader should take note of. Also discussed is trading psychology and the importance of maintaining discipline and sticking to your plan. In this final section of the Textbook Trading DVD, Nathan shares several of his favorite scanners, news resources, charting sites, Twitter follows, and more.
He also spends some time discussing short traps and does a live walk-through of his scan process. One of the best day trading courses for beginners, Textbook Trading teaches you the fundamentals needed to become a consistently profitable trader.
Unlike many other so-called gurus, Nathan Michaud is the real deal and someone that you can learn a whole lot from. Highly recommended. If so, please let other traders know what you think about it. This is one of the best DVD courses for stock market newcomers who are interested in learning how to trade intraday setups from one of today's top traders. Nathan Michaud is the real deal and he lays out everything you need to get started in this course.
While you can purchase this course separately, we'd highly recommend becoming an Investors Underground member and getting access to Textbook Trading and Tandem Trader his second DVD course as part of the subscription package. This will give you the a lot of additional support that the DVDs alone don't provide and it'll give you the best chance of becoming a successful trader.
The Textbook Trading DVD is Nate's first day trader course and is a great introduction to his trading strategies, especially for those who are new and want to get start trading.
Tandem Trader is Nate's second day trading course and it builds on the information covered in Textbook Trading , adding live tick-by-tick trading action which is a big help as it allows you to see his trading setups happening in real-time.
It's the better choice for experienced traders who are interested in learning Nate's trading style. We highly recommend both DVDs and you can get bundled access to them by joining Investors Underground.
Well-organized, teaches proven patterns for profiting from both the short and long side, lots of chart examples. Pricey although you can get access to it with an Investors Underground membership , no live trading footage. New traders and those who want to learn a legit and fully scalable approach to intraday trading.
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