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Nathan Michaud Textbook Trading DVD Review

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Free Beginner Day Trading Series Investors UndergroundCar buyers can find a wealth of information in Kelly’s Blue Book. Home buyers can lean on resources like Zillow but what do day traders have? Who cares! Let me tell you what they should have. If you haven’t read this post on when I joined the Tim Syke’s Millionaire Challenge then you won’t know why my opinion might matter to you. You see I get a lot of comments asking my personal opinion about this journey and now with over 50 subscribers to this blog I feel compelled to share a great resource a (new) day trader must have. That resource is the Textbook Trading DVD by Nathan Michaud.  Let me tell you it is one of the most comprehensive, detailed and well thought out day trading resources you can have to maximize your profits and minimize your errors, losses and dumb mistakes. It was shortly after I joined the challenge that I found out that the Textbook Trading DVD was out and when I read all the buzz on Twitter, Profit.ly and Investimonials I knew I had to have it. Plus there was a big sale going on which gets me every time. 🙂 Anyway, I watched the entire DVD from start to finish two times and then re-watched certain segments over and over again to get a better understanding of the material. Let me make this clear, even after I post this review I will continue to refer to the DVD because there is a world of knowledge stored inside that I am sure I missed. So, with that being said I am ready to give my honest review of the good the bad and the ugly of Nathan Michaud’s Textbook Trading DVD.

Textbook Trading DVD The Good

The DVD is broken up into 3 parts. The DVD, Quizzes and the Interviews. The quiz is fun and helps to jog your memory once you have watched the DVD. The interviews are inspiring and leave you wanting more interviews but the jewels are in the DVD.

There are 8 hours composed of 11 chapters in the Textbook Trading DVD and it appears that they were broken up that way to maximize a day trader’s education. Below is a breakdown of each chapter with a little comment about my thoughts.

  • Textbook Trading DVD – Chapter 1 – Purpose & History

You must watch chapter 1. Nate’s history is so important to understand what gives him the right to sell people his education and knowledge. Plus there is a GREAT story of how he lost a HUGE amount of money trying to save himself from a motorcycle parking ticket and tow.

  • Textbook Trading DVD – Chapter 2 – Setup and Terminology

There are specific terms that will confuse you if you don’t know what they are. HOD, SSR, R/G, G/R and the list goes on and on and on. Nate breaks them down plus he gives his insight into why he blogs during the slow period of the trading day and how he sets up his computer.

  • Textbook Trading DVD – Chapter 3 – Charting & TA

Do you know how to read a stock chart? Do you understand candlesticks? There is important information in them and Nate explains how to read it. If that wasn’t enough he also discusses the importances of former stock runners and the whole and half dollar magnet.

  • Textbook Trading DVD – Chapter 4 – ABCD & Long Trades

ABCD is just pure GENUIS. It really helps you to make an educated and prepared decision if you decide to go long on a trade. It also helps you to set an excellent risk to reward trade. What is risk to reward you ask? You see I told you this DVD was good.

  • Textbook Trading DVD – Chapter 5 – Red/Green & Long Trades

Sometimes you have to anticipate when a stock is moving after a set up. Going from red to green can be rewarding under the right circumstances. Add in a stock that stabilizes and perks after a weak open and once again you might see some nice profits. Nate breaks that down plus much much more.

  • Textbook Trading DVD – Chapter 6 – Shorts and Over Extensions

Sir Issac Newton said, “what goes up must come down”. Nate would probably have revised that theory if Sir Newt was referring to stocks. By the way chapter 6 was my personal favorite.

  • Textbook Trading DVD – Chapter 7 – Morning Emotion & Faders

When emotions come into play things can go CRAZY. Nate shares what he looks for in a morning panic which can reap very profitable results. However, there are some traps that newbies fall for but Nate breaks them down so you can watch out for them.

  • Textbook Trading DVD – Chapter 8 – OTC Trading

OTC stocks act differently than listed stocks. Although Nate explains he doesn’t trade them as much as he used to he does share the gap plays, bounce plays and the pumpers who sometimes help to make these stocks volatile.

  • Textbook Trading DVD – Chapter 9 – Brokers

What broker should I use is the number 1 question I see in Tim Syke’s chatroom. I am pretty sure Nate gets a fair amount of that same question. Luckily not only does Nate break down which brokers to use and why he also has certain deals for new traders.

  • Textbook Trading DVD – Chapter 10 – Daily Routine & Goals

We all have a daily routine in life but if you are going to day trade you need to be prepared. Nate breaks his entire day down to a T which might seem unnecessary but, on the contrary, is so needed. Plus trading psychology, defining goals and taking profits are all discussed here.

  • Textbook Trading DVD – Chapter 11 – Websites & Homework

Yes there is homework. Trading isn’t easy but mistakes can be avoided and profits can be bigger if you check the right websites and prepare nightly. Oh and the best part about this chapter is Nate does a watch list live. This is a must watch.

Textbook Trading DVD The Bad  

Nothing or no one is perfect except my wife in case she is reading this review. Nevertheless, the short of it is, the DVD isn’t perfect. HOWEVER there isn’t too much that can make this DVD better. I mean even the cost without the sale is reasonable if you think about all the time and money you will save in the early days of trading. Ok, I do wish there were one more chapter where I could have watched Nate trade live. Although, now that I think of it maybe that can be for another DVD called Nathan Michaud and his Live Trading DVD. Hint Hint. 🙂

Textbook Trading DVD The Ugly

There are a bunch of texts and charts that really can’t be categorized as ugly or pretty. Actually chapter 3 has a lot of charts with pretty colors in them but that isn’t important right now. Besides, I just wrote that because I am  a huge fan of Clint Eastwood.

Final Thoughts

In case you were wondering I get nothing financially out of writing this review. I am not an affiliate nor am I associated with Nate or his chatroom. I do plan on joining Investors Underground Elite very soon but read my response to being accused of working for Tim Sykes and his affiliates. I tell the truth on this blog. I care about those who stop by and ask questions on this blog. That is why if you are thinking about getting into trading I STRONGLY suggest you purchase Nate’s DVD. It will save you hours upon hours of headaches, mistakes and losses. Let me repeat that. Nathan Michaud Textbook Trading DVD will save you hours upon hours of headaches, mistakes and losses.

Click here to watch a preview of the Textbook Trading DVD and follow Nate here on Twitter to see if any new sales come up.



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Important Resources

  • Read my frequently asked questions or if you need personal 1 on 1 guidance from me on how to fully prepare as well as protect yourself from the misrepresentation please click here.
  • Every month I update this post here for my personal "Millionaire Challenge". I suggest you read the entire post and when you reach the bottom you can see my updated progress.
  • I highly recommend the Simple Path to Wealth book to grow Your wealth simply and steadily. It will educate you beyond your financial imagination. This is my review of the book.
  • If you are new to stock trading test your knowledge here with a basic stock market quiz.
  • There are a lot of secrets in trading stocks and I reveal 20 of them in this popular post.
  • If you are confused about short selling stocks then read this simple explanation that will clear it all up.
  • This free stock research tool will give you all the necessary information on any stock you type into the search bar.
  • Do your best to avoid day trading distractions. Especially the 10 I list here.