Nathan Michaud On Scaling to Generate Larger Gains
Nathan Michaud is a moderator of Investors Underground, a trading community that supports traders via webinars and a supportive forum. He’s been day trading since 2003, and he has a number of stories to tell. Nate’s experienced major financial and psychological highs and lows, and it’s all revealed during this interview. Nate has also capitalized on his many strengths playing small-cap momentum stocks.
Nate shares with us his methodology to fast moving stocks, additional risks with short-selling, why compounding is so powerful, clever ways to scale up and much more.
What’s Covered in This Interview:
- Nate tells us the crazy ups and downs when he was early into his career as a trader, such as his motorcycle story (which is infamous), bouncing back after losing almost $1 million, and being stung by the SEC.
- What you shouldn’t spend your energy on if you’re a less experienced trader.
- Why it’s fine to be inspired by other traders, but not necessarily influenced by them. Nate shares why you need to mould into the trader you have to be.
- Nate’s most reliable setups, why he usually gravitates towards short-selling naturally, and how Nate likes to trade small-cap momentum stocks.
- What Nate thinks are challenges that can happen when traders scale up, and smart ways to tackle these challenges
- Why traders need to let go of their sloppy habits in order to reach their maximum potential.
Links and Resources:
- InvestorsUndergound.com – Get high quality education and ongoing support from the Investors Underground community.
- Momo Traders by Brady Dahl – Nate’s featured in this book about ten momentum traders and how they started from the ground up.
- Traders4ACause.org – The charity founded by Nate founded this charity, which raised more than $200,000 in 2015 by hosting live events for traders.
- Interview with @LX21 – This is the must-watch interview with Greg (better known as @LX21 on Twitter), by Cam of Investors Underground.
- @InvestorsLive – Follow Nate on Twitter.
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