Nathan Michaud - Tandem Trader Txtbook Trader Review

Nate is nothing more then a huckster selling get rich quick schemes. I lost thousand of dollars on his DVDs and chatroom and tens of thousands of dollars trying to follow his trading methods. The fact is Nate is not a profitable trader, he won't verify his trades when asked and never has. Nate makes money selling DVDs. He gets Affilaites on Twitter to promot his products and lure in newbie traders. Nate will find 1 trader out of thousands that shows a big p&l and use that trader to make a webinar, testimonial everything. The problem with this is that this trader had 1big win, maybe 2, but what Nate doesn't show you is that several months later this same trader took a 100k plus loss and vanished off Twitter. What Nate is teaching is reckless gambling that you will not make money on. Don't flush your money down the toliet on this!
View full review
#977032 Review #977032 is a subjective opinion of poster.
Reason of review
Bad quality

Nathan Michaud - Chat Room Review

I was hesitant to come forward and leave this review but it needs to be heard. Michaud is causing serious financial harm to innocent people. I got lured into Nates chatroom after seeing all the praise on twitter (little did I know most of those people were paid affiliates or new traders that made one lucky trade). I joined the chatroom at the end of 2014 hoping to learn how to day trade. After joining the room I quickly noticed a hostile tone towards anyone asking questions. Basically this was Nates was of trying to get you to buy his overpriced videos. His commom response to questions would be "check out Tandom Trader" only another $1k. Well after watching for a while I dediceded to buy the trading videos. These ended up being absolutely worthless (don't waste your money). I tried following Nate and other "top traders" in the rooms alerts and trades but someone how I would always lose and they would come out winning. Nate would refuse to actually show he was making any of these trades. Occasionally traders in the chatroom would make a big win and post it all over Twitter, but the facts really are these guys are not profitable long term. Nate will use one traders short win streak and turn it into a webinar, testimonial ect. Then two months later that trader loses all their money, but Nate doesn't care he got his testimonial. The trading method these guys use is absolutely insane and I would bet anything there is not 1 person in Nates chat that is making consistent long term money. I lost tens of thousands on Nates chat, videos and trying to replicate his "trading style". Nate and his paid Affilaites are seriously hurting people's life's. Don't fall for this elaborate scam, keep your money.
View full review

Had the same problem in this chat room. It’s a total scam.

Lost a lot of money on totally useless DVDs. Nate is just brain washing the newbies. He is a compulsive gambler and not a trader. If you try to copy his tactics you will lose lose lose lose.

His team of “moderates” stays there only to pump stocks and this is where they are making the money using chat guys as their goats or sheep. Nathan Michaud needs to be placed in federal prison for the losses he caused T to so many people!


Hi there, I just wanted to say thanks for posting this and making people like myself aware of what is really going on. I was tempted to get in on this whole thing, but after further research decided against it.

Thanks, and I'm sorry about the money lost (but not wasted).


So true.. Nate is a scammer, was caught in a penny stock scam and fined... people need to grow up and realize this guy for what he is...


My advise to new traders looking for mentors through trading chatrooms is the following: 1) If a chatroom moderator refuses to verify his/her own trading activity, there is a 99.9% chance they are trying to scam you...period 2) No need to spend money on educational can find the same material online for free 3) Before you subscribe to any chatroom, please do your own homework...almost all of the fraudulent chatrooms have already been exposed by other traders who have previously been scammed by them

View more comments (3)
#975012 Review #975012 is a subjective opinion of poster.
Reason of review
Bad quality

Why Trust Reviews on PissedConsumer?

  • Professional auto and live moderation
  • 100% user-generated content
  • Equal opportunity and protection
  • Zero tolerance for fake reviews
  • Verified content

For more information read Blog article