Surgetrader is an online stock trading educational platform that has been gaining popularity among traders who want to learn how to trade small-cap stocks.
Introduction
Founded by Nate Michaud, a well-known day trader and educator, Surgetrader offers a range of educational resources to help traders improve their skills and profitability. In this review, we will take an in-depth look at Surgetrader and evaluate its key features, including its trading simulator, trading chat room, DVD courses, and trading strategies.
Regulation and Reputation
Surgetrader is an educational platform for traders and does not act as a broker-dealer or registered investment advisor. As such, Surgetrader is not directly regulated by any financial authority. However, the platform does promote the importance of regulatory compliance and risk management in trading. Surgetrader also provides guidance on how to comply with SEC regulations and encourages traders to use reputable brokers that are registered with the appropriate regulatory bodies. It is important for traders to conduct their own due diligence and ensure that they comply with any relevant laws and regulations when trading.
Nate Michaud and Investors Underground
Nate Michaud is the founder of Surgetrader and is also a co-founder of Investors Underground, a popular stock trading chat room and educational platform. Michaud has been trading stocks for over a decade and is well-known for his expertise in small-cap stocks. Investors Underground has over 1,000 members and is a great place for traders to share ideas and learn from each other.
Surgetrader Trading Asset
Surgetrader focuses primarily on small-cap stocks as the main trading asset. Small-cap stocks are stocks of companies with market capitalizations between $300 million and $2 billion. These stocks are often overlooked by larger institutional investors, making them more volatile and potentially more profitable for individual traders who can spot trends and patterns in the market. Surgetrader provides educational resources and trading strategies specifically tailored to trading small-cap stocks. However, the platform also covers other trading assets such as options, futures, and forex.
Surgetrader Commission
Surgetrader does not charge commission directly as it is an educational platform, not a broker or trading platform. However, the brokers that Surgetrader recommends may charge commissions or fees for trading. Here is a comparison table of the commission rates for some popular brokers:
| Broker Name |
Commission |
Minimum Commission |
Additional Fees |
| Interactive Brokers |
$0.005 per share |
$1.00 |
Regulatory, Exchange, and Clearing Fees |
| TD Ameritrade |
$0 per trade |
$0 |
Regulatory, Exchange, and Clearing Fees |
| E*TRADE |
$0 per trade |
$0 |
Regulatory, Exchange, and Clearing Fees |
| TradeStation |
$0.005 per share |
$1.00 |
Regulatory, Exchange, and Clearing Fees |
| Charles Schwab |
$0 per trade |
$0 |
Regulatory, Exchange, and Clearing Fees |
Traders should also be aware of any other fees that may be charged by their broker, such as account maintenance fees, inactivity fees, or data fees. It is important for traders to understand the fees associated with their chosen broker and trading platform to minimize costs and maximize profitability.
Surgetrader Trading Platform
Surgetrader is an online trading education platform that does not provide a trading platform directly. However, the platform provides guidance on how to choose a reputable broker and trading platform. Traders can use a variety of trading platforms to execute trades, including popular platforms such as thinkorswim, TradeStation, and Interactive Brokers. Here are some features of these popular trading platforms:
- Thinkorswim: This platform is offered by TD Ameritrade and provides advanced charting and analysis tools, customizable workspaces, and access to a variety of asset classes, including stocks, options, futures, and forex.
- TradeStation: This platform offers advanced charting and analysis tools, customizable workspaces, and access to a variety of asset classes, including stocks, options, futures, and forex. TradeStation also offers a proprietary programming language called EasyLanguage, which allows traders to create custom indicators and automated trading strategies.
- Interactive Brokers: This platform offers a wide range of asset classes, including stocks, options, futures, forex, and bonds. Interactive Brokers provides advanced trading tools, such as algorithmic trading and smart routing, as well as low commission rates.
It is important for traders to choose a trading platform that suits their needs and trading style. Some platforms may be more suitable for day trading or scalping, while others may be better for swing trading or longer-term investing. Traders should also consider factors such as commission rates, order execution speeds, and customer support when choosing a trading platform.
Surgetrader Feature
Surgetrader offers a variety of features that make it a popular choice for traders who are looking to improve their trading skills and knowledge. Here are some of the key features of Surgetrader:
- Trading Education: Surgetrader offers comprehensive trading education courses that cover a wide range of topics, from basic trading principles to advanced trading strategies. The courses are designed to provide traders with a solid foundation in trading, regardless of their skill level.
- DVD Courses: Surgetrader offers DVD courses that provide traders with in-depth knowledge and insights into specific trading strategies and techniques. The DVD courses are led by experienced traders and provide traders with practical advice and real-world examples.
Chat Room: Surgetrader offers a chat room where traders can interact with each other and with experienced traders. The chat room provides a platform for traders to share ideas, ask questions, and receive feedback on their trading strategies.
Another Feature
- Trading Simulator: Surgetrader offers a trading simulator that allows traders to practice their trading strategies in a simulated trading environment. The simulator provides traders with real-time market data and allows them to test different trading strategies without risking real money.
- Trading Strategies: Surgetrader provides traders with a variety of trading strategies, including momentum trading, swing trading, and day trading. The strategies are designed to help traders identify profitable trading opportunities and execute trades with confidence.
- Risk Management: Surgetrader emphasizes the importance of risk management in trading and provides traders with tools and strategies to manage their risk effectively. Traders are taught how to set stop-loss orders, manage their position sizes, and minimize their losses.
Educational Resources: DVD Courses and Chat Roo
One of the standout features of Surgetrader is its educational resources, which include DVD courses and a trading chat room. The DVD courses, such as Textbook Trading and Trading Tickers, offer in-depth lessons on trading strategies, technical analysis, and risk management. The courses are designed for traders of all levels and offer valuable insights into Michaud's trading techniques.
The trading chat room is another great resource for traders. Members of the chat room can communicate with other traders in real-time, share trading ideas, and ask questions about the market. The chat room is moderated by experienced traders who provide valuable insights and feedback to help traders improve their skills.
Trading Simulator
Another valuable feature of Surgetrader is its trading simulator. The simulator allows traders to practice their trading strategies in a risk-free environment. The simulator is designed to mimic real trading conditions and provides traders with the opportunity to test their strategies without risking real money. This is a great way for traders to gain experience and confidence before trading with real money.
Trading Strategies: Momentum and Swing Trading
Surgetrader offers a range of trading strategies, but two of the most popular are momentum trading and swing trading. Momentum trading involves buying stocks that are rising in price and selling them when the momentum slows down. Swing trading involves holding onto stocks for a few days or weeks to take advantage of short-term price movements. Surgetrader provides valuable insights into these strategies and offers guidance on how to implement them effectively.
Technical Analysis
Surgetrader also places a strong emphasis on technical analysis, which involves using charts and indicators to identify patterns in the market. Technical analysis can be a powerful tool for traders, and Surgetrader provides a range of resources to help traders improve their technical analysis skills.
SurgeTrader Customer Support
Surgetrader provides customer support to its users through several channels. Here are some of the ways in which Surgetrader offers customer support:
- Email: Surgetrader provides an email address on their website where users can send their queries, questions, and concerns. The support team responds to emails within a reasonable time frame.
- Chat Room: The Surgetrader chat room provides a platform for traders to interact with each other and with experienced traders. Traders can ask questions, seek advice, and receive feedback on their trading strategies.
- FAQ Section: Surgetrader has a comprehensive FAQ section on its website that covers a wide range of topics related to trading education, courses, trading strategies, and more. The FAQ section provides answers to common questions and concerns.
- Social Media: Surgetrader has a presence on social media platforms such as Twitter, Facebook, and YouTube, where users can follow them to stay updated on news and announcements related to the platform. Users can also send messages or post their queries on these platforms.
- Phone Support: Surgetrader provides phone support to its users during regular business hours. Users can call the support team to get answers to their queries or concerns.
Conclusion
Overall, Surgetrader is an excellent resource for traders who want to learn how to trade small-cap stocks. With its range of educational resources, trading simulator, and trading chat room, Surgetrader provides traders with valuable insights and guidance to help them improve their skills and profitability. Whether you are a beginner or an experienced trader, Surgetrader has something to offer.
FAQ
What is Surgetrader?
Surgetrader is a trading education platform that provides courses, trading strategies, a trading simulator, and a community of traders to help users improve their trading skills.
Who is the founder of Surgetrader?
Surgetrader was founded by Nate Michaud, a successful trader with over a decade of experience in trading.
What courses are available on Surgetrader?
It offers several courses, including Textbook Trading, Trading Tickers, and Tandem Trader, which cover various trading strategies and techniques.
What is the trading simulator on Surgetrader?
Surgetrader's trading simulator is a platform that simulates live trading to help users practice their trading strategies and improve their skills without risking real money.
