Michelle Nguyen, More Interviews

Michelle Nguyen (aka Mish)

 

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QUESTION – Thank you for taking the time to participate in the Q & A session. Before we start in detail. Would you like to share with everyone, who you are, what you do for a living, where you live and do you trade fulltime

Michelle (aka MISH) -My name is Michelle but everyone calls me Mish. I’m a Physiotherapist and I live in Australia. I daytrade four days a week, so essentially I’m a part-time trader

 

QUESTION – We understand you live in Australia. What do you like and dislike the most about the country. And how do you handle the time difference when trading

Michelle (aka MISH)Likes about Australia:
– The currency conversion ($1 USD = $1.4 AUD)
– Do not have to comply with the PDT rule that US citizens have to comply with
– Time zone (double edged sword, I also dislike this too)… I’m able to work my full-time 9 – 5 job without interruption and daytrade the US markets at nighttime

Dislikes about Australia:
– Time zone. Market open varies depending on daylight savings and is essentially 11:30pm (April til October), 12:30am (October til November), 1:30am (November til March) and 12:30am again (March til April)

To combat this, I only trade 4 days (Wednesdays are my day off) to ensure I get 3 nights of normal sleep per week. On the nights I trade, I try to have a “trader nap” which ranges between 1 – 4 hours depending my other commitments. I try to be done trading by 12:00pm EST because if it gets any later I start making questionable trades (4:00am local time is stupid o’clock for me). After trading I usually get another 1 – 3 hours of sleep before my alarm goes off at 7:00am for work. I bitch about this all the time but it’s really just a first world problem and I need to man up and accept it LOL

 

QUESTION – What failure or setback in life and trading have you experienced that has set you up for latter success?

Michelle (aka MISH)I started daytrading in January 2017, initially in the Australian stockmarket and eventually the US stockmarket. I blew up numerous accounts… one all on my own and the others I attribute to being in, shall we say, FURU plus pump and dump chatrooms. I was trading blind, as the education I received was very scattered, incomplete and all over the place, leading me to be down five figures in regards to losses. I was determined to master this, as I refused to believe I could not do something once I had set my mind on it. This probably stems back to my parents pushing me to achieve the best I could in my academic studies, telling me I could do just as well (if not better) than all the boys in my high school… I did indeed achieve this, graduating as the Dux of my year level in my final year of study.

QUESTION – Outside of trading, what strange or unusual habit do you have and enjoy?

Michelle (aka MISH)I’m also a makeup artist, specializing in bridal and special occasion makeup. I used to do this as a side job, but as my spare time is more scarce in the last few years this has become more of a hobby that I do for close friends and loyal long-term clients only.

 

QUESTION- How would you describe your trading style? How has it evolved over time?

Michelle (aka MISH) -I like to think my style is simplistic, as I like to trade obvious setups like double tops / lower highs and double bottoms / higher lows. My mentor Kelvo has described my attitude as fearless and tenacious, with a hint of stubbornness HAHAHA. I used to only know how to “scalp” trade (i.e. long 2000 shares hoping for a pop, and exit my full position less than a minute later)… as you can probably tell, this didn’t work very well for me as I used to trade low-float pennystocks that I didn’t know were being pumped by other chatrooms.
Since being in Trick Trades, I have been taught how to “snipe” my trades… I wait until the perfect play sets up, then I execute the perfect entry for the best risk / reward level. I now know how to be in a trade longer (we call this “milking the cow”, also known as the KillZone strategy). I can still scalp where and when the market conditions call for it, but I’m scalping proper stocks with good range and proper floats. So no more holding-the-bag for me (I like to tell people I have a PHD in Bagholding from my pennystock days).

 

QUESTION – Outside of work and trading, how do you enjoy spending your time?

Michelle (aka MISH) I have two children (a 6 yr old girl and a 4 yr old boy) so my spare time is spent with family. I try to minimize being in front of the computer on the weekends as I’d like to maximize “family” time with them. On the whole I’m grateful that they’re already in bed asleep by the time the market opens for me so they have no idea I stay up to silly o’clock trading. Oh and also napping. I like to spend as much time as humanly possible napping LOL

 

QUESTION – What advice would you give your younger self ?

Michelle (aka MISH)I would love to tell young Mish three things:
1) There’s a message in the way a person treats you… just listen
2) Every word has consequences. Every silence, too
3) No, you do not need 40 eye shadow palettes, even if you are a makeup artist. Put it down and back away

 

QUESTION – What good & bad advice do you hear often in trading, and also life in general?

Michelle (aka MISH)Trading:
Good – Don’t daytrade with money that you can’t afford to lose. Daytrading is already hard enough, don’t add to that the stress of trading with rent / mortgage money
Bad – Buy the dip. But they don’t tell you how?
Life:
Good – In three words I can sum up everything I’ve learned about life – it goes on. The things you are stressing about now, will likely not matter in another five or ten years
Bad – Be yourself. It’s just about the worse advice you can give to some people, because what if they’re the human version of a skidmark?

 

QUESTION – What are your favorite trading & non-trading books to read and why

Michelle (aka MISH)Non-trading:
Fifty Shades of Grey (E.L James) – I shit you not, this changed my life. After reading the first few chapters I was determined to never waste another minute of my life reading such trash again. That was precious minutes of my life I would never get back! I could’ve used that time so much more efficiently… like watching mentorship videos, napping or shave my legs. After this I was determined to make better use of each minute of my life and read only books that would better me as a person or as a daytrader

Trading:
The Disciplined Trader: Developing Winning Attitudes (Mark Douglas) – a lot of books focus on technical analysis or risk management, but not many focus on daytrading psychology. The teachings from Trick Trades goes hand in hand with the message in this book. Both the book and Trick Trades focus on the fact that you can have the best daytrading strategies in the world, but without discipline you will struggle to make profits consistently. I’ve been able to conquer most of the bad habits I picked up before joining Trick Trades, and I feel that discipline is my final hurdle that I must overcome in order to say that I’m a consistently profitable daytrader

 

QUESTION – When you have lost your mojo or focus (both at work and life), what do you do to get back on track. What is your why?

Michelle (aka MISH) I keep pictures of my two turdlers around my desk, both at work and at home around my trading station. When I feel like I’ve lost my way a bit because I’ve had a bad day at work or in the markets, I look at these pictures to remind myself why I’m doing all of this. I cuddle them to bed some nights, and I tell myself that I’m trying to provide a better life for them… this motivates me to pick myself up again, dust myself off and start all over again. Oh and also my mortgage statement from the bank which is right next to the picture of my kids… that serves me as another reminder as to why I’m doing this LOL

 

QUESTION – If you could have a big billboard with your favorite saying or message on it, what would it be.

Michelle (aka MISH) – A good sense of humour, a dirty mind and a beautiful heart. That’s a deadly combination

 

QUESTION – How can our readers follow you on social media?

Twitter: https://twitter.com/mishtix888

Youtube: https://www.youtube.com/mishtixTV

In an effort to overcome my final hurdle (discipline) I’m doing a #SavageScansChallenge where I’m growing my TEFS funded account trading ONLY the alerts from the Trick Trades Savage Scans (powered by Trade-Ideas). These aren’t your regular cookie cutter standard pre-set scanners, as they offer the best risk / reward levels when traded using the Trick Trades style of trading. Your readers are welcome to follow me as I document my journey to see how much I can grow my account by

 

Thanks Mish for taking the time to let our readers get to know you a little bit better. Wishing you only the best on your journey in trading and life.

3 thoughts on “Michelle Nguyen (aka Mish)”

  1. Just want to comment about the discipline thing—I recently read a quote from a US Navy Admiral who is also a special forces qualified guy. He says to make your bed every single day and it will make you better at a lot of things in life. Well, it sounds kinda oversimple, but we would benefit by making a habit of doing one tiny thing that benefits us every day especially if it is somewhat uncomfortable or not fun.

    For example, I always liked and never minded washing dishes at home or elsewhere. But I hated doing laundry. So, I had this job out on oil rigs in stewards department, we do all the food prep and serving cooking and kitchen and dining work as well as laundry and cleaning rooms and bathrooms etc.

    I got on a large rig and was stuck doing laundry every day for 90 people, and after a while it was fine and ok and now 35 years later I still do not mind doing laundry any time.

    For me the little task I am beginning is mild or moderate aerobic exercise for 10 minutes a day and plan to work up to one full hour a day. I absolutely know it will make my life a lot better. I did it for 25 consecutive years when I was younger and it is awesome.

    and we do not lose time despite what most people think. Because what happens is our bodies over a period of time become much healthier and more fine tuned like an engine in a car. And we sleep a whole lot less and still get plenty of rest.It will absolutely transform your life and you will be even more focused and positive in almost everything you do. You look great in the pictures so getting toned up by jogging or some other exercise will only make you even better looking and that is just one more small benefit

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