The 'nut' is integrated into the clutch. By holding the clutch, you are making it impossible to remove. You need to stop the piston from moving in order to keep the crankshaft from turning. Here's how it's done, remove the spark plug and stuff 4 to 6 inches of small rope into the cylinder, make sure you leave some sticking out to get the rope out later. While doing this there is the risk of damage to the starter mechanism when you put it all back together. To avoid starter damage the safest thing to do is remove the starter or you could pull some starter rope out until you are sure the rope you packed in the cylinder is keeping the piston from movine not that you have jammed the starter dogs. This would take 2 minutes to demonstrate but 20 minutes to type.