Scott McCormick CMT

Scott McCormick Photo
Power Trader Nation

As a Registered Representative with Charles Schwab & Co., Inc., Scott McCormick was involved in assisting clients execute equity and equity option trades.

In 2001, Scott began swing trading equities and equity options. After some losses, and making what appeared to be common investing mistakes, Scott decided to educate himself about technical analysis. During his studies through the Market Technicians Association, Scott found the world of Forex trading which was quickly added to his portfolio.

During his time as a Financial Consultant, Scott helped high net worth clients strategize, implement, and manage equity, mutual fund, and bond portfolios. When the bear market of 2007-2008 hit, Scott quickly realized that his investment philosophy did not match that of the financial services industry; leading him in 2009, to the opportunity to begin a career as an Instructor.

In his classes at Online Trading Academy, Scott teaches his students the use of technical analysis to identify high probability trading opportunities controlled with proper risk management.

Past

  • Charles Schwab & Co. Inc. Registered Representative and Investment Advisor Representative

Specialties

  • US Markets

Expertise

  • Stocks

Endeavors

  • FINRA series 7, 63 and 66
  • Charted Market Technician designation
  • Member of the Market Technicians Association, Society of Market Technicians
  • Affiliate of the Chartered Financial Analyst Institute
  • Level I CFA Candidate
  • Contributor at speaking engagements throughout the greater Washington D.C. area
  • CES Certified
  • Power Trading Radio guest

Hometown

  • Washington DC, USA

Student Testimonials

"Scott M. was a very effective instructor. A week earlier I would not have known the language. What I received from him is very valuable. This is a game; a serious game with rules that need to be followed. He provided all that." Louise S., March 2013

"Scott did an excellent job on driving the message home, very detailed and to the point. Stayed focused and ensured students got the message with dedicated attention. He is a master technician on platform, went beyond his duties as to perform IT duties. Great attitude and energy making students feel awesome." Jesse O., February 2013

"Our instructor (Scott McCormick) was amazing. He showed a genuine concern for the students learning the material and being able to reproduce it when they got home." David J., February 2013

"Scott helped me define the SZ and DZ more clearly this time and I learned the 2 bar trailing stop to lock in profit. Looking forward to applying the knowledge with Scott's tools "the Growth Goal calculation for wealth trading and day trading." Thank you, Scott." Asia K., January 2013

"I like Scott since he helps me stay disciplined in the market, and keeps you responsible for your sound judgement, NOT the result of the trade. Following the plan is the most important piece of the training for me as a rebellious behavior type and he helped. Thanks, Scott." Demseen D., January 2013

"If Scott were to teach a class on "Watching Paint Dry," I'd take it." Hollis W., January 2013

Get Expert Trading Lessons Delivered to Your Inbox

Subscribe to our award-winning Lessons from the Pros newsletter. Read last week's issue.