Author/Editor
Jeff Opdyke
Publisher
Sovereign Society
Description
Overall Rating
Rating: 1.9/5. From 16 votes.
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1.6
Rating from 69 votes
If youโve subscribed to Precision Profits, please click the stars below to indicate your rating for this newsletter, and please share any other feedback about your experience using the comment box below.
Investment Performance
Rating from 22 votes
Rating: 1.3/5. From 22 votes.
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- 1 Stars 20 Votes
Quality Of Writing/Analysis
Rating from 14 votes
Rating: 1.7/5. From 14 votes.
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- 1 Stars 9 Votes
Value For Price
Rating from 17 votes
Rating: 1.6/5. From 17 votes.
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- 1 Stars 14 Votes
Customer Service
Rating from 16 votes
Rating: 1.9/5. From 16 votes.
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- 1 Stars 9 Votes
I tried a promotion for 3 months. I check the performance for 2017 and they are losing money, -80% cumulated. I wanted to cancel the subscription and get my money back, but they told me that it is a non refundable subscription and i lost the money. If someone don’t believe me, I can post the performance for 2017.
Aurelian, I joined Precision profits last year and lost money. I had 3 months to try it out and it was refundable and I did get my refund. I tried 3 services with this company and they all lost money. I would like to see the performance for 2017 out of curiosity. Thanks.
That would be greatly appreciated!
Is there any resent comments regarding Michael Carr / Precision Profits?
Most comments are dated 2016.
Was a subscriber to Oil Options Hotline which for the most part I was very happy with. However they sold to Banyan and am now switched to Precision Profits. There are way too many people fishing in the same stream to catch the recommended buy price and most of the time you either don’t get in at a good price or don’t get in at all. Plus the most current recommendations have not worked out well. Not happy and will seek a refund
I was a subscriber (for 3 Months) to Precision Profits for by Michael Carr at Baynan Hill Publishing for $3000/year at $750/Qtr. This is an Options Trading Advisory buying Calls/Puts utilizing his computer ALGO & many indicators to predict exactly when a stock or index will go up or down. The pitch or claim is to turn $10K into $200K in one year. Luckily he provided a spreadsheet of all the trades from 2017 and I saw that there were 26 Losing Trades and 22 Winning Trades ending up +79% if you made every single trade and stayed in 5 of them for a +300-400% gain (which most traders wont do), there were also 12 -100% total loss trades. So there are Way Too Many Losing Trades in this system for me and based on your timing/luck you could make some money/break even/or lose money = Not Worth $3K /year subscription.
I asked for a refund from customer service and was told they do not give Refunds – so I got my credit card company involved and prevented them from billing my credit card again (and they tried). I also noticed the ALGO was getting you into the Up/Down Trend trades a bit too late in the move – if he tweeked the ALGO it should produce more winners
I had a trail for 3 month. Totally a disaster. Lost lot of money, plus their membership is 3k. Not worth it.
Michael Carr Is now the publisher same shit different person.
I have been in the Precision Profits service for about 6 months. You will not make money. Also, I asked for a refund for my unused service, and they refused to give it to me. They said I could get into another service of theirs. They just pat each other on the back and tell folks how great they are with unbelievable returns. Keep in mind, he gives you the optimum gains which you cannot achieve. Very few people are successful in the options market, especially if you hold them for any length of time. Michael is one of those unsuccessful investors.
I joined the service in 2016 And over a six-month period I turn $50,000 into about $5000. Almost every single option they recommended buying expired worthless. Was the worst experience of my investing career. I will say I signed up under a guarantee and southern society did refund the cost of my membership, but $3000 was nothing compared to what I lost trading with the service. I would not recommend this to anybody.
Thanks for passing on your experience. I just started following their trades with some token buys and am already sittin in the red. I don’t understand where the current guru of Precision Profits, Michael Carr, claims to have been calling the shots since 2009. He claims an average of double the S&P for that time and also 72% winners. I’m glad that I’m just checking it out and not even subscribing (using a friend’s account). It is a place to get ideas but I wouldn’t use his or their system. The buys are too highly priced and cut into potential profits. I’ll be getting out of his dumb put recommendation that he made today that had all the subscribers buying in at $1.65 to actuate the buy settup late yesterday. It dropped to $1.13 this morning and I got in at $1.29. The put closed the day at $1,25 so I am almost even. All those who got in at $1.65 are down .40ยข for each put share. That’s about a 25% buzz cut in a day for them and it seems to be business as usual.
Anyway, I appreciate everyone’s experience as it can really guide in a good direction or away from a bad one.
Joe
Worst performer of Banyan Hill services. In fact all their options services fail to beat the market. Holding stocks for the long term rides out the down turns. Holding mostly call options in a bull market guarantees under performance because of market down turns.