One Trade from Michael Carr on BanyanHillHello
Happened to see the presentation ”One Trade” from Michael Carr on BanyanHill. You can see this at: https://banyanhill.com/one-trade/
Summary: Mr. Carr is going to share one-trade a month that is going to guarantee to go 2X. The cost of annual membership is $1500.
My read: Few examples shows doubling within a few-days, but it could be longer than that. The biggest concern I had was on the order page that says ”if you are not going to double your investment within a year, you will get another year for FREE”. For a newsletter that boasts 100% return for each and every recommendation (making it close to 48 opportunities in a year), it is weird to see the above. May be it is just part of their ”legalese” stuff.
If you have any experience with this newsletter or with Mr. Carr’s recommendations, please share. Thanks.
-Sri
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Notice Once your card is charged your money is gone……and if One Trade doesn’t perform as advertised …they will give you one more year of punishment ……..Big Deal!
So I looked at this promo too. I called Banyan and spoke to someone about how this program was called something else when it was rolled out over a year ago. They offered it to ppl who paid $15-$25K FOR EVERYTHING INCLUDING THE KITCHEN SINK. I am not one of those but I did get one person to share with me some of the monthly returns in 2019 (about 3 months worth) and he got annoyed with me asking questions and wanting some info before plunking down $1,500.
Also, another person shared (on another call I made) more recent monthly numbers in the last few months. As the pitch states, the numbers were not great in the first year but the last 6 months have been much better. I like knowing about how bad the losers are and there was one month that each weekly trade was a bust. Down about 170% in that one month in 2019. However, according to phone rep, (is that the truth being shared???), there was a 300% gain the following month. This is why the “no more then 10% on any trade” comments were made in pitch. I cannot stand that they shared all the gains that were huge in the Beta Test period but they NEVER ONCE gave any specific details on the bad trades. Now you know why. Having said all of that, I like the analytical style and less fluff style of Carr in comparison to everyone else who is pitching something else.
Let me know if you go for the program please and some weeks they do have two trades but pretty much did confirm that at least one trade was occurring each week on the 4 months I was able to at least ask about.
FYI, if you ask for a 30 day or 60 day MONEY BACK GUARANTEE so you can at least look at the numbers, they will offer that to you. You just have to ask. Also , I noticed the price was $1,495 in the pitch but the order form showed $1,950 and I was told (sold) that this was because the price will be going up and the presentation wasn’t updated yet so he couldn’t guarantee when the price increase was going into effect but he said he would offer the 60 day money back guarantee regardless.
Hope this info helps…… keep in touch if you do go for it.
Much appreciate your insights. I did talk to BanyanHill customer service and they offered 90-day full-money guarantee and I might actually go for this newsletter to check it out for the next 3 months. As long as it is not “credit” for another newsletter, I am willing to try it out.
-Sri
Sri,
That One Trade strategy is a much lower barrier to entry compared to other Banyan programs from Paul Mamphily and Carr’s other program (Peak Velocity)which is also options based (buying calls and puts as the markets head up and down).
I like the One Trade idea of always trading DOW so you know what ticker you are dealing with each and every week and there is no individual company risk to research. I have paper traded Peak Velocity (on and off for a few years now) and it has been working but it is also being “tweaked” with limit orders instead of market orders within a range. Since I am not actively trading the strategy I do not feel right sharing my thoughts publicly since paper trading some of the trades is so very, very different than acting on all trades. Two totally different levels of experience to speak of! I am still paper-trading because I am trying to filter out those 70-90% losing trades that expire worthless with Carr. OUCH…… I believe that if a person takes profits off the table on each trade and does not double up and uses 10% MAX of the total portfolio on each trade for Risk Mgmt, this should work long term. Follow the rules in other wards. I do prefer this new method of getting in on Peak Velocity trades as the messaging from the service will be more relevant for all who have paid the price to get the advice. Hopefully more consistent communication for all following the trades.
I am VERY curious to see if One Trade enters trades the way Peak Volocity used to or like this newest method new since last week. If you sign up, let me know how I can get ahold of you (email) if you want to share notes privately.
Okay, called into BanyanHill today. They no longer had the promotion and it is non-refundable now. I have a couple of Paul’s other newsletters already and until you get access you have no idea of knowing how their overall portfolio has been doing. I am going to take a pass on OneTrade for now.
-Sri
I simply told him the presentation stated 1495.00 and that I was charged 1995.$. He quickly gave me a refund and said their programs aren’t for everyone.
What do they mean by saying “their programs aren’t for everyone?” I am a beginner. If I enrolled, can I follow and get the return as Michael explained?
I had investing success with Michael Carr. Several years ago, right after I retired, I invested in one of his stock-picking services, and I did quite well the first year. But it was VERY TEDIOUS work. So I wore down, and didn’t do well at all in the second year. So I didn’t continue with his service, although I did better than the markets during the 18 of 24 months I stuck it out. So I thought he was a good stock picker, and was pretty good in knowing when to sell.
Just my experience, but I discovered I had success when I attentively watched for his buy or sell recommendations M-F each week, so when they popped up, I could QUICKLY act on them. I was still in work mode just after retiring, so I was on the energetic lookout every weekday for a possible email from him, and it paid off for me. But over time, it became increasingly difficult to be tied down waiting to jump when one of his emailed buy-or-sell recs popped up. In the second year, my diligence wore down, and I went as long as several days sometimes before reading the alerts, and I actually lost money over the first six months of that year, but I still came out pretty well overall in 18 months, as I said. It just became more difficult for me as I became more of a retiree. But a much more persistent person likely did much better than me. And I didn’t use a texting service in those days; which, looking back, would have made the process less taxing.
As far as trading options—I don’t care who the advisor is, it’s too complicated and risky for a simpleton like me.
Thank you for sharing. Any chance you can share specific details like number of trades or ROI for the first year VS the second year?
I’m new to one trade, I split it with a friend. I’m also new to trading overall. I’m going to give it a try and I’ll let everyone know how it goes.
I discussed a split but knowing these trades are time sensitive, both of us decided against it. You must get in and out when you get the alert and then you run a chance not being filled at recommended limit order. All their figured are from accumulative gains and their point of reference on winning trades. It’s likely to be close to “Peak Velocity” except option trading DIA which means you need to exit ahead of the herd before the sell alert, taking some profit instead of trying 2Xs bet, which is not doubling your money when counting loses, but at least 15% net gain if you are lucky and intensely involved hourly/daily with your option. I’m definitely interested in your profit/loss results with OneTrade and the account balance you allocated to get your $1,500 back. They recommend at least $30K trade account and trade all 50 alerts per year; with a mental 7% position & 25% stop loss.
So far I’ve learned that the one trade program will not work for me. I get the alerts when I’m on the way to work , and when it’s time to enter the trades, I’m still on my way to work. I’ve also learned depending what platform you’re using you’d need be in front of a desktop computer to enter the trades.
His price today on the internet is half off but it is not 1,500.00 his current half off 🙂 is 1,995.00
Unfortunately I did not profit from these comments, I signed up one day earlier and my visa was debited the same day. I paid 1,395$, have received 4 alerts with a total gain of 761$ after deduction of a loss of 470$ on one trade. So actually, I have earned half the subscription in this short time, not bad. I have noticed that the best results come shortly before market close, so with the next sell order I shall watch price development before selling as per his instrutions because my loss would have been smalle if I had sold a couple of hours later. I have not been able to see anything on their “model portfolio”, usually blank and other questions are just not answered, e.g why he without exception chooses options with extremely short expiration, which sometimes scares me. With the last call option I got a reminder from TD. Ameritrade that my account needed action, so was relieved to get the trade alert to sell.
Thanks for sharing. What was your trading account at the beginning? I want to start with $5,000. If I follow his alerts closely and trade all, can my account will grow to over $00,000 in 12 months?
I think I remember reading somewhere that he didn’t recommend starting with less than $10,000, (to make sure you recovered his fee and made a good profit for your self, I imagine). There are never guarantees with investing. Even with bonds, which state a fixed rate of return, if the company goes bankrupt, you lose all your money. If you are asking if your $5000 will grow to $100,000, the answer is probably not. Getting $5000 to go to $10,000 in a year would be more like what he is saying. There is no way to tell if there is going to be a bad streak where you lose money on several successive trades, so you would want to limit the amount put into any one trade to no more than 10% of the money allotted for trading his program. I hope this helps.
Ray
Thank you for explaining so well. I must misunderstood about the rate of return. I am trying to find the best and secure investment strategy / service to grow my money and get paid consistently like a paycheck. There are a lot of stock advice services but I don’t know which one is best for me.
Why am I seeing all these different amounts paid to get into the program? I see 1,300 1,500 my offer was 1,995.00 ???? Is there something I need to know about this sliding rate.???
Shari, It depends when you tried to sign up for the subscription. Originally offed as $1,495 but showed $1,995 on application. This is 1/2 discount off $4K regular price for OneTrade. However it depends how good your are when talking to the sales rep, who might let you squeeze in for less if you beg and negotiate. Apparently Oliveira got in for $1,395 or she mistypes. I’m assuming she got in 4 or 5 weeks ago from saying she made 4 trades for net gains of $761.00?
I joined june end and mage gains of 40% and
and 5%. Michael seems genuine! The portfolio which I can now acess as a member show avg 7.2% return on trades since inception and as I went through recent trades they seem on the money.
Can anyone suggest any of the other option serivices by Banyan? I also subscribed to Quick Jit Profits by Chad but when I saw theit portfolio it seems to be losing money last 1 year and I want out. Before I call to change service wanted to find the best options out there. Please suggest?
How is peak velocity vs precision prog lifts by Michael?
Also is any of Mampillys programs good? Suggestions?
Pchan
I bought profits unlimited Paul Mampilly’s program.
I bought in last May 2019 and only had $1,000.00. I follow his advice to the letter. Today I have $8,000.00 and still climbing. I have worked at it and bought when stock was low and watched it grow. I have never invested on my own in the market. Now at almost 80 yrs old I am still learning and I could not do it without Paul Mampilly. I hope this helps you in your decision of which program to go with.
I like Paul Mampilly’s Profit Rebound Trader. Been a member for a few months and pretty happy with his recommendations.
-Sri
It would be very kind of you to share with us its recommendations
I joined the service a month ago. My profit in precisely the first month is $4200 trading an account currently valued some $43K and following their recommendation (roughly) trading 10% of the account per recommendation.
I can vouch for the performance of their model account roughly mirroring what I have gotten at Charles Schwab. Sometimes I do a little better, sometimes a little worse.
My conclusion is their record as reflected in the model account actually reflects what a subscriber can obtain. There is no fraud here. And in my very limited direct experience with them they are profitable. Only real question I have is how the approach would scale to a larger account.
Those are my opinions concerning Carr’s “OneTrade”.
Glad to hear so far you have a good +ve experience. BanyanHill is a very good publisher of newsletters. The sole question is whether a particular newsletter is worth it’s money in the long run. I am now trying out Brian Chistopher’s Flow Matrix Alert. Haven’t taken a trade yet to share the feedback, but the historical portfolio is not impressive.
I can not say whether or not this is worthwhile long term. However I can definitively state the following:
1) Their model portfolio performance is impressive. I believe they are up 70% across the portfolio in past 6 months. and
2) Over the course of a month my performance has matched that portfolio. Therefore I feel they are honestly reporting returns.
Now, I’m not trying to get cute by improving on what they’ve done. I think that’s risky. I have simply done my best rendition of what they say to do in their alerts, buying when they say to buy and selling when they say to sell, using roughly 10% of account each time (as recommended).
You look at their trades and you see why they recommend 10%. Some trades are 100% losers. Others are 300+% plus. If you traded more you could easily bust your account.
About the comment on targeting 100% on each trade and saying your account should double annually. They “target” trades where there is a possibility that they could make 100 %. From looking at their portfolio, they hit the target about once a month. They state very clearly that their average trade, wins and losses together, averages to 21% profit per trade. Not too bad if true, since their trades typically run a less than a week.
Since they also stress NEVER putting more than 10% of your funds into any one trade, your account should grow by up to 2% overall, on average, per week. Figuring 1.02 to the power of 50 (one trade per week), you should theoretically make 269% returns, or 169% profits.
I have not actually made any trades with this system yet; the trade yesterday didn’t fill (because the market moved opposite his expectation). However, because he uses stop limit orders to help ensure the market is going the way he expects, I wasn’t out any money, either.
So for me it’s going to be a wait and see if it pans out.
Interesting indeed. This thread has been very helpful. If interested contact me offline at: srinivas at suhritha .com
I’m new to options. Does he tell you step by step what to do? When to get in and when to get out?
Yes, he does give entry and exit points. He also has some tutorials about order placement mechanics, which you will want to go over carefully before you start trading
I just joined using the 30 day trial period and was reviewing his results. A few things popped out at me:
1) It appears he does not use any stop loss. In some cases the loss is total. Has anyone experimented with setting, for example, a 50% stop-loss? I wonder if he has tested different stop loss thresholds.
2) It seems that he has generated his 21.7% average in recent months because he took advantage of the volatility in March and April. But those were exceptional times. If you pull those big months out, his results suffer.
3) He guarantees a 100% annual return or a free renewal, but what do lifetime members get by way of a guarantee?
4) The 100% appears attainable if he gets those big months again. But is that realistic? How often do 30+% market crashes and recoveries happen?
5) He mentions that he made some adjustments to the program and it works better. Any idea what he adjusted?
So, the OP goes astray pretty much from the start. It isn’t one trade per month; it’s (about) one trade per *week*:
“• Weekly Trade Recommendations
Mike’s goal is to issue one to two trade recommendations per week, or a minimum of 50 trades per year. Each trade takes two days on average. ”
“Takes two days” appears to be someone’s confused interpretation of “the average holding period is about 2 days.”
If you’re polite-but-firm with the online rep, you can get a 90-day trial period:
“Order Information
Total: US$ 1495 plus $146.51 state tax = $1641.51
90 day full refund trial period expires December 29, 2020”
Obviously, I don’t have numbers on the performance, since I’ve had the subscription for less than half an hour….
No one has commented on the issue of taxes. Frequent trading seems like it will make record keeping and tax reporting a hassle. I wondered about using a Roth IRA account to avoid that effort. But I’m not sure if you can trade options in a Roth account. Comments?
I have been with OneTrade since mid July 2020. At the time I purchased my subscription, the company was touting a 28% average rate of return on all trades. Please remember that that percentage rate includes all trades made with the service since its inception. Their most recent published rate of return average per trade is around 4% (probably lower still if you count today’s losing trade just closed on).
I have followed the advice of OneTrade and bought DIA options on 15 occasions. Ten of those trades were losers. Of the 5 “winners”, only two were substantial. I committed $5000 to the trades and furnished an additional $2000 to keep the account afloat.
In total, I spent $7040.49 to make the 15 aforementioned option buys and, in turn, I sold these options for $4096.27 for a loss of $2944.22. My return since early July was a loss of 41.8%
This does not include the cost of my subscription which was $1495. Including that amount, I am now down 63.1% ($4439.27).
The service did meet one of its obligations in that I did receive regular daily emails between 9AM and 9:15 AM. Unfortunately, this investing strategy does not seem to do well in the recent market climate. I suspect it did well in the past when the market was on a steady upward trajectory.
I cannot recommend this service.
Track record it terrible. My friend bought it and I looked at the closed positions. It was so bad!!I wish I could show you a screen shot. $3400 lost for a lifetime membership. It sounds like they may give a refund. Working on it.
well, indeed up until Mid 2020 the performance was good , i guess 20% / trade in average. Until then it steadily deteriorated. The last 1/2 year was really hard to cope. If it gets better,I will report back.
BTW : never traded any hard cash aginast that strategy.
Are any of you following a risk management process? Like 10% of your dollars limited to any one trade.
Not sure who/what the previous writers who said they have had a positive/gain experience are, but I have had a string of losses connaturally for the last year.
This program seemed to work OK when the market had a clear direction. It does NOT work in a choppy market such as exists for the last six months or more. I became gun shy and quit trading the recommendations and, thank god I did, as my entire bankroll would have been wiped out by the long train of losers.
Unfortunately, I did enter the most recent trade, and it is already down 68% (typical) .
Until the market corrects or has a steady direction either way…I would strongly advise not following this program. I followed the rules to the letter and my original investment is depleted.