Author/Editor
Jeff Opdyke
Publisher
Sovereign Society
Description
Overall Rating
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1.6
Rating from 69 votes
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I’ve been a member of Precision Profits for about 3 months now, and I have to say it has done me quite well. The strategy is based on buying options based on seasonal and weather fluctuations that create trends in certain stocks at various times of the year. So far I’ve had a number of 100%+ wins, some lesser wins (some of these were my own fault for getting scared and not hanging in as long as was advised), and only 1 total loss (when some bad news came out of PII management right after we bought in, and it has yet to recover). I think this one is the real deal — hope I can say the same thing a year from now!
Is this really legit because I don’t want to be out around 2 grand?
Yes, I am a real person and I wrote about my real experience with Precision Profits. Unfortunately things went downhill after a while, with the changing market conditions. (Please see my response to Stephen below.)
Frank, are you still a costumer of the new Precision Profits with Michael Carr
Performance better with Carr ?
We are the one year point. How has this newsletter worked for you?
Stephen, I wrote this during what appears to have been a good (lucky?) run. It didn’t last. But now Precision Profits has been taken over by a new guy, Michael Carr, who seems to be doing much better. The portfolio appears to have improved quite a bit, plus he’s more conservative and uses stop losses rather than just letting the losers expire worthless. I’ve been sick unfortunately and haven’t been trading lately. I’m getting ready to get back into it. We’ll see! I’ill update my opinion once I see how things go with the new guy.
Could you give us an update on precisión profits?
Thanks
I have some questions. Has anyone else subscribed to Precision Profits with Jeff Opdyke? What are your results so far? Travis, are you checking this out? The strategy is intriguing, but at the ‘special’ price, I’d like some more unbiased opinions before subscribing. Thanks.
I subscribed to Precision Profits last December. I gave my broker 20k and we traded every trade they suggested by their terms. I now as of October have 9k left. I asked them to refund my money and they told me they would only give me half. I don’t feel their system is good at all.
Yes Travis, is procision Profits the real deal? They are offering a half price deal, guaranteed to give you 12 100% return ofyour money if don’t deliver you 12. My hand is on the Click to Buy bottom, but would like to hear from others
It looks intriguing, but before I shell out almost 2k I would want to know more. I’ve avoided Sovereign Society for years based on some shenanigans from years ago, so reluctant to jump in to this deal.
I can’t remember what newsletters they offered, but would regularly receive offers and I probably did subscribe to something. I know I wasn’t too happy. And I probably gave them another chance. I just sign up, but there was something I was feeling- wasn’t sure what it was. They are giving the first ’30 days free and then 3 month trial to decide that they are worth it.
I subscribed on 3/21. and so far it has been a big disappointment. Of the five recos so far, none is profitable, and two of the 5 option plays are nearing expiration with little hope of turning around
I joined Precision Profits (and a couple of other services they offer) for the total of $5K. In the 3 months, which was my trial period (Feb, March, April), having meticulously following their instructions, I lost $35K. When I tried to cancel my subscription, I received about $2K in refund, and still fighting with them for the rest of the money. I was told: 1) on May 10, their system could not process refund back to my credit card; 2) on May 31 that the check was issued and mailed to me; 3) on June 15, that the check is in the mail:)
BARCELONA, your post scares me. I signed up with Precision Profits and am losing money. They added another 90 days trial (because of members complaining of losing trades) so now my subscriptions ends on November 15, 2016. This was the lifetime one and I am not satisfied. I also signed up for another Sovereign Society newsletter called Strategic Options. I negotiated the same expiry date of Nov 15, 2016. I am also not happy with that subscription either because I’m losing. One of their trades they wanted you to pay $24.00 for the Option. I only have a small account of around 10K and can risk no more then $500. per trade, not $2,400.
I paid on credit card a total of $9,000 U.S. for both plus the CDN exchange rate since I’m in Canada. I want to get my money back but now am concerned they will give me a hard time. They make their presentations sound so good, but in reality, I wish I never signed up. My recommendation to anyone is to stay away from Sovereign Society newsletters. They better refund my money on my CC when I ask them to for both products.
Precision Profits a Complete Failure. I fell for Jeff Opdyke’s near promises of huge profits back in early March. I paid him $1495 to join Precision Profits with a money back guarantee for 90 days. I followed his recommendations precisely until the end of July, when I had already invested 30% of my retirement portfolio with realized and unrealized losses to date amounting to 60% of my investments. I had only two token profits out of thirteen investments. I dared not drop my membership in July for a refund, as I felt I needed Jeff’s advice to save my still active investments, some of which would not expire until October. He now claims the drought is over and he’s beginning to make money. Unfortunately, I cannot afford to take any more chances, so I must forego his “opportunities”, take my losses and lick my wounds. I shall return to making money the old fashioned way: investing in quality dividend paying stocks. I have answered his e-mails on several occasions, as recently as yesterday, but have never received a reply.
I got on the bandwagon for $1495 back in May. I took the bait that in their beta test year they were doing 100% per month return with their weather related premise and seasonal ups and downs that were backtested. It was a rocky road. I did most of the trades that came across the wires and there were some winners and some big losers and by this date in October I’ve made a grand total of $1500 which comes to about 5% per month. Moreover I found that I wasn’t confident to pull the trigger on new recommendations so I called Sovereign and asked for my money back, which they returned in full in a timely manner. Now we are on the eve of Hurricane Matthew and I’m sure they have some resoundingly optimistic picks to profit from the mess that will be left behind. Maybe I blew it by getting out when I did, but who knew?
Hi Mystic100, I did exactly the same thing! I bailed out about the same time. I lost about 75% since I started in early April (I’ve been posting of the other PP discussion site.) If anyone has stayed in during Hurricane Matthew I would be interested in knowing who they recommended and how they did!
I joined in March 2016. Tried to action all trades, but prices moved beyond his buy recommendations too quickly for me to get in on his “few profitable trades” since that time. All in all, had 9 total looses, and 2 winners, which were both under 50%. pretty much lost half of my trading account in the last 6 months following there advice so cancelled last month (Sept 16). I asked when I cancelled if they could keep me on the mailing list until the 4 option that I still had opened had expired (i.e. so I know if to sell or let expire worthless). Guy on the phone said yes, but after cancelling I was completely shut out of there system so no help whatsoever with the mess they left me in. I was deliberately very polite when cancelling specifically for this reason. Regarding cancelling, they ignored 3 emails until I eventually called, however after calling, they closed with days and refunded in full.
Perhaps I just joined at a particularly bad time for the strategy, but I warned anyone contemplating join that you are playing with fire with Options. If you can’t afford to loose, don’t play!
I would certainly not recommend Precision profits to anyone.
Jaimie, If you have any open positions be sure to put stops on them or watch them closely and sell on an uptick if you can. I had to let one of my PP positions run out to a total loss (a put on Tyson), but I was able to get out of Big Lots with a gain that offset it. I was hoping for better with this service but it is only for play money, in my opinion. The hype when it came out was WAY over the top. Another lesson in buyer beware!
I subscribed last December. Gave my broker 20K and we traded every trade they offered and did everything they asked and as of today, October 13, my account is 9K so instead of all these gains, I lost a ton of money??
I also would never recommend them!!
Glad I googled this site before I pressed “Complete My Order”. It sounded to good to be true and I was suspicious when their marketing spiel was using beta results from 12-24 months ago, and not the past 1.5 years 2015-2016. Although $2,495 membership is a ton of dough, the real worry is how much of your investment account is lost before you have had enough. Another flag is nottalking about the investtment “win rate” Thanks again
Do NOT subscribe to Precision Profits. I took out a lifetime subscription (US$4,495) in December 2015. I have always followed Jeff Opdyke’s recommendations to the letter. During the trial period the results were excellent. However, since April 2016 I have only had one winning trade (unable to make all trades because the price moved beyond the recommended buy price too quickly). Have lost 75% of my trading account.
Rang recently to cancel and request a refund of at least some portion of the lifetime subscription. No refund forthcoming, however they are happy to credit a small portion of this subscription to one or more of their other services. No thanks!
I repeat, DO NOT SUBSCRIBE TO PRECISION PROFITS.
Precision Profits is under the Soveriegn Society and they have different subscriptions. I tried 3 of their expensive life time one’s. Precision Profits was one of them. I returned all 3 of them because they did not have stop losses and unless you know about time decay in Options, the potential to lose is great. They never had stop losses either. I did my own stop losses and got out of the trades when I saw they were losing. I lost less then I would have if I just followed their advice. One of their services they promote as ATM but don’t go into the risks. This service is about selling Options (which can be risky). When ever they had Webinars to address members questions, it was a pre done webinar – you could not ask questions. I’m so glad I got my money back minus the exchange rate. I’m Canadian so it was a lot. The only thing I have left with them is the less expensive Baumen letter and I have not even had time to read it. For their expensive stuff, whether you already an Option trader like I am or you are new to it, stay away from Soveriegn society services.
To those of you that lost much of your accounts, sorry for your loss. Don’t give up on trading, use good money management skills. I follow a couple of different Options traders. One says to not risk more then 2.5% of your account in any one trade – this is with hedging and stop losses and another says don’t risk anymore then 5% of your account in any one trade and have no more then 50% of your account in trades. Just some food for thought. It was this advice that kept my losses low with Soveriegn society, Precision profits etc. trade alerts.
Been a member of Precision Profits for over 6 months. Do not do it. Got in on all the trades I could, and followed the and instructions. Lost 75% of the trading account. Callback and no refund or concession available.
I would not spend the time or money, I tried it and followed all there recommendations, but lost big. They returned my money because I called them before the 90 days were up…..
Hi all,
I joined in Mar 2016 and followed Jeff Opdyke’s Precision Profits for 12 months. It promised “A research service that will give you the chance to make gains of 100% (or more) once a month”……”Simply Fill Out the Form Below
to See Gains of 100% … Every Month!” and here is what it delivered: 84 winning trades and 54 losers. Yes they did recommend many triple digit recommendations (32 of them) but also 32 where loses were 90% or more! Yes 32 times your investment would have been wiped out. If you saw their results spreadsheet it is bloodbath of red amongst the winners. Certainly did not deliver what I expected.
I lost money. I asked them to stop. They refunded my subscription. Afterwards I asked them to stop sending texts that a precision profits trade was announced however, I still receive texts. They were unable to remove me.
Does anyone know what happened to Jeff Opdyke. He was a big player at Sovereign and besides Precision Profits he wrote the Total Wealth monthly that had some good recommendations over time.
Then he was gone.
Maybe it was when they became BanyanHill.
Whatever it was, he seems to have gone back to a private sector somewhere because it seems like he either bailed or got sacked.
Now Banyan Hill is pitching the Precision Profits with Michael Carr. It is about $3000 for one year, but just received an offer for $750 for 3 months, with money back guarantee if not satisfied. The video refers to using past stock action around the EPS release date to set up the trade. Anyone going to try this?
Hi there,
Any news on the Precision Profit performance for 2017?
12 100% per year is really appealing but not sure it’s the reality.