Welcome to my review of Precision Profits !
Precision Profits is an advisory service created by Michael Carr.
Michael has a lot of experience when it comes to trading and Precision Profits shares that with you.
Below you can find my honest review where I share all the details!
Before I start…
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Precision Profits Review
Here is what I will cover inside this review:
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What Is Precision Profits?
Precision Profits by Michael Carr is an advisory service that provides a unique take on trading.
It blends Michael’s experience operating missiles while in the military and his trading expertise.
Rather than recommend stocks, Michael teaches and shares options trading tips.
He started Precision Profits to help readers become better options traders.
This isn’t the first kind of service like this I have reviewed, just recently I shared my reviews of Trump’s $2.6 Trillion Cash For Patriots Program and Trump Bonus Checks.
To predict where the money is headed, Michael relies on a proprietary algorithm based on the technology used to track missiles.
As you would expect, it is built for precision with no room for error (building an error-proof system is practically impossible but this system helps deal with the unpredictability of the stock market).
The system identifies good trends in the stock market but rather than deal with the stock directly, Michael deals with options.
The good thing with options is that they are adaptable to all market conditions.
For example, when the stock goes down you can still make money.
His precision system can tell the exact moment when to sell or buy options.
Michael says that he and his team have been working on the proprietary trading system for three years now.
They have researched and tested it to make it more effective.
When the trading platform identifies a good investment opportunity by the set parameters, Michael doesn’t just send it directly to his readers; he vets it to see whether it is actually a worthwhile trade.
Once he approves it, he sends it to his readers as a trade alert.
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Who Is Behind Precision Profits?
Michael Carr has been involved with the finance industry for over 30 years.
He started out his career as a Financial Consultant for Merrill Lynch.
He went on to work for UBS Wealth Management and SWS Group – a private bank serving several states.
He is currently with FMP Wealth Advisers as a partner.
Michael has also served in the US Air Force where he was involved in numerous tech-related projects.
For example, he helped install Pentagon’s first Local Area Network before the internet was mainstream and was part of a project to deploy radar systems to track Soviet aircraft.
He is a full-time writer who uses his technical expertise in the military and business to provide his readers with unique market insights. Besides Precision Profits, he writes another newsletter called Peak Velocity Trader.
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How Does Precision Profits Work?
When you join Precision Profits, you receive the following:
- Trade Alerts: Michael and his team send you 3-4 recommendations every month. The recommendations come with detailed buying instructions. When it’s time to sell, you also receive an email with details about the right time to sell and the selling price at which you should close your trade.
- Weekly updates: Each week, Michael checks in on you to discuss the state of your open trades. He also shares his outlook on the stock market and how it can affect your positions.
- Precision Profits trading manual: The trading manual is designed to help new traders make the most of their experience.
- Options Training Library: If you are new to options trading, this 3-part video course will get you up and running.
- Access to the Model Portfolio: The model portfolio tracks every update showing how your portfolio would be like if you followed Michael’s recommendations. It also allows you to look over Michael’s shoulder to see what moves he is pondering.
- Members’ only Website: You also receive login details to the encrypted website containing all of Michael’s recommendations as well as reports, videos, and other resources members are entitled to.
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Guarantee
Michael promises at least 12 trades with over 100% gain in a year.
If he fails to deliver that, you receive a free extra year of membership to Precision Profits.
Is Precision Profits A Scam?
Precision Profits is not a scam.
I know Michael promises an endless stream of returns with his presentation but it doesn’t always play out like that.
However, I think the service is genuine because it has a clear plan that makes sense in spite of the market conditions.
Pros of Precision Profits
- You can make money trading options even when the underlying stock goes down.
- The service is beginner-friendly. The trading manual and courses bring newbies up to speed.
Cons of Precision Profits
- Options trading comes with its unique set of risks. Although Michael’s system is effective, it cannot insulate you against losses.
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Verdict For Precision Profits
Michael Carr has been both in the military and in the finance industry.
It makes sense that he brought the two worlds together and built something that gives its readers a unique kind of advice.
It may be off with some trades (as any investment in an unpredictable market would be) but it has its moments.
Before you leave
If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.
It’s helped me earn over $300,000 in the last 12 months alone:
Go here to see my no.1 recommendation for making money online
(This is a 100% free training)
Mark Charles is the founder of NoBSIMReviews and has been making a 6-figure income online for over 10 years.
After reviewing 1000’s of programs, he knows what works and what doesn’t: