Welcome to my review of Mike Carr’s 9:46 Rule pitch.
I recently received an email invitation to review his new strategy and I decided to take a closer look at what he was talking about and the newsletter he was promoting.
I put together this piece revealing all my key takeaways from Mike Carr’s 9:46 Rule pitch.
Before I start…
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The 9:46 Rule by Mike Carr Review
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Introduction to Mike Carr 9:46 Rule
Mike Carr’s new strategy is based on a system that can garner all the information needed in the first 15 minutes of trading for the chance to make fast profits. Then at 9:46am on the dot, this system generates a rule that tells us exactly how to trade that day.
That’s how the 9:46 Rule came about and with it, Mike believes that you can make around 50% gains in less than a day. But to gain access to it, you have to sign up for a newsletter, which we will look into later on in this piece.
Mike Carr invests in only one asset, the Invesco ETF that tracks the Nasdaq 100 with the ticker symbol is QQQ. Chris Rowe is the other trader within the financial guru community that is known to invest repeatedly in the Invesco ETF.
Mike Carr claims that he programmed the QQQ into his system for maximum simplicity.
He likes the QQQ because by investing in it, he is not relying on any one single stock that can be thrown out of whack with a piece of news, a subpar earnings announcement, or a random tweet. That’s because QQQ contains the 100 most actively-traded, non-financial stocks in the Nasdaq.
It has everything from retail, to biotech, industrial, technology, healthcare, and so many other sectors. Mike says that it’s the heart of the stock market.
You can trade the QQQ in many ways and Mike believes that trading it you take advantage of the volume surge at opening bell. It’s also the reason the trade rule works at 9:46am.
On some days, Mike does not trade and he does that to reduce risk. These are the days when QQQ doesn’t meet the needed price-threshold.
To get access to Mike Carr 9:46 Rule recommendations, you have to sign up for Precision Profits. Once you become a member of this subscription, you will immediately have access to a live trading room – note that the trading room is available every day when the markets are open from 9:30 a.m. to 10:30 a.m. Eastern.
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Who is Mike Carr?
Mike Carr is a full-time trader, writer, and speaker with 25 years of experience in the financial services industry.
Mike Carr has a bachelor’s degree in pre-law studies from Abilene Christian University in Abilene, Texas. He’s also got an accounting and finance degree from Oklahoma State University.
He started his career as a financial consultant with Merrill Lynch and then he became the director and branch manager of a reputed wealth management firm.
Mike Carr is a Chartered Market Technician and he has indeed a strong knowledge base cum foundation about the new rule that can help ordinary investors enjoy excellent profits in a short time.
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How Does Mike Carr’s Precision Profits Work?
When you sign up for Precision Profits, you will receive at least one trade every day – all instructions will be emailed at 10 am ET. Sometimes, you will also get access to additional bonus trades. This means that you will be sent additional trade alerts from time to time. Typically, you can expect at least one trade signal per week on average.
You will also have access to the model portfolio containing signals on longer-term opportunities. Other benefits include…
- Access to weekly market intel report containing new presentations on what’s happening in the markets, updates on the best opportunities, and the right strategies to follow
- A weekly roundup of the markets
- Special bonus — The Options Master Course which covers everything you need to know to start trading options. From setting up an account, common terminology, and making trades.
- Special bonus 2 — Smart Investing in Any Economy! The Definitive Guide to Relative Strength Investing. This is a digital copy of Mike Carr’s bestselling book on Relative Strength investing.
Subscription Price: The yearly subscription price is $1495.
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Is Mike Carr 9:46 Rule Pitch Legit?
Mike Carr’s 9:46 Rule is legit. The strategy is based on an algorithm he developed to trade the Invesco ETF (QQQ).
Since the Invesco QQQ Trust is an exchange traded fund (ETF) that features companies like Apple, Google, Microsoft and Tesla, it delivers exposure to companies that are at the forefront of cutting edge technology making it a sensible choice when investing in the market.
Mike Carr is a well-known and reputed investment veteran who has years of experience in the financial sector. He is a full-time trader, writer, and speaker meaning he has the credentials to talk about investing in this way.
Having said that, there are no guarantees that the investment will work out.
Verdict on Mike Carr’s 9:46 Rule
Mike Carr’s 9:46 Rule focuses on Invesco QQQ ETF and from its inception in 1999, it has a history of outperformance, typically beating the S&P 500 Index. It also has been paying a dividend.
It is considered a good buy for bullish traders because of its liquidity and superior performance when the markets are bullish. However, you should be aware that when the market is bearish (like in 2022), it can lose more than the S&P 500.
The QQQ ETF gives long-term investors a decent growth potential with diversification to avoid the risks of betting on one company. Overall, the QQQ is a good addition to a larger portfolio for the long term.
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)
David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.