Michael Carr’s “One Trade” System – Is It Legit? [Review]

Overview of One Trade

• Name: One Trade
• Type: Trade advisory service
• Editor: Michael Carr
• Publisher: Banyan Hill
• Cost: $3,997 (but usually heavily discounted)

One Trade is an advisory service run by Michael Carr over at Banyan Hill Publishing. In a nutshell, it's a follow-along service where subscribers are provided with trade alerts, market analysis, and more. They are told what to do and when to do it, so that no experience is necessary.

Like Adam O'Dell's "Green Zone" and Altucher's Weekly AlphaBrain Alert, this service is also focused on options trading. However, what makes it unique is that it is only focused on "one trade"... one trade, once a week.

It's a somewhat expensive service and there aren't any refunds offered, but it might be a good fit for some people. It depends on what you're looking for.

Who Is Michael Carr?

Carr started out his career at the Pentagon when he served in the Air Force. During his time he was involved in an early version of the internet (for a local area) and worked on designing codes for nuclear missile launches... pretty impressive.

But now he's an investor. Carr is a Chartered Market Technician (CMT) and a Certified Financial Technician (CFTe). He has been able to take some of the skills developed in the military and put them to good use trading. Much of what he does is develop indicators with his extensive knowledge of coding, and this is what he has done to bring to us his "One Trade" system.

Currently Carr is employed by Banyan Hill publishing, which is the publisher behind his newsletter advisory services... and the company behind the often ridiculous teasers.

The One Trade Strategy

How does he determine trade prices and when to take action? 

Well, there are several criteria that must be met before he makes a recommendations.

Firstly, he has a computer program he developed by compiling 20 years worth of market data. This uses an algorithm that scans 40 rules he coded into the program and looks for patterns in the market. It looks at recent price action and provides an alert when it has a prediction of where the market will be in one week with at least 75% probability.

Once this provides an alert, he then cross checks the trade with another indicator he uses to predict the price action 2 weeks in advance, which is a type of volatility indicator.

And then lastly he looks at the trade himself to determine if it's worth taking.

What You Get

When you join as a subscriber you get access to these trade alerts. Subscribers are told when to buy and when to sell, just as with most follow-along type advisories. But there's more than just that.

Here's everything you get:

• Daily Briefings - Each day by 9:15 am subscribers are sent out a new morning update on what to do for that day, whether it be to simply hold onto a position or make a trade.
• Weekly Trade Recommendations - For each trade alert there will be instructions on how to go about executing it along with an analysis provided. These updates are provided via email and/or text message. A minimum of 50 trades are provided each year, with about 1 per week, sometimes 2.
• Weekly Newsletter - In the weekly newsletter that is sent out, subscribers are provided with insight into which direction Michael thinks things are heading, what his volatility indicator is telling him, and what he thinks you should expect for the coming week.
• Model Portfolio - Here subscribers can find all the current trades to keep track of what's going on and what Michael is recommending... and how things are performing.
• The One Trade Starter's Guide - This is a guide for beginners, but even experienced traders will want to read it. It goes over the basics of options trading and using this strategy.
• The One Trade Rulebook - This goes over all the rules that he has programmed into his One Trade system, although I'm not entirely sure how detailed it is... and I'm guessing not very.
• Website Access - Here subscribers will be able to login and access and archive of all past and present reports, alerts, newsletters, etc.
• Bonus Newsletter - Subscribers also get access to his "Market Intel" newsletter service. This is another newsletter that provides in-depth information on the markets and Michael's opinion on where he thinks things are heading.

Cost & Refunds

The normal cost is supposedly $3,997/yr, but it's been discounted to $1,997... or at least is has through the sales funnel I went through.

Pretty expensive... but then again, he claims you could have 52 chances at 100% gains in the next year.

The "100% Guarantee"

There is also a "100% guarantee", which states that if you don't get the chance to make 100% over the next year you can get a second year of the service for free...

But what happened to refunds? 

If the service isn't performing up to par, then why would you want a second year of it?

Well, there aren't any refunds.

NO REFUNDS

Here's the excuse they use to not give out refunds: "Because of the incredible nature of this discount, we cannot offer any refunds."

I don't know about you, but I don't see any "incredible nature" that would make it too hard to give out refunds... but it is what it is.

*Note: Although they state there are no refunds, if you are looking to get one it still might be worth the attempt. You can contact Banyan Hill at 866-584-4096 or send an email to onetrade@banyanhill.com.

Pros v Cons

Pros

• Simple strategy - just one trade, once a week
• Easy to follow and well laid-out service 
• Guy behind it, Michael Carr, is a professional
• Don't need a lot of money to start out (I'm talking about for the trades) since it's options trading

Cons

• Expensive
• No refunds
• Trading options is more complicated than stocks (not that hard though, and training is provided on how to do everything)
• Promotions are a bit over-the-top and can be misleading

Quick Recap & Conclusion

One Trade is an trade advisory service run by Michael Carr where he provides subscribers with weekly options trade recommendations on just one thing... the SPDR Dow Jones Industrial Average ETF (DIA). It's well laid-out and easy-to-follow, but is fairly expensive, over-hyped and there aren't any refunds offered.

Ultimately the decision to join or not comes down to you. What I can say, however, is that this service isn't for everyone. It's much different from a buy & hold long-term investing strategy, which I know a lot of our readers are looking for.

Hopefully this review has provided some value to you. As always, let us know what you think about it all in the comment section below...