Home Traders and trading books Michael Carr – Strategy Trader, Motivator, and Dynamic Speaker

Michael Carr – Strategy Trader, Motivator, and Dynamic Speaker

By
Oddmund Groette
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Michael Carr is an American investor, a Chartered Market Technician (CMT), writer, and speaker with a successful career in financial service. He is a Certified Financial Technician (CFT), a long-term member of the chartered market technicians association, where he served as a contributing editor for smart profits daily. Mike is also a Level II Investment Analyst and a Chartered Retirement Planning Counselor (CRPC).

In this article, we look at Carr’s life and trading career.

Micheal Carr’s early life and career:

Mike earned a Bachelor’s degree in pre-law studies from the Abilene Christian University in Abilene, Texas, and studied accounting and finance at Oklahoma State University.

He served in the U.S. Air Force, and began his career in the Pentagon, where he participated in installing the facility’s first LAN – an early version of what we now call modern internet. Mike was involved in deploying state-of-the-art radar systems which track Soviet aircraft during the late part of the Cold War.

Mike described his experience of the war as “a field where there is no room for error.” It is this experience that enabled him to acquire the skills to trade the market.

He began his financial career with Merill Lynch, where he served as a financial consultant, and later went to become the director and branch manager at UBS Wealth Management in Austin, Texas. Afterward, Micheal Carr became VP and district manager at SWS Group — a private bank serving California, Texas, and the Southwest of United States. Mike currently serves at FMP Wealth Advisers in Austin, Texas, as a lead adviser and partner, helping clients to make informed decisions about their finances.

Mike created Peak Velocity Trader, a customized indicator created to profit from change in momentum, and Precision Profits, an indicator that is focused on time-tested seasonal trends. Mike has invested thousands of his own money in researching and testing his systems. The system has proved to work, bringing home consistent triple-digit returns for a short time frame, including two weeks and sometimes days.

Mike’s current service, One Trade, focuses on trading options that are on the SPDR Dow Jones Industrial Average Exchange Traded Fund (DJIA ETF) for chances of making returns of 100% or more per week.

Mike founded the Consistency Initiative in 2011, a platform where he speaks on the concept of a “new brain science of achievement.” He says, “Our brains were designed to solve puzzles. They remember what we don’t remember or what we don’t remember we remember. They secretly know where to grab answers that fit into other answers to give us our answer. As long as we keep asking.”

Mike has been named “World Champion of Public Speaking Semi-finalist” twice.

Micheal Carr has contributed to several publications on trading: SFO Magazine and Futures Magazine, Journal of Technical Analysis, and Money show. He authored many books, including “Smart Investing in Any Economy: The Definitive Guide to Relative Strength Investing (2008)” and “Conquering the Divide: How to Use Economic Indicators to Catch Stock Market Trends (2010).” He teaches Quantitative, Technical Analysis, and Fundamentals of Technical Analysis courses at the New York Institute of Finance.

Other famous traders and their trading strategies

FAQ:

– What trading systems and indicators has Michael Carr developed and how successful are they?

Michael Carr has created Peak Velocity Trader, a customized indicator profiting from changes in momentum, and Precision Profits, an indicator focusing on time-tested seasonal trends. These systems have delivered consistent triple-digit returns within short time frames.

– What is the focus of Michael Carr’s current service, One Trade?

One Trade focuses on trading options on the SPDR Dow Jones Industrial Average Exchange Traded Fund (DJIA ETF) with the aim of achieving returns of 100% or more per week.

– How does Michael Carr describe his trading approach and philosophy?

Michael Carr’s trading approach involves leveraging his experience in the U.S. Air Force, where there was no room for error. He applies the skills acquired during this time to navigate the uncertainties of the financial markets.

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