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The $5K Challenge: Answers to Your Questions

The $5K Challenge: Answers to Your Questions

Story Highlights

  • Last week, I told you about Chad Shoop’s simple challenge to turn $5,000 into $100,000.
  • We were thrilled to see such a response from you!
  • This week, we have answers to your questions about the challenge.

Last week, I told you about Chartered Market Technician (CMT) Chad Shoop’s “$5K Challenge.” If you aren’t sure what CMT means, just know that it’s so elite, we think of Chad as a Navy SEAL of financial analysis.

In the weekend wrap-up, I told you about Chad’s simple challenge to you: turn $5,000 into $100,000.

Many of you wrote to tell us you were in. And we were thrilled to see such a response!

Osiris wrote:

In 2020 I am taking you up on your $5K Challenge … I will follow your recommendations and pray for the best. I hope this time next year I will be able to buy my dream home.

 Steve said:

I am going to take the “$5K Challenge”! I have enough in my options account that I can move this amount into another options account that would be dedicated only to this challenge. I love the idea!!! I will begin the challenge on your very first recommendation in 2020. I will let you know frequently how it is going.

Cherie told us:

I want to start by wishing you and your team a very happy new year in 2020. I hope all your dreams come true. I will be taking the $5K Challenge. I hope by doing so all MY dreams come true. Thank you for the idea.

Chad was blown away by your support.

Having worked with Chad for more than four years now, I can tell you: If you’re looking for a brilliant trader to help you prosper in the next 12 months, he’s the right person. Read on to get Chad’s answers to your questions about the $5K Challenge.

Your Questions About Chad’s Challenge

Now, some of you wrote in with questions about the challenge.

Gary asked:

Could you please elaborate a little more and further explain the parameters of how you envision us executing the challenge?

Vera inquired:

How will this $5K Challenge work out? I would like to get involved in this. … Are you going to give me step-by-step instructions on how to roll it over?

Jim wrote:

Hi team, in this challenge will you supply the options or am I supposed to make my own pick?

I posed your questions to Chad, and here’s what he advised:

We’re just starting with 5% [of your total portfolio], and we want to see if we can grow that into basically 100% of your portfolio.

So, if you start with $5,000 and we grow it to $100,000, that’s fantastic, right? We turn a 5% position in our portfolio into an amount doubling our portfolio size. If we could do that in 12 months, that’s the goal.

But more importantly, I want you all to have fun with it.

I want it to be a game to get you started, to get you investing with options and learning the power of options. This really allows you to multiply your returns, going from $5K to $100,000.

Even if we end up from 5% to, let’s say, $40,000, that’s awesome as well. We are still growing our income. We’re growing our returns from $5,000 to $40,000.

And it only takes a couple of doubles to get there.

If you look at our track record, you can see that those come very often. We’ve averaged at least one call option per month that doubles your returns.

As far as where to start, I want you to go with your gut. Pick a certain trade [in the Quick Hit Profits model portfolio] and start with that trade.

And you can pick any trade after that.

Now, I’m not going to guide you on this throughout the year. You’re just going to move that capital from one trade to the next. And it’s that simple. When you close out a trade, just keep in mind: “Hey, I closed that trade out for $7,500. The next trade that comes up, I’m going to put $7,500 into it and see what it turns into.”

And if it turns into $14,000 or $15,000, then you’re going to take that amount and roll that into a trade. This is just a fun way for us to start investing and to learn how the power of options can help us multiply our returns by using the same trades that we have in Quick Hit Profits.

So, those are Chad’s answers to your questions!

If you want to learn more about Quick Hit Profits, watch Chad’s presentation right now! You’ll get all the tools you need to join Chad’s $5K Challenge.

Watch Our 4 YouTube Videos!

We have more great content to share this week!

  • Chad Shoop’s new 20-minute Bank It or Tank It video, “Investing in Oil with Chevron Stock.”


    • Apex Profit Alert Editor John Ross’ 10-minute video, “2 Charts That Make Conflict With Iran Irrelevant to Crude Oil Right Now.”

    • Pot stock guru Anthony Planas’ 12-minute Marijuana Market Update, “2020 Cannabis Market Special Report: Green Thumb Industries.”

  • And Alpha Investor Report Editor Charles Mizrahi’s 11-minute video, “How to Evaluate Stocks — Investing 101.”

Check out the articles below if you missed any of our experts’ advice this week.

Good investing,

Kristen Barrett

Senior Managing Editor, Winning Investor Daily


Biggest Story of 2020: Oil and the Escalating Conflict in the Middle East

We’re getting closer to an all-out war in the Middle East. Matt Badiali has been warning you about this since May 2019. Now, the oil price is finally reacting. Here’s what you need to do today. (3-minute read)

The 10 New Dogs of the Dow

The Dogs of the Dow are the highest-yielding stocks in the Dow Jones Industrial Average. Chad Shoop has developed a strategy to play the 10 biggest stocks in the Dow for huge gains in 2020. (5-minute read)

Warning: Heightened Risk to Influence Oil Prices

John Ross considers the short-term price of oil in his Chart of the Week. Urging bullish traders not to depend on conflict in the Middle East, he forecasts where oil might go in the weeks ahead and reveals when to look for new buying opportunities. (3-minute read)

How to Evaluate a Company Before You Invest

Every stock in your portfolio represents a small piece of a business. So it’s critical that you understand how that business operates before you invest in it. Charles Mizrahi shows you how to research companies and, more importantly, determine if buying their stocks will put money in your pocket. (13-minute read)

2020 Cannabis Market Report — Grab Shares of This U.S. Producer

Illinois opened its door to adult-use pot on January 1, 2020. Even in freezing temperatures, camping tents dotted city blocks as people lined up to be the first to buy legal weed in Chicago. Anthony Planas pulls the curtain back on one of the most exciting cannabis operators in the state. (12-minute video)

MEET OUR EXPERTS

WHAT READERS ARE SAYING..

I am up $20,070 in closed positions from Feb. 18 through March 7.

- Bob Rowe

I started your system in December … I am ahead $29,000 … I put total faith in you and your system and it has worked for me very nicely. Thanks again I sure like your humble approach about this whole thing

- Dale Leiffer

I have made a little over $4,000 while being cautious.

- Chuck Goss

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