CNBC Million Dollar Challenge

Want a million dollars? Yeah, don't we all you reply. Well if you know something about stocks are lucky you could be in the running if your portfolio performs well in the CNBC fantasy stock game. I don't pretend to be a market beater or investing whiz-kid, but looking for short gains like you need to win at the CNBC game let's consider some of the things you could look for when making picks.

• Put the majority of your fantasy money in 1 or 2 stocks that you think will move big.
• Look for a stock that has recently been beaten up with the market "correction"
• Look for a small company that will report earnings soon (these usually swing big with good news, but unfortunately do the opposite with bad reports).
• Penny stocks can be your friend for obvious reasons.

Any other tips? Feel free to share them in the comments.

Note: I know this contest is already underway, but due to my domain issues this has only been able to be posted now.

CNBC Million Dollar Challenge