CNBC has just started another million dollar portfolio challenge. This has been a huge hit for CNBC.com in its past contests, so they decided to come back with another contest despite the terrible current conditions of the stock market.
First things first, if you aren't registered for CNBC.com you must do so. It only takes a couple of minutes to register so it really isn't that big of a deal. You select a username to be known as in the market contest as well.
Understand the contest time period. The Million Dollar Portfolio Challenge began November 17th and will end on February 9th. You can signup anytime during this period, but the sooner you signup the better your chances of winning.
Understand the rules of the contest. You are given 1 million CNBC bucks, fictional money, to trade stocks and ETF's. You are allowed to create up to five separate portfolios to compete in this contest. There are weekly winners for the first ten weeks and then those ten weekly winners will face off for the overall top prize. The overall top prize in this contest is $500,000.
Take some risks! How should you go about trying to win this Million Dollar Challenge on CNBC.com? You have to understand that this is not at all like a normal stock portfolio, rather it is a short term game. You won't win this game if you don't take big risks. Remember you are playing with fictional money, so you can afford to do that.
To win the cash you must move fast! You must keep up with this portfolio constantly if you wish to be a weekly or overall winner. The market is moving faster than ever now, and you must be able to trade and make huge profits in the short run to come out on top.
- Signup soon to make your chances better.
- Trade in stocks that are low priced stocks and ones that are extremely volatile.
- Don't use a typical buy and hold strategy or you won't win this contest.
By ehow.com
No comments:
Post a Comment