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There are two reasons for this advice: (1) Stocks below 10 are usually quoted at larger percentage spreads between bid and ask (the buying and selling prices), so you need a bigger price increase to break even; and (2)panies with low-priced stocks are more prone to financial trouble, including bankruptcy. The Online Trading Academy has an educational system that guides all students step-by-step into each lesson.
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Ill walk you through the entire process and provide ongoing support. You will struggle on the AP Macro exam if you dont practice. NASDAQ is mixed.
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It is better to aim at having the fewest amount of losses possible, so that you are not spending the majority of your time attempting to come out of a deficit.
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