I’ve been practicing trading with paper accounts. My goal is not long term or day trading. I am looking to try and turn profits on a weekly basis.
Since I am fairly new, I am only going to start with $1000. My question is this – with my low starting capital, and my goal of turning a profit in a single week, should I stick to low priced stocks under $10 so I can buy more shares and thus increase profits? It seems buying stocks like Apple for $130+ wouldn’t yield much profit after only a week since I can’t get many shares of it to begin with.