I’m seeing a lot of people looking for cheaper stocks on the exchange, thinking that a low price = an opportunity, but it’s not quite like that. I found out the real thing is to look at valuation, not just the price shown on the home broker. For example, a stock trading at R$2 can be ridiculously expensive if the company’s fundamentals are weak, but a quote at R$100 can be a bargain if its intrinsic value is much higher. That’s the difference between a beginner and someone who really understands the game.

I went digging into B3 and found some interesting ones below R$10 with recovery potential. Azul (AZUL4) is at R$0,7, but it’s highly speculative—aviation is a complicated sector, with heavy debt. Raízen (RAIZ4) around R$1 grabs my attention more because it has exposure to biofuels, which is structural. Then there’s Qualicorp, CVC Brasil, and Cogna Educação—all of them going through restructuring, which explains the low prices. Real estate companies like Mitre (MTRE3) and Marcopolo (POMO4) are also in this same vibe of cheaper exchange-listed stocks with interesting upside if Selic drops.

But real talk: the risk is real. These cheap stocks often have low liquidity, absurd volatility, and many times are value traps—they look cheap but keep falling. I’ve seen people lose money thinking that a low price = guaranteed opportunity. The secret is to diversify, study the fundamentals even (P/L, endividamento, geração de caixa), and only get in if you know you can handle the volatility. It’s not for people who are afraid of losing capital quickly, but for those who can identify real turnarounds, it can pay off a lot.