Does it pay off to trade small amounts ?

[gvari]

Hey guys

Just a quick question.

When you daytrade ... does it pay off to trade with small amounts ? I´m talking about under 5$ trades.

I´m using Binance and I do have BNB coins and therefor the fee is 0.05% of the trade.

I´m just wandering because I´m trading for such a small amount and if the fees actually will just eat up my gains ... ?

Thanks

[mk4]

Depends. If you make like 5% profit per trade then sure. You can definitely profit off $5 trades only if you frequently do the right trades. Which if you're a beginner, it's very unlikely for that to happen unless you're really lucky. Just try it out though, if you're new, definitely go with small amounts like $5.