Topic: Hi i do Challenge to start from today with capital 3$ trading (Read 432 times)

I have increased lunc to 2$ holding my total capital still 3$ let's see If lunc goes up i'll sell it then i have more USDT and i can by more coins i'll sell it than again i'll have more USDT and i can buy more coins

You are already on the right place for that. Just learn how to back-read to know the updates of the OP. He didn't say that he is going to turn this 3 dollar into a huge amount. That's alright though because if he do, then many are for sure going to attack him. And with what he came up alone, makes the people hot already.

I guess that is because they think $3 is too small? And may not be even enough for the transaction fees. So, it would be better if he up his capital a little. I'm sure, he is still capable of doing that. And the amounts will still be within his limits. Focusing on making a profit is I think wrong. But the right one is, we should focus first on our safety.

How successful has your trading been in the last 10 years? Having such an experience in trading, you should have earned a decent profit, but you decided on a similar challenge with $ 3, which is much less than a schoolboy who saved money at lunch can afford.

It seems that it will be tiring if you have to monitor it in front of your PC and always monitor price movements. If the system is run for short-term investments then you have to always monitor it so you don't miss the moment when there is an up or down movement to buy back, because I often do that when I trade, even though the risk is not big, this method is very good for beginners in learning such methods, hand skill is really needed otherwise it will lose the moment..

op Since you have ten years of experience you are very confident in your work. This confidence of yours will take you to the pinnacle of your success one day. But even with 10 years of experience in trading, sometimes we suffer a lot due to our small mistakes. This can happen to us newbies too. Or even if we have 10 years of experience, we suffer a lot in training due to small mistakes, So you must trade with caution

I sold ada not much movement with small capital...
I bought with 1$ lunc the luna classic Im expecting bigger move so i'll sell it i think make more money out of starting capital of 3$

I need more info about how far op had gone. He claimed that he is going to use just $3 to make huge profits from trading and we are still going to wait for the outcome. It is better ww use small capital to trade in the market reducing the risk of losing big as traders.
Cryptocurrency also have it own risks as traders and we don't have to go in fully. We can earn from the market and we can likewise lose too depending on how we use to trade in the market. Focusing on how to make better profits is what is going to help us.

Small capital is better way to reduce losses because if a person does not have any idea and suddenly the coins loss its value then loss will be less and you will be able to recover it soon as you learn about it.

Investing in shitcoins cannot give benefit to trader but they will loss their money immediately therefore if you are using less capital then it does not matter but if you are selecting wrong coin all the time then its matter alot because this smaller Loss will become larger after addition.

If in these 10 years of experience an OP actively trade then he will now be an expert trader and as he choosed ADA so I think its a better coin and can increase the capital of OP.

It's just that OP has never traded, and therefore it seemed to him that it would not be difficult for him to increase his initial capital several times using the spot market. And that's what he wrote about the last time, that he overestimated his capabilities in trading, which turned out to be more difficult than he imagined:

I think it's just the fact that OP "might" be trying to show the world that you can start with a very very small capital and make some money from it that grows to be something bigger eventually.

Imagine putting 10 dollars into bitcoin per week, there are a lot of people who could do that, it snot "that" expensive, sure in some very very poor nations people may not be able to do it, but it can be done, that's 40 bucks into bitcoin every month, and with some good trading you could make it even as high as 50-60 dollars a month, and that's over 600 dollars a year, and that's a good amount of money, and you keep trading and investing, and in 10 years you will have nearly 10 thousand dollars, that's a giant check for anyone in a poor nation.

With 3 dollars, it's even more extreme than that, I think it would make someone see that it's going to end up with something that will benefit everyone with time, and it should be a great return without a doubt, would help everyone if he can provide proof it can be done.

What's the purpose of your challenge? Because I don't know how it's going to benefit any forum members or the forum itself will benefit from it. If you want to trade, then you don't have to post it here, and don't you think trading with $3 is just a complete waste of time? I don't even know how long it's going to take you before you will be able to double your $3, it's just better you get something else to do with your time and don't waste it on trading with $3. If you want to trade, then get more capital and trade with it,  not with $3. Most exchanges won't even allow you to place orders with small amounts like that.

I don't see anything interesting here, all I see is a complete waste of time. You're just wasting your time, that's all I see. and you also claim to be posting PNL, but I haven't seen any images yet.

You claim to have over 10 years of experience, even though you were not actively trading during that period, you should know that trading with $3 is just kind of too small, and you won't be making any serious profit. I don't think you have any experience or knowledge about trading, if you do, you won't be setting up this kind of time-wasting challenge for yourself. You are just realizing that the amount you are trading with is kind of small, and you won't be making any serious profit.

It’s really hard to do because you are paying trading fees while your profit margin is just small due to your capital size. I’m confused on what’s your goal here while you are claiming you have 10 years of trading experience? Why waste your time on this low trade instead of just trading normally using good amount of capital.

There’s nothing to prove already if you are already an experienced trader. Spot trading using that peanut capital will take you almost a year before you can double it on spot.

When I first read this thread I simply thought the OP was testing their strategy, as 3 dollars was an amount of money that is too low to obtain any kind of big profits, but after reading more of their posts it seems they are actually trying to produce profits with such a low capital, and this is going to be very hard, and even if they were able to get their goal, I doubt it will be worth it, so I think the OP should definitely save more money and then make another try at the time.

Dear Senior, I have some doubts, about how those years are your experience in trading if you were not trading those years, I would say you better call it connection years or How know years because you've never made an entry. I'm shocked to know about the industry and have seen the huge rallies and still having a capital of 3$.

In most of the top-tier exchanges, the swap or trade below 10$ is not possible in the spot market, I'm wondering how will you trade. On top of that the asset you've chosen is a slow rally pair, I know risk management is important but with such capital, the trade should be in the flow of trend to make early and decent profits.

Op, making a reasonable profit from trading with a capital of 3$ is like using a spoon to transfer a bucket full of water from bucket A to bucket B. My point is, the trading amount is quite low and it will take you longer period of time to realize something meaningful, and that's if you don't lose your fund along the way. Since you sound very confident on your success, why not top up the 3$ to $50 - $100, to increase your chances of making it happen real quick?

How will he profit $10 per month by trading with such a capital of op? Making $10 a month with $3 means his profit would be 334% which I don't think is possible to earn monthly with spot trading. op has made a wrong move as it is never possible to trade profitably with such amounts. And most of the exchanges cannot buy/sell anything below $5-$10 minimum. So how can he make a successful trade with $3

I see your capital OP is very small but what is your goal actually? Making it $10 in a week or in a month?

It is quite interesting to see its progress but honestly OP, having this amount and only trading shitcoins, you just waste your time unless you find it worthless anyway. If I were you, better have the challenge start with $100 and your chances of growing it is huge but if you force yourselves to trade with $3, after a few days now you probably quit.

It's harder then i tought ....i have no results i'll wait few days If nothing happens i'll add some more funds to increase the capital and try with little bit bigger than 3$

I've known poloniex but didn't used them for a very long time. If it's allowed to trade there as low as $3 then good luck to OP and his plan. The expectation won't be that much then for this challenge that he's going to do and if he finds success in expanding and growing that capital of his, he might be considered as a great trader based on how he'd end up here. But as I have said about not expecting a lot, I just think of it that he's going to get liquidated with that very small amount through fees.

Does Poloniex have the lowest spot trading conditions?

I don't think you should start spot trading with $3 and increase it every week as it grows, it's a waste of time and you will hardly earn any additional funds from the profits unless the coin you bought goes up 20x more than the purchase price.

I will wait to see how you show PNL as your trading progresses.