Topic: Hi i do Challenge to start from today with capital 3$ trading - page 2. (Read 445 times)

can you trade with $3 on Poloniex exchange?
I've never used it, but trading on Binance has a minimum trade of $5 USDT. $3 seems like a very small amount. If you want to experiment, use a decent amount of balance, $10-$50 is good enough to do a few trades so you don't have a problem with the minimum trading limit. you do fast trading, scalping and it requires good technical analysis and strategy as well as management on very minimal capital.

This would be a long trade and I would have love to join you on this journey. Can you share your trades to us? This would also help other people that would love to join you and make profits from the market. Entering the market with just $3 is amazing with the mindset to make up to 1000% would be a good move for everyone. I have seen same challenge like this before and the op was able to make up to $10000 with just $10 entering the market. Trades like this would help other trades to become a better traders with time.

Of course, if the amount is small, the profit that can be obtained with 3 dollars is also small, but I just found out that it is really possible to trade worth 3 dollars on Poloniex. I don't seem to know of an exchange that allows a trader to trade below $5.

Then on Poloniex, that used to be a well-known exchange and was on the top list way back in 2016–2017 because I used to use that too. But I was stuck there for a long time because I didn't have any assets there.

Even if you close all transactions with a profit, it will take you a very long time to double your deposit. It is possible that by that time the trend will change to bearish and this will eventually automatically stop your challenge. In my opinion, it would be better to earn a couple hundred dollars by distributing promotional products in real life and then return to your challenge with a larger deposit.

Making it far comes with a price to be paid. Satisfaction is basically for all trader, who will reportedly earn from the system without undergoing exact problematic sectors and challenges. Opening a trade with $3? I assumed it will be one of these exchanges that does the unthinkable and provide slimed features for the main objective to persuade customers to partner with their exchange. Most of these crypto exchanges doesn't last long in the system because they can't survive the bear season and not enough liquidity to fuel the space.

Will the orders even allow you to place an order with $3 as your capital? Binance says $10 for the minimum amount and let's say that poloniex allows that.
What's going to be your profit with that? I know that everyone can start as little as they can be but this challenge is so hard at all to pass. But if this is just for the sake of content and satisfaction then, I'd wish you nothing but good luck with this because even I do this as a challenge, I think that I won't make it far.

We often recommend to people to use a small amount of money to familiarize themselves with a platform and to test their strategy and verify if it actually works, so it is likely this is what the OP is doing as even if the profits which could be generated with that amount of money are low, they can serve as a proof of concept, so if you could earn for example 40% in a single year with your strategy then the only thing left for you will be to increase your capital until that 40% finally becomes a significant amount of money.

Im in with 2$ now ...once i have got capital of 10$+ i'll get the second coin aswell for this and after i got capital 20$+ i'll take one more coin so until i have 5-7 coins and everytime they reach high i'll sell 90% of them.
That method works with 5 coins best

Im now about 1,20$ and Im expecting it to go up i'll sell i might sell all or leave 10%-20% Ada or i might pick the another coin for this.
No matter what are Market conditions i'll try to keep buying daily with 1%-2% since it's difficult now but i'll grow it more then i can Do it.

I wish you good luck on your trading journey but what is really the purpose of your trading, is it to practice and understand crypto trading or you are doing it for the money? If you are in for some dollars, I'm really sceptical how much you are going to earn after a year.

Let's do a quick analysis of your capital, you have a capital of $3 and in other to make $3 from a trade, you need to make at least 100% profit from a single spot trade. How do you intend to be making this from trades? I think one of the reasons why you were able to make such was because ADA pumped some days ago and that is why you were able to make a $1 profit else I don't see how you plan to make such a profit from the market.

You can see your PNL from your wallet, they have it in spot and Funding wallet on most exchanges like Binance and Kucoin, you can preview your profits and losses on a daily, weekly and monthly based on your Exchange but I'm not sure if Polonix exchange has such because I have never used their exchange.



PNL simply means Profits and Loss, some exchanges have it to track the history of profits and loss from the wallet balance, a loss and profit from spot trades will show in the wallet PNL. Exchanges like Binance and Kucoin have it where you can see everything from the chart.

Op has 10 years of experience in trading but started trading with a capital of $3?, I think that's very ridiculous, there's nothing you can get from capital that small except boredom because it turns out your money is growing very slowly, and it's like a waste of time in my opinion, and with such small capital, there are two possibilities: you have limited funds or you are still controlled by the fear of losing money in trading if the fact is the second then it is better not to enter the trading because there is no trader that never loses money due to losses.

It's clearly a challenge. I've seen some challenges for $100, $500, and $1,000 and how they turned into $3,000, $5,000 or $10,000, but it's the first time I've heard of a challenge as low as $1.
It is difficult to edit posts here after they are published, so the forum is an ideal place to follow progress and ensure that no data will be modified.

is this a challenge or experiment ? 3$ as capital isn't a waste of time to follow? though this will influence others to try as well if you showed success from your trading  so I may also watch this how to end.
please update us from time to time as what are the progress and what will comes from that 3 dollars capital.

can you buy ADA on Poloniex for $3? I don't use Poloniex but some exchanges have minimum transaction order limits. but if you can do it, good luck with your trading again. we all would be quite happy to see you update everything in this thread of yours.
but with capital of $3-$10, I will usually go to trade memecoin. it's just a fad just to test your luck.
Once again I wish you luck.

$3 dollars as a trading capital, sounds interesting though, I personally will love to see how that played out in a week, 2 weeks and in a month as you said.
But honestly, I think $3 dollars is way too low to start tradin with, and thank goodness that you didn't talk about trading futures, for that money will be gone in a twinkle of an eye, this is if you even find an exchange where one could trade with $3 on futures market, as I know that most exchanges take $10 to $30 as minimum amount one can have before they are able to long or short in a futures market.

Anyways, Goodluck to you, and speaking of how to post your PNL, if you don't or can't find a special way to do it, just take a screenshot and post - Simple? Yeah.

Achieving profits of $3 will bring you high views if you succeed in doing so, especially with an alternative currency pair such as ADA. However, although these experiences seem exciting, we cannot learn from your trading experience as it will remain personal and difficult for others to achieve.

On some platforms they this PNL but it is for your overall Spot trading account, like a summary. It will be useful of OP will only trade 1 pair and check this PNL.
But I believe in poloniex, they can't do it.


For OP, I suggest you to try first some demo trading or testnet trading. Some famous and popular centralized do have this, because with $3, most of exchanges don't qualify it as "minimum amount to trade".

too low of a capital to start trading your profit will just get eaten by the fee alone, you honestly should be saving more money then start trading not just go with $3 because honestly speaking you are just wasting time with that small amount of money.
moreover if you truly want to profit a lot from such small capital your best bet would be just future trading with high leverage but that also more likely gonna cause you to lose money anyway.
in short, save more money then start trading not with just $3 to be frank.

definitely true, some people might think tripling capital is easy but honestly its hard, the many altcoin that increased more than 300% capital are mostly just some random coins.
its always really hard to predict which coin are gonna be hitting that much increase and mostly its just all about luck, not to mention its just $3 that we are talking about you should find coin that have really low price to get meaningful profits.

Are you serious about trading using capital of only $3? it will just be a waste of time, unless you are learning to trade or testing your strategy. However, $3 is still too little, especially if you trade on the spot market. If you trade in the futures market, it might be better because there is leverage that will help your capital.

I don't use poloniex, but as far as I know exchanges usually have minimum limits for crypto purchases and can $3 be used to buy crypto? I think it would be better to increase your capital, maybe around $20 or $30, that's probably much more logical

You are overconfident about your goal, given the fact that you are a beginner with 10 years of experience. Increasing your deposit by 3 times in the spot market is a difficult task not only for beginners, but also for an experienced trader. So be careful and don't lose your deposit.