Topic: Hi i do Challenge to start from today with capital 3$ trading (Read 434 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.

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.

Ah! That amount is too small oh. I don't know of the platform you are using to trade but if the trading platforms I know, they will not accept that deposited amount and allow you to trade with it. And the minimum amount to be use in those platforms are $10 to $20. Like deriv which I have been using to trade was taken the minimum amount is $10 and I was using Bitcoin to trade in that platform.  And what I will advise is that use that amount and convert to another coin and not Bitcoin but any altcoins that you can use to trade.

Because if you use Bitcoin with that amount then it would not work. They will not allow to trade because of the amount.

I don't know, I don't want to jinx your goal or your challenge to yourself as you said, but its a good practice challenging yourself with only limited capital, not limited from your capital you have a small liquidiry, which means limited leverage and limited margin of loss, so I think it will ve a bit hard for you to make it grow as you have a low leverage you also have a kow profir, but profit is profit, if you can make it grow then it will show that you are a good trader, if not then still good for experience and also you only have a little amount of loss, anway goodluck I hope you update us on what will happen to your challenge, either good or bad. Some might say that you can't do it or discourage you, but it's a self-challenge, and I see that you want to try yourself, so that's fine.

Spot trading with $3 is ridiculous because even if you can make 20% profit from it, it will be only 0.6$ profit.  So you cannot earn a big capital by trading with this capital. You can make some profit by gambling with $3 or doing futures training, but you can never get anything good with so little money on the spot. I am not encouraging you to invest high amount. But since you say you have a long experience in trading so I would say increase some amount and then trade then you can earn good profit.

Minimum market order 1$ about my poloniex account is set on euro currency on default so i have little more than 3$ but it's about 3$ Im in Ada position with 1€  i have bought from yesterday ADA.
It's little difficult with so small amount but i'll coumpond and once i'll have funds over 10$ it's getting easy.
I see btc 41k price range good to buy altcoins so i did entry yesterday with Ada.

I hope i'll have 4-5$ total at the end of the Week If i have done everything right.

3 dollars in spot trading? Are you certain you can trade $3 in crypto assets on a cryptocurrency exchange like Poloniex? According to my knowledge, the minimum trade amount for you to purchase from exchanges is at least $10.

Because if you just sell $3, you will be unable to purchase crypto assets on an exchange site in crypto for that amount. Why is that possible on Poloniex, even if cryptocurrency can be purchased for $3?

Just share your PnL screenshot here, you must first upload the image on an image hosting site like imgbb or talkimg.com. Read this tutorial: https://bitcointalksearch.org/topic/guide-how-to-add-image-on-bitcoin-talk-post-5297889
It's okay if your image doesn't appear here, someone with a higher ranking will quote it for you.

There is no PNL on spot trading pairs because you are not opening/closing position, you are buying coins/tokens. Fliping from one coin to another. Poloniex does not know what's your native currency (USDT, BTC, ADA) so it doesn't know when you actually open/close your position. 3$ is not enough.
"The minimum trade amount varies depending on the base trading pair and are as follows: BTC, 0.0001
USD (any), 1
TRX, 100
BNB, 0.06
ETH, 0.0001."
https://support.poloniex.com/hc/en-us/articles/360040031373-How-to-Trade

So for some tokens like TRX you will be below the minimum transaction threshold
Trading with this mindset is gambling.
Trading with $3 on such a illiquid exchange as Poloniex can bring unexpected returns that will be unreliable and mean nothing. For example, I once had a trading bot that did up to 100% a week on providing liquidity on a small exchange. The math shows that I would have made $500 to $30 million in just 4 months, but the truth was that the bot couldn't make more than $500, a week, on average, because the volume was so small.

Hi, i do trading with capital 3$ spot trading no leverage.
Im using poloniex for this
I have experince over 10 years not actively traded all those years.
Going to be interesting
I want to see how i will do it in one week 2weeks and month and so after few months.
I Im in ADA now with 1$ of my capital 3$

I have STARTED now today - anyone knows how to get my poloniex PNL ? So i can show here my PNL