How to Make $100 a Day Trading Crypto on Bitunix

Lark Davis

Introduction to Crypto Trading

Crypto trading is a lucrative opportunity due to market volatility. To profits from short-term price movements, one needs the right trading platform, mindset, and strategies.

Choosing a Trading Platform

Bit Unix is recommended due to its:

  • No KYC requirements for privacy
  • Huge range of token listings
  • Great liquidity and security
  • High leverage on top coins

Trading Preparation

To start trading:

  1. Select coins with good volatility and significant price fluctuations.
  2. Focus on a few coins to get familiar with their charts.
  3. Understand the basics of reading chart patterns and using indicators.

Trading Strategies

  • Start small and practice with safe amounts.
  • Keep it simple and begin with spot trading before adding leverage.
  • Don't get emotional and beware of FOMO.
  • Use stop losses to avoid significant losses.

Placing Orders on Bit Unix

  • Market orders are good for small orders but may experience slippage for large orders.
  • Limit orders allow buying at a specific price and are useful for taking profits.

Leverage Trading

  • Use leverage to increase position size and potential gains.
  • Set a liquidation price to avoid losing all capital.
  • Use stop losses to limit losses.
  • Start with low leverage (2x) and adjust as needed.

Chart Patterns and Indicators

  • Head and shoulders indicate potential price reversal.
  • Double top and bottom patterns signal trend reversals.
  • Triangles and flags suggest continuation patterns.
  • Moving averages show trends and support/resistance areas.
  • RSI measures momentum and identifies overbought/oversold conditions.
  • MACD measures momentum and signals potential reversals.

Risk Management

  • Manage risk by using stop losses and not risking the whole portfolio on a single trade.
  • Never risk more than a few percentage points of the portfolio on a single trade.