#数字资产生态回暖 $ZEC

The leverage issue with perpetual contracts has been something I've heard questions about countless times over the past decade. From novices to professional traders, many have fallen here.

Let's clarify first—leverage is not some secret to getting rich; it’s just a double-edged sword.

When used properly, it’s your accelerator; when misused, it becomes a meat grinder. There’s no third option.

The peculiar thing about perpetual contracts is that there’s no delivery date—you can hold a position as long as you don’t get liquidated. It sounds incredibly free, but in reality, this “freedom” is full of traps—enter when you want, exit when you want, profits double, risks double. It’s this convenience of being able to operate at any time that has trapped most people.

Recently, a trader told me he often uses 30 to 50 times leverage. I asked him, why not just go 100 times? He said, “It blows up too fast.” I couldn’t help but laugh.

Because once you’re on leverage, no matter how many times you set, you’re walking on the edge of a blade. The only difference is how much reaction time the market gives you.

Let’s take BTC as an example: 30x requires a 16U margin, 50x needs 10U, 100x needs 5U. Change the leverage multiple, and the entire risk-reward landscape is completely different.

1x is as stable as an ox, but grows so slowly it’s sleep-inducing; 100x is like riding a rocket, provided you have stop-losses and principles, otherwise one wrong move can wipe you out instantly.

What really blows up accounts isn’t the high leverage itself, but chaotic position planning and leaving too little margin. Trying to leverage a few hundred U with dozens of times the position size, and a slight market fluctuation will shake you out. The most heartbreaking part isn’t losing money—it’s that you predicted the market correctly, but normal market fluctuations took you out too early.

So the core logic boils down to one sentence: perpetual contracts aren’t about being afraid of high leverage; they’re about not leaving enough room for normal fluctuations.

Margin must be sufficient to withstand normal market swings—that’s the bottom line.

To truly survive and stay stable in the perpetual market, your mind must be engraved with these three rules:

1️⃣ Always use isolated margin mode; don’t go all-in casually—this is a suicidal approach.

2️⃣ Set a stop-loss order; no exceptions. Holding on without a stop-loss is equivalent to signing a contract with liquidation.

3️⃣ Don’t be greedy with your targets. An account with 5000U capital consistently earning 50–100U daily, compounded over a few months, is far more powerful than you might imagine.

In simple terms, leverage doesn’t magnify the market itself—it magnifies your mindset and discipline.

Most losses aren’t because the market doesn’t give opportunities; it’s because traders become inflated and ruin their own trading systems.

Finally, this sentence is worth repeating: a 100x trade that can be controlled steadily poses a much higher safety factor than a 5x trade without stop-loss protection.

Perpetual contracts are not sustained by luck; they survive through a complete risk management system.

Leverage itself isn’t the problem; losing control is.