Those uncontrollable desires are the most ruthless executioners in the market.

"How much leverage do you think I should use?" This question has never stopped for ten years. Every time I am asked this, I think back to when I first entered this circle — back then, I was also stubbornly convinced that finding a "perfect multiplier" could change my fate. 5x, 10x, 100x — I studied their differences over and over, backtesting data on the K-line charts at night, dreaming of discovering that golden formula.

And then? I lost my initial capital before I woke up. Watching the liquidation notice flicker on my phone screen, I finally understood a harsh truth: leverage multiplier is not a matter of life and death; it’s just a timer — it determines how much time the market gives you to react.

What exactly is the difference between 30x and 100x? Most people say the risk is much higher, but I want to correct that understanding. Rather than risk size, it’s more about the difference in time density. With the same 500U principal, using 30x leverage might liquidate you when the market moves 3% against you; with 100x, just a 1% fluctuation can be deadly. High leverage doesn’t change the market’s direction; it just compresses what would normally take hours into minutes, forcing you to experience it. Time is amplified, but that’s not magic.

I’ve seen traders who hold 100x leverage and make stable profits for five years, and beginners who blow up in a month with only 3x leverage. Seems contradictory, right? But it’s not. The real dividing line isn’t the leverage itself, but somewhere else — those three deeper layers are what truly determine whether one can survive.