How many times should you open a perpetual contract? This question I get asked more than three times every day.
Last week at an offline gathering, just as I sat down, someone approached me: "Brother Ye, how many times do you usually open for perpetuals?" Before I could answer, the guy next to me exploded first: "I usually go for 30 to 50 times." I deliberately teased him: "Then why not go all the way to 100 times?" He immediately replied, "That thing blows up too quickly, you can't react in time at all."
At that moment, I just laughed—see, everyone understands inside.
Leverage is essentially licking blood on the edge of a knife. 50 times is chronic suicide, 100 times is instant death; the difference is just how many seconds the market is willing to give you to struggle.
Calculating it clearly: Taking BTC as an example, 30 times leverage can only withstand a 16-point reverse fluctuation, 50 times only 10 points, and at 100 times it shrinks directly to 5 points. Opening 1 times? That’s indeed as steady as an old dog, but the profits are as slow as a snail's crawl. Opening 100 times? It feels great, but without stop-loss and discipline, clearing the account is just a blink away.
What truly causes you to get liquidated is never the multiplier itself.
It’s the impulse to leverage a few hundred U to pry open tens of thousands in profits, the lucky mindset of not wanting to close positions even when the margin is bottoming out. If the market shakes a bit, you will be directly swept out the door.
The worst isn’t misjudging the direction, but clearly seeing the right direction, yet being shaken out by a normal pullback due to excessive leverage, and then you can only watch the price surge in the direction you predicted. That feeling, those who understand, understand.
So the core isn’t "how many times can you open," but "can your margin withstand normal fluctuations?" This is the line between life and death.
Three dead rules must be engraved in your DNA:
First, only use isolated margin mode. Full margin means tying all your possessions to a single fuse; no one knows who will ignite it.
Second, always set a stop-loss. The moment you start holding a position, the countdown to liquidation begins; don’t harbor lucky thoughts.
Third, don’t be greedy. With a principal of 5000 U, steadily earn 50 to 100 U daily; compounding is much more appealing than gambling it all in one shot.
Leverage doesn’t amplify the market; it amplifies human nature—your greed and discipline will be infinitely magnified.
A 100 times leverage with risk control is 10,000 times safer than blindly holding a 5 times position. In perpetual contracts, it’s not about who is bold, but who can survive to the end. A clear system and controllable risks are what allow you to walk out of this market with a smile. $BTC #加密市场观察
