Many friends often ask if your leverage is too high? Below are some points on how much leverage to use!

1. Your risk tolerance

2. The cryptocurrency contract you are trading

3. The size of the contract

4. Whether you are trading simple interest or compound interest

5. Assessing the market conditions.

So, how much leverage you use depends on your personal risk tolerance!

Key points to note after opening a position

1. Always set a stop-loss after opening a position, always set a stop-loss, always set a stop-loss. Make it a habit to set a stop-loss when you open a position. Do not think of yourself as hedging or harbor any lucky thoughts. If you can still be trapped or face liquidation, you are definitely not qualified.

2. The stop-loss amount for each trial position should not exceed 15% of the total amount (depending on your own risk tolerance. I recommend initially setting it below 15%. If you can maintain stable profits, you can adjust it based on your own risk tolerance).

3. If you make a mistake during the trial position, you must stop-loss. Do not attempt to increase your position thinking you can walk away without a loss. Most of the time, the market is fluctuating, and indeed, most of the time you can rely on increasing your position to break even!