Many people have asked me in private messages how many times I usually open leverage. Let me explain.

How many times the leverage is opened depends on the following conditions:

1. Your risk preference

2. The contract currency opened

3. The size of the contract funds

4. Are you doing simple interest or compound interest

5. Determine the size of the market.

So it is meaningless for you to ask me how many times the leverage is opened. If you have a high risk preference, small funds and high returns, wait for an opportunity with high certainty and how high the leverage can be pulled according to the stop loss. How can you make the first pot of gold if you don't do this.

The difference between simple interest and compound interest, if you are doing simple interest, the leverage can also be maintained at a certain multiple. But if it is compound interest, as your capital volume increases, the leverage must be reduced to increase the fault tolerance rate, otherwise a big mistake will have to be pushed back.

Another point that I think is more important is that when encountering a big market, you must dare to operate with a heavy position, because a big market is hard to come by, as long as you catch a wave, your capital volume may increase by a level.

Some old fans who are familiar with me should know that my real-time profit started from 10,000 yuan compound interest. The first transaction was 20 times leverage to long BTC. It took half a month to roll the position to more than 100,000 yuan, and then the leverage gradually decreased. When the funds were hundreds of thousands, it was generally not more than 10 times. When it reached two or three million, the leverage was generally not more than five times. At present, the amount of funds I may open about three times in general market conditions. (Mainly referring to BTC)

The above are some of my experiences in the process of growth, for your reference. ——Bit King