How much leverage is reasonable for a contract? Someone asked me yesterday, and I’ll tell you the truth today.

First, let’s clarify: what is a perpetual contract?
Simply put: as long as you don’t get liquidated or close your position voluntarily, you can hold this contract indefinitely.
Unlike futures with delivery dates, this is its biggest difference.
So here’s the question: how much leverage should you open?
Yesterday, a crypto friend told me he usually uses 30x or 50x leverage and asked for my opinion.
My answer is very simple—go for 100x if you’re going to leverage.
Why?
Since you’re already using leverage, whether it’s 1x or 100x, there’s always risk.
So why not maximize your gains?
To be more practical:
A 1x Bitcoin contract costs over 470U
While 100x only costs about 5U
If the market moves the same way, with 1x you can’t earn many points and still have to pay fees, which isn’t cost-effective.
What’s more outrageous is that some people use small capital to open ultra-high leverage positions without setting aside margin, and when the market fluctuates, they get liquidated.
After getting liquidated, they regret it—this market movement should have been profitable, but they end up with nothing.
What I want to say is: the first thing in trading contracts is to prepare enough margin; the second is not to hold positions recklessly; the third is to set clear targets and take profits when reached.
Use isolated margin to control risk, and don’t hesitate on stop-loss and take-profit.
With 5000U capital, consistently earning 50-100U daily is really not difficult.
On a monthly basis, even if you hit your target in 20 days, you can pocket 1000-2000U.
This is the rhythm that a contract trading should have.
Don’t rely too much on technical analysis, don’t fantasize about getting rich overnight.
Those who can truly survive are those who dare to set goals and can control their pace.