High leverage is really a double-edged sword. It seems that profits of several times a day are right in front of you, but one careless move can make it all vanish.

That's how I got here. Initially using 20x leverage, I indeed made quick money — making several times my investment in a day was quite normal. So what happened? The margin for error was frighteningly low, and with my limited income at the time and no withdrawal plan, I never managed to scale up.

Later I felt that I understood and decided to try a 10x leverage. Earning dozens of points a day seemed much more stable. However, that was not the case; when a one-sided market comes, there is still no negotiation, and the margin for error remains a bottleneck.

Next, I tried 5x; the logic remained the same. I could earn some points, but my awareness of stopping losses was poor, and I didn't know how to recognize my losses in time. The worst time was when the PIP pushed me up unilaterally and I was directly wiped out; that experience left a particularly deep impression. After struggling with 5x a few times, I realized that the problem wasn't with the leverage itself, but with my trading discipline.

Switched to 2x, paired with a stop loss, it's finally looking decent. Although it's only been a little over a week, this pace is acceptable.

But I can't be optimistic either. If 2x can't hold and it's easy to get carried away, then it will continue to drop.

Try using 1x.

What if it still doesn't work? Then give up on the contract and turn to spot trading. For BTC and ETH swing trading, there’s plenty of time, and the mindset can be a bit more relaxed.

Take your time, you will always find a rhythm that suits you.