#美国非农就业数据未达市场预期 Talking about "contract leverage," many people instinctively get scared: too dangerous, bound to blow up eventually.

But honestly——leverage itself is not the problem; the crashes are usually caused by riders, not the horse.

When the market is good, a few percent increase in spot prices, multiplied by a leverage factor, immediately doubles efficiency. That’s not luck; that’s math. But here’s the problem: everyone’s eyes are only on the moment when profits are amplified, never considering whether they can withstand the opposite situation.

Why does it blow up?

It’s not because the numbers are big. It’s because the actions are too reckless.

No defenses, adding to losses when losing, making rash moves in a hot-headed state—fingers flying, but the account honestly shrinks. I’ve seen too many cases like this.

Talking about risk control, stop-loss is never in place; wanting to turn things around, but the mindset is crazier than the K-line. This is not trading; it’s pure gambling.

High leverage can be used, but with conditions: discipline must be maintained.

Identify the correct direction without wavering, act when it’s time, and be able to stop losses when the position is truly at risk—these three points are indispensable. If all are achieved, leverage is just a tool for acceleration; if not, it becomes a magnifying glass, amplifying every mistake tenfold.

Leverage is like a mirror. Those with a trading system can survive even 10x leverage; those without a system find 2x too much.

Don’t instinctively fear leverage, nor get excited and go all-in. Understanding market structure and controlling emotions are what qualify you to talk about efficiency.