#WIF Many contract traders are found to be unfamiliar with Position size and contract multiplier.
Let me popularize some basic knowledge.
Some people say they dare not use 100x leverage in contract trading as it is easy to get liquidated. Others see screenshots of people using 50x or even 100x leverage and insist on using lower leverage to avoid getting liquidated.
Actually, these statements are not accurate, because simply looking at the multiplier doesn't make much sense. For example, I have 100u, and you also have 100u. I open 1u with a multiplier of 100, and you open 100u with a multiplie