The first thing I am going to tell you are the mistakes that traders make when averaging a position...
Note: this article only applies to operators without Stop loss and in isolated margin mode...
Averaging infinitely:
Averaging a position can save you from an unnecessary loss, but if you keep putting more and more capital into a losing position, you could suffer a considerable loss...
Averaging with an amount smaller than the initial position:
If your initial position is $100 and then you add a second position of $50, the initial position will have more weight than the second, therefore, the average purchase or sale price will not change much...

What you should never do if you like to trade without a Stop Loss is to put all your capital into a single trade...
It is recommended that you conduct each trade with ONE or TWO percent of your total capital... (1% or 2%)... And that you trade in isolated margin mode...
Leverage can be variable depending on the volatility of the asset you are trading...
For example, with a leverage of 40X or 50X, it is relatively quick to achieve an ROI of 200% or 300%... This means a risk/benefit ratio of 2 to 1 in the first case and 3 to 1 in the second case...

Well, it's very simple, I will be clear and brief...
If you are trading, for example, at 5X, and you have a risk/reward ratio of two to one, meaning that when you lose, you lose $10 and when you win, you win $20...
Let's suppose you won five trades in a row, meaning you earned $100, and then at that moment you decide to increase your leverage to 10X with the same position size, which means you will now win $40 when you win and lose $20 when you lose...
If your next five trades go wrong, you will have lost the $100 you earned and will be back where you started...