Leverage amplifies investment. You buy contracts. Look at the position size; it has nothing to do with the size of the leverage. Look at your position size. Having a position of 100 with 1x leverage is exactly the same as having a position of 100 with 100x leverage. There's no need to get hung up on the size of the leverage; just manage your position size. To put it simply, with high leverage, you want to borrow money.