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SBF
@SBF_FTX
2) If you choose 50x or above leverage, you have position limits: you cannot go above a certain size, no matter how much you have in your account. The "pos limit weight" is what controls this. If you choose 20x or below leverage, there are no position limits.
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SBF
@SBF_FTX
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@SBF_FTX
3) Separately, there are margin requirements: you can't go above your max leverage, and so if you set that at 20x and have $1k in your account, you can't put on a $30k position.
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SBF
@SBF_FTX
4) And in fact max leverage decreases with position size: if you want to put on a $100m position, you can't get 20x leveraged even if you try to select that. The "IMF factor" is what controls this.
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