for me it's a good tool, for taking advantage of the resistance and support.
we all know that whenever prices hits support or resistance, it always bounced back for the first time, I took advantage of it using high leverage trading in which otherwise become meaningless trade because the bounce probably just 1-2% but with leveraged high trade, I can turn it to 100% profit. of course there's risk management.
I usually only bet using $15 as my margin and proper TP/SL, future trading is a powerful tool if you want to make quick bucks, as long as you know how to do it. it becomes problematic if you use really high leverage for long term, because market like to create wick.
That’s an interesting way to approach it – playing those key levels with high leverage definitely makes those small bounces worth it. I like that you’re keeping your margin low too; feels like a solid way to manage risk without overexposing yourself.
Totally agree on the wick problem though – markets love to fake people out, especially on longer timeframes. I’ve been trying to incorporate more cautious TPs/SLs myself to avoid getting liquidated. Curious though, do you stick to just major supports/resistances, or do you also use indicators like RSI or moving averages to confirm the setup?