I've been dabbling in CFD trading lately and am trying to wrap my head around the whole leverage aspect. It's super enticing to think about making larger trades with a smaller amount of capital, but I can't shake the feeling that it could be a double-edged sword.

How do you all manage leverage when entering a CFD position? Do you have any strategies that help mitigate risks? I've heard stories of people making a killing, but I've also seen folks get burned. I guess I’m just curious how others weigh the potential rewards against the risks involved. Any insights or personal experiences would be super helpful!