Futures trading almost feels like gambling sometimes

[lixer]

For me, if you don't know what you are doing when trading - that's gambling.
If you just randomly click the green or red button without any basis or analysis - that's gambling.

A good trader always has a plan and well knowledge before entering any trade.

Whether you know what you are doing or not, it is still a gambling because of the high risk that entails with it. Of course, it is always better to have a proper understanding on it because that can make us lessen the risk somehow. Obviously that a good trader will always has a plan and good knowledge, and they won't be called like that if they didn't have those.

If we have an experience in trading or we are good with it already, there is no way to quit it because we are still benefiting with it, although some might feel it because they are only bored or something. It is only normal and we shouldn't get carried away with our emotions easily because we can always bounce back again.

[Maslate]

Futures trading isn't really suitable for beginners and inexperienced traders, because aside that it brings high risk, you can also lose your funds in an instant if you aren't capable predicting the future price. Note that the market is so unpredictable, and that prices can be volatile and its changes can be adverse and devastating, which makes it more a sense of gambling if you don't have suitable skills that will fit to manage those risks.

[OcTradism]

Futures trading isn't really suitable for beginners and inexperienced traders

Experienced traders don't mean they are disciplined, knowledgeable and successful traders. They have experience, better than newbies, that is their advantage, but to succeed in the market, they need more than only experience.

because aside that it brings high risk, you can also lose your funds in an instant if you aren't capable predicting the future price. Note that the market is so unpredictable, and that prices can be volatile and its changes can be adverse and devastating, which makes it more a sense of gambling if you don't have suitable skills that will fit to manage those risks.

The market is unpredictable for everyone, either beginners, inexperienced or experienced people. With Futures trading, traders will be beaten down by the market volatility that is unpredictable, long squeeze or short squeeze and they also will be beaten down by exchange trading fee that is very expensive with this type of trading. Trading fee, if you let your Futures position opens for a long time, is more expensive than Leverage trading type.

[R1dwanRz]

I just came here to post on here after just losing money on a futures trade lmao, futures can be hard when you don't really know what you are doing. naive me went for a high leverage instead of just 2x.

Lol, haha calm down, don't rage all out, if you lost money now, there's a very good chance for you now to take advantage of upcoming opportunities. Keep on grinding with spot trading for now, or you try the futures again with caution of course. I don't really play games with futures though. Always the remember that, invest what you can afford to lose.

screw all these useless events events exchanges do, they should genuinely have an event for foolish traders that lose their money. Even if they don't give me my money back they should give me half lmaoooo, I promise I won't do futures anymore.

Well hosting events is their own thing to get users and motivate users to trade. All of the users trades and the trading fee is getting filled day by day for exchange. That's their income if you ask me
Although I saw an event by Bitget for futures trading, if you want to try it, go ahead, here's link:
BG futures traders bonus

[YOSHIE]

Futures trading almost feels like gambling sometimes

Indeed, if you don't understand the strategy and how to trade crypto, especially if you use margin and futures methods, the risk is worse than gambling.

For example: margin trading which is often done by many people is called leverage, it is the same as betting with the risk of borrowed money, where you will do it when prices rise or fall, the risk you face is exactly like you are gambling, Likewise, Futures trading is often carried out by means of contractual agreements to buy and sell assets, but there is another trade that does not carry a big risk, such as gambling, namely spot trading, you can aim for the cheapest crypto price and sell it when the price rises, you don't have risks like margin or futures.

[Cookdata]

I just came here to post on here after just losing money on a futures trade lmao, futures can be hard when you don't really know what you are doing. naive me went for a high leverage instead of just 2x. screw all these useless events events exchanges do, they should genuinely have an event for foolish traders that lose their money. Even if they don't give me my money back they should give me half lmaoooo, I promise I won't do futures anymore.
Have you guys ever felt like quitting futures or just trading in general?

https://x.com/rektober/status/1813398057532199177

Check the above tweet and your thread is actually justified about future trading been a gambling. This guy literally open a short position on sol/usdt at $157 and right now it's trading around $160.5 and he is having a liquidation price of $164. A lot of people were warning him that the trade will soon get blotted if there is more liquidation of short traders but he doesn't care about other people's opinions, in fact he just deposited more to his collateral else he would have been liquidated.

There is much to lose in doing futures than for you to lose and if you don't have the power to move the price, you will only be used to make a toast as exit liquidity. You might be making money at start or at some point but trust me, the day they want to use liquidation to play with manipulation and you happen to have large open position, you will get rekt and lose everything. So trade carefully.

[khiholangkang]

I just came here to post on here after just losing money on a futures trade lmao, futures can be hard when you don't really know what you are doing. naive me went for a high leverage instead of just 2x. screw all these useless events events exchanges do, they should genuinely have an event for foolish traders that lose their money. Even if they don't give me my money back they should give me half lmaoooo, I promise I won't do futures anymore.
Have you guys ever felt like quitting futures or just trading in general?

This is where the importance of a flying hour of mentality formation and knowledge in the world of trading, not even just futures trading, because if we do not know anything we do and with various kinds of risks it can be considered as a gambler, thinking can get double to a hundred times the price increase quickly is an act that is the mentality of a gambler.

You just need to understand why you are stepping, how to do it and what the risks are so that you have a clear view of the world of futures trading, so you know when to stop and when to start, just like any other activity.

[Dr.Bitcoin_Strange]

I just came here to post on here after just losing money on a futures trade lmao, futures can be hard when you don't really know what you are doing. naive me went for a high leverage instead of just 2x. screw all these useless events events exchanges do, they should genuinely have an event for foolish traders that lose their money. Even if they don't give me my money back they should give me half lmaoooo, I promise I won't do futures anymore.
Have you guys ever felt like quitting futures or just trading in general?

Yeah, future trading or forex trading is definitely going to look like gambling or a game to a novice or an amateur because when you don't have an idea of what you are doing, then you can make crazy mistakes. Gambling and trading are different things with different principles, but they can be easily mistaken when you don't have an idea about trading. 

I guess you're kidding; no exchange will develop any feature for repaying foolish traders, like you said, for their lost trades. The rules are already there; you either risk losing or winning, and if you can't handle the risk, you need to abstain from it. 

At some point, I stopped trading. I stopped for a long time because the losses were unmeasurable, but I did not stop studying how I could make more successful trades. I also realized that in trading, losses are inevitable. By using low leverage, you can stay in your position while the market keeps being dynamic until it probably goes in your direction, but if you use high leverage, that's high risk. 

[Wapfika]

I just came here to post on here after just losing money on a futures trade lmao, futures can be hard when you don't really know what you are doing. naive me went for a high leverage instead of just 2x. screw all these useless events events exchanges do, they should genuinely have an event for foolish traders that lose their money. Even if they don't give me my money back they should give me half lmaoooo, I promise I won't do futures anymore.

Don’t blame the event but rather blame the exchange itself for offering high leverage since this considered as a gamble already on a volatile market like crypto. Exchange is exploiting traders greediness by offering high leverage because they knew the position with high leverage has a high chance if being liquidated due to price swing both side on crypto.

Have you guys ever felt like quitting futures or just trading in general?

I never touch futures trading even just x1 leverage because it gives you a disadvantage called liquidation while you can just increase your capital and trade on spot without thinking about liquidation, just paper loss that will soon turns to profit if you have patience to wait.

[Franctoshi]

I just came here to post on here after just losing money on a futures trade lmao, futures can be hard when you don't really know what you are doing. naive me went for a high leverage instead of just 2x. screw all these useless events events exchanges do, they should genuinely have an event for foolish traders that lose their money. Even if they don't give me my money back they should give me half lmaoooo, I promise I won't do futures anymore.
Have you guys ever felt like quitting futures or just trading in general?

I understand your thoughts and feels about futures trading, it was once like that to me when I didn't understand anything about trading, I was gambling on the market in the name of trading and were actually getting a gambling results, so what did that tell me then?, Well, from that experience, it tells me that the way you approach the market determine the results you would get, a higher number of traders is gambling the market and not trading but thinking they're trading despite the market being manipulated by the market makers, But however, you trade with them and not trade against them, this is why it's important to learn about the smart money concept of trading.

[Finestream]

Futures trading certainly looks like gambling because you are trading in a highly unpredictable future prices and comes with high leverage. While it can be motivating and help some traders to earn maximum income for those who are highly experienced traders, but the outcome is different when you chose futures trading even if you know you aren't capable and skillful to make it work for you. Any activity turns into gambling, as long as you did it without certainty and good trading skills that will eventually lead to huge inevitable losses in trading.

[Distinctin]

For me, if you don't know what you are doing when trading - that's gambling.
If you just randomly click the green or red button without any basis or analysis - that's gambling.

A good trader always has a plan and well knowledge before entering any trade.

Whether you know what you are doing or not, it is still a gambling because of the high risk that entails with it. Of course, it is always better to have a proper understanding on it because that can make us lessen the risk somehow. Obviously that a good trader will always has a plan and good knowledge, and they won't be called like that if they didn't have those.

If we have an experience in trading or we are good with it already, there is no way to quit it because we are still benefiting with it, although some might feel it because they are only bored or something. It is only normal and we shouldn't get carried away with our emotions easily because we can always bounce back again.

Yes, it can still fall like gambling but the only difference is that if you understand how futures trading works and has a solid trading plan to make it work and succeed, then the chances to end up like gambling is very scarce. This is the reason why beginner traders who have less knowledge and experience when it comes to futures trading are being discouraged in order to prevent huge losses like gambling, otherwise if they still insist to go on futures, they will certainly end up losing but they will also learn a big lesson as well.

[OrangeII]

I also feel that future trading is almost the same as gambling. That's because, when you fail to carry out analysis and speculation, the assets you own could disappear completely. However, I am more inclined to choose spot trading because it is not like gambling, because the assets we own will still be there when we predict wrongly, but their value has been reduced.

[MarjorieZimmermanGinger]

I just came here to post on here after just losing money on a futures trade lmao, futures can be hard when you don't really know what you are doing. naive me went for a high leverage instead of just 2x. screw all these useless events events exchanges do, they should genuinely have an event for foolish traders that lose their money. Even if they don't give me my money back they should give me half lmaoooo, I promise I won't do futures anymore.

Exchanges will not lose money because they are not designed for that and what you are doing is using high leverage so that in the opposite case your trade loses momentum. The exchange profits from trading fees while you profit from profitable trades. If your futures trading skills are not good then you should not do it because it is quite risky.

I prefer spot trading because there are not many risks that need to be considered because here the most important thing is to buy at a low price and sell at a high price. It's simple, even though the profits are not too big, but we can take advantage of the downturn to buy it.

Have you guys ever felt like quitting futures or just trading in general?

That's why you have to recognize the right type of trading and if futures trading is considered more like gambling then use the spot trading type. This type of trading is much safer for anyone to do because the risk is much smaller than the risk of futures trading.

[Peanutswar]

It becomes feel like a gambling if you play without proper idea what are you going to your trade. At first before making a position you will seek what's the market trade situation and make a position if you felt that the plotted details is base on your plan and now next if the trade you commit is just base on your guts and feel that this time the market will soar depend on your decide position without identifying the current situation that's the time you gamble in trading with your hopes.

Reason why trading is base on the knowledge of the trader so they can lessen the risk.

[lixer]

you would instantly go back to futures if they give back half of what you lost thinking you outsmarted them. they will be sorry for no one will give back the money you lost.

it feels like gambling but they give you a tool to predict the future of trends, those tools should have been put to use well in predicting where the market trend goes but a lot of us fail this kind of trade though. if you feel like its something you can't learn, its time to accept trading is not for everyone. 

Future trading seems like gambling to people who don't have any special knowledge about futures trading, they don't do candles and market analysis, they just trade without thinking about which direction the market will go without this knowledge. It has been the same way in gambling, they also use predictions in the futures market, but whatever the trading is, whether it is spot trading, futures, or margin, predictions never work for it and you have to learn.

Another thing that completely separates futures trading from gambling is that in futures trading you can set up a stop loss but in gambling, you don't have the option to set up a stop loss, so you keep losing until your money is exhausted or you win, but if you are trading futures, then you have set a stop loss at one place. If your predictions are wrong, then you lose half or just a portion of your money. You lose but half goes to you but that's not the case in gambling when you lose you lose all your money.

So when it comes to trading, knowledge and experience are your friends, but in gambling, all you need is luck and nothing else, maybe not in sports betting, but in gambling games.

[Awaklara]

I just came here to post on here after just losing money on a futures trade lmao, futures can be hard when you don't really know what you are doing. naive me went for a high leverage instead of just 2x. screw all these useless events events exchanges do, they should genuinely have an event for foolish traders that lose their money. Even if they don't give me my money back they should give me half lmaoooo, I promise I won't do futures anymore.
Have you guys ever felt like quitting futures or just trading in general?

Have you ever traded spot before or is future trading the first thing you have done?
Please note that trading is actually not for a beginner without knowledge. especially with futures trading. without knowledge and skills, yes it will seem like gambling that will only rely on your luck. especially if you increase the risk by using high leverage. it's like you're throwing away your money.
It was your fault, of course, you realize that. Make it a valuable experience if you want to continue learning to trade. but if you feel like you've had enough and want to leave, then forget it.

[EarnOnVictor]

I just came here to post on here after just losing money on a futures trade lmao, futures can be hard when you don't really know what you are doing. naive me went for a high leverage instead of just 2x. screw all these useless events events exchanges do, they should genuinely have an event for foolish traders that lose their money. Even if they don't give me my money back they should give me half lmaoooo, I promise I won't do futures anymore.
Have you guys ever felt like quitting futures or just trading in general?

You can say that again but the truth will always be that trading and gambling are not the same thing even if it's a thin line of difference. However, it is possible you gamble in trading which is one of its differences and as a matter of fact, most traders are gambling doing it, so who do we blame trading? Like what you've explained above, you can know yourself that it's the fact of many traders, "you don't bite more than what you can shew." Trading is vast and technical, it needs you both mentally and skillfully, but many do not possess the skills not to mention having the mental capacity that will be able to carry it through.

Any trader still trading and losing but continues with a short time frame is a self-deceiver, why can't such move to the higher timeframe and try other more stable styles? And in my experience, those traders with long-term interests are better ones. But still, they need to work on their aggression towards the market and must make sure they start with low risk and proper management until they are experienced and smart enough to increase it. Sadly, most people do the opposite.

[armanda90]

Future trading seems like gambling to people who don't have any special knowledge about futures trading, they don't do candles and market analysis, they just trade without thinking about which direction the market will go without this knowledge. It has been the same way in gambling, they also use predictions in the futures market, but whatever the trading is, whether it is spot trading, futures, or margin, predictions never work for it and you have to learn.

Despite have knowledge or not, future trading almost same like gambling behind two predictipn possibilities only between get up or down. The same with gambling between profit or loss with our betting and future gambling offering us between long or short order.
But the most of future trader have make analyze firstly before opening their position for trading between short or long, they are predicting with how much potential increasing price before opening long position and keep minimize risk with potential out from their prediction by using stop loss feature.

For the beginner future trading is not recommended and trade on spot is good ideas keep learning more before trade on future trading.

[Frankolala]

I just came here to post on here after just losing money on a futures trade lmao, futures can be hard when you don't really know what you are doing.

Trading in general is risky and you must know and understand how to go about with your trade if not it means that you are gambling. You said that you don't know what to do but you decided to go on future trading with high leverage that shows that you were after profit and gambled away for funds. You need to learn trading for at least 2urs and above to have a good knowledge on trading because it is complex.

Future trading is the most risky type of trading and this was the one you settled for. Spot trade is better than future trade because you don't need to wait for long.