Futures trading almost feels like gambling sometimes

[DegenLite]

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?

[_act_]

Even if they don't give me my money back they should give me half lmaoooo, I promise I won't do futures anymore.

Traders are the ones that profited from your money and not the exchange. The exchange make profit from trading fee. But the higher the leverage, the higher the money you will use to trade, the higher the trading fee that would be deducted by the exchange but the higher the risk of losing, despite that the higher can be your profit.

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

It is very risky. Using high leverage is just gambling. People that make money from trading over a long time are patient and using low leverage.

[bettercrypto]

It's really gambling, especially if you're studying futures trading. I've been here for a few years in the crypto space; I've only been doing more on the spot most of the time, and I'm not ashamed that I've been here for a few years now. I am starting to learn futures trading.

Although, even though I already have knowledge in trading, the futures spot is still different because the earnings in futures trade are really based on the analysis you will do, you should always know the basics of futures trading; it is very important or otherwise our fund will be really vulnerable. We can't be careless here. As much as possible, let's value our time while we learn about futures trading.

[EL MOHA]

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?

One advice I always give to newbies is stay away from future or perpetual trading you’re purely gambling your funds and it is the surest way back to the bottom. I can easily tell you that many people that have lost it today in trading actually lost it in futures. The leverages in futures is one of the baits that exchanges set out to lure people into trading with their platforms. Another bait again is the usual events you mentioned, exchanges lure you to trade a certain large amounts of volume to partake in this events and will tell you that you could win some giveaways which is usually not equivalent to the amount you risk. If you notice why I say this events are bait by exchanges, you will usually see this events only open to new accounts and not old trading accounts so that you just have to open multiple trades first before getting that volume required. And as you know the more position you open the more trading fees they collect.

With all that said I will still say there are people who earn or are profitable from future trading but there journey isn’t that of a few weeks learning. Successful traders are usually the most experienced traders in the market and their biggest tool to success is a very good risk analysis or management. They also lose on most trades but risk management saves them from losing everything

[Questat]

Futures trading is close to gambling most especially if you are not well-experienced when it comes to trading in the market. A lot of traders resort into futures trading and use leverage, and now they’re totally at loss that almost decide to quit for good. That’s why I don’t suggest going into futures trading, it’s a very dangerous attempt for majority of the traders. Just trade on what you can afford to lose.

[TopT3ns]

Futures trading is close to gambling most especially if you are not well-experienced when it comes to trading in the market. A lot of traders resort into futures trading and use leverage, and now they’re totally at loss that almost decide to quit for good. That’s why I don’t suggest going into futures trading, it’s a very dangerous attempt for majority of the traders. Just trade on what you can afford to lose.

Trading futures can actually pose a risk to exchange owners because when many of these future traders make a profit from the leverage system they use, the exchange has to pay them a fairly high amount of money. Indeed, trading in this way has very high risks, but we can see the profits obtained very quickly. Future trading must be monitored continuously and well because market price movements are unstable so we cannot leave it alone. While gambling we still have many choices from slot gambling, casino or sports gambling which have slightly lower risks than others.

[Potato Chips]

Anything can gambling if you don't know what you're doing because you're essentially relying on the game of chance for the most part.

Truthfully, I quit trading long time ago as I don't have the time + mental capacity to handle the load. There were also some losses prior iirc lol. I do think trading is not for everyone, maybe this is a good time for you to evaluate whether this suits you or nah. A middle ground approach though would be to steer away from leverage in the mean time.

[GreatArkansas]

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

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.

[BlackBoss_]

For me, if you don't know what you are doing when trading - that's gambling.

With most of people, they simply think buying and selling means trading and they are traders. In fact like you said, if they don't know why they should buy and where to sell, they are not trading, but gambling and they are not traders but gamblers in the market.

If you just randomly click the green or red button without any basis or analysis - that's gambling.

They don't randomly click and I think it's more correct to say they emotionally click on Green (Buy) and Red (Sell) buttons.
FOMO with Green button and Panic with Red button, that's truly gambling, not trading.

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

Good traders do care first about safety of capital, by doing due diligent research on potential, risk of a project before start off trading. They also do use some preventive order types like Stop loss order, Stop limit order to avoid big loss, and to protect their trading capital.

One of best weapons in trading
Stop-Loss vs. Stop-Limit Order: Which Order to Use?

[electronicash]

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. 

[LogitechMouse]

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

Can you share something that you will become successful when you don't know what you're doing? There's none. If you want to be successful with something, you need to work hard, and work smart and that includes trading.

Futures trading really is hard especially for those who don't know how to handle their emotions. I've tried it, and I failed. You're posting this out of your frustration just by looking at the content of the thread. They should give back the half of your losses? Who are you? If that's the case, then they should give back my losses then even its 1/4 of the total.

If you don't want to trade in futures, just don't trade at all. Sometimes, stopping for the better is also an option. As for me, I already stopped it.

[OcTradism]

Can you share something that you will become successful when you don't know what you're doing? There's none. If you want to be successful with something, you need to work hard, and work smart and that includes trading.

It will lead to disagreement. Define what success means is important.

People can get success without deep knowledge, by arbitrary doing trades, but it only works for short term. With this, success must not bind with long term condition that if used, will cause to more difficulty to gain success.

I believe most of us consider success is doing something successfully, profitably and sustainably for a long time. Trading, if you can get good net profit after 1 year or 1 market cycle that lasts about 4 years, you can say you are a successful trader. If you don't meet to long time of testing your works, you will need more time to finish your test in market and come back to say "I am a successful trader or a loser"

[Oshosondy]

It's really gambling, especially if you're studying futures trading. I've been here for a few years in the crypto space; I've only been doing more on the spot most of the time, and I'm not ashamed that I've been here for a few years now. I am starting to learn futures trading.

It depends on the approaches that you are using. Example is bitcoin leverage trading. If you use 100x for bitcoin in derivative market and you keep losing money, you know that you are gambling because you are suing high leverage that increases the risks of your asset liquidation.

But if you go for 1x leverage and you are patient, and you know about analyses very well. That is not gambling. Trading can be gambling but there are ways you can make it not to be gambling but trading instead.

[Olacryptoex12]

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 been profitably trading the future for quite so long now and I can say it all comes with price which either a newbie or old traders have to pay to understand how it works. It can cause serious emotion disorder if constantly encountering loosing streak infact you may quit trading for something but the important thing here to note is that others are doing it and making a living out of it, and if others can do why the stigma you can do it and I can also do it, the question you should ask yourself is that how to.
To be profitable trader as we all know certain things have to be in place among them are;

Be technically know-how and also understand how to use the fundamentals analysis to your favour for backup if not backout any day there is high impact news.

Under risk management know how much you are willing to risk don't expose all your portfolio to risk understand leverage and know how to make advantage of it. There is something with human psychology as soon we define our risk the lesser the worries.

You just have to put every odds together to work in your favour after all out of 99% of traders that come to the market only 1% won be among the 1%.

[BABY SHOES]

Futures trading is like gambling especially if you do not master all the forms of trading needed, using high leverage it is clear that you will experience huge losses.
You will feel sorry after losing a lot of money, if you want less risk choose spot trading.

I only occasionally do futures trading this is not done regularly because I know this is like gambling I mean even though many people have big profits but I admit not choosing expertise in futures trading so in general very rarely trade with high risk.

[Lakai01]

Futures trading is like gambling especially if you do not master all the forms of trading needed, using high leverage it is clear that you will experience huge losses.

Trading is - at least for the majority of us - gambling. Even very experienced traders like Brian Beamish (TheRationalInvestor) are wrong in around 49% of their trades, but right in 51%. The 2% difference is what makes the difference between successful and unsuccessful traders.
For amateur traders, the distribution is around 50% to 50%, so they trade largely for fun. Novice traders, on the other hand, lose around 80% of their trades, mostly due to the fact that they exit bad trades far too quickly or stay in the trade far too long.

[Don Pedro Dinero]

I agree with most of the responses, and with the OP, although not only that it feels like gambling but rather that it is gambling. If there are already very few retail investors in trading who earn consistently and over the long term, with futures, even fewer. They are generally fleeced by high-frequency algorithms, and nowadays aided by AI, I suppose. If you want to make money, you'd better find another way.

[famososMuertos]

Some people say, if you don't know what you're doing you're gambling... Well, there is actually a statistic that says that professional players have been successful in trading.

There is a variant in poker called NLH, no limit, that is, at any time you can put all your stake into the pot...

If you do it pre-flop, you analyze the future on the flop, then, turn and river... and on those same streets that I have named you can put money in or go all in on any of them...

So, you really know what you're doing when you come here crying that you lost your money, man, keep trying if people lose all their money in futures, it's because you have no idea what you're doing.

In futures you have three important phases, returns, losses and in the end that defines your profits.


^{I brought up the example of poker because you mention betting/gambling and it's like discrediting that idea, when good performance in it can help you.}

[Z_MBFM]

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?

Futures trading is very risky business it behaves like gambling.  Because now you can leverage up to 20-125x your own money depending on different coins.  There is a lure among those who go into futures trading now that trading with high leverage can lead to high profits quickly, as in gambling.  Gamblers dream of getting rich very quickly.  Therefore those who do not have the ability to accept that risk should not do futures trading.  Futures trading requires you to have the ability to lose all your funds.

[Lanatsa]

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?

It would be just that depending on someones perception because not all would really be having that kind of approach on things. If you do ask me about being similar to gambling then it could be partly
yes. Why? on the moment that you do step your foot above 10x leverage then this is something that talks about being risky and not all would really be that good on handling up themselves on the moment
that they will really be make use of 20x-50x or even that max 125x on which based up on experience. You would really be able to see your balance which would really be moving up like hell.
Yes, if it turns out that your trading analysis is good and the price do get on the same movement then it would really be something which is really that profitable.

If you cant be able to bare up with the risks of doing futures trading then it would be ideal that you should stick with spot. Make yourself that mastered out spot trading first before you would
be considering yourself on touching up futures trading. Similar to gambling? Yes at some point but if you do really know on what you are doing or simply applying analysis into it
then it would really be a different story.