#美国政府关闭 Futures Trading: The Pitfall That Newbies Are Most Likely to Encounter

Data doesn't lie - over 95% of Futures Trading newbies will exit within three months.

I've seen too many stories like this. Some people only sleep for two hours every night, with their alarm set to go off every 15 minutes. Their eyes are bloodshot, and the ashtray is filled with cigarette butts. Whenever the market fluctuates, their heart races out of control, fearing that their account will go to zero in the next second. Family dinner invitations are pushed back one after another, and the rhythm of life is completely disrupted.

A more realistic case: a delivery worker saved up 3000 yuan to test the waters. After a liquidation, he returned to square one, wearing his grease-stained delivery uniform to continue taking orders. If he gets an order wrong, he gets a 50 yuan penalty, meaning he has to complete 10 more orders to make up for it. By the time a real opportunity comes, he’s already out of bullets.

Credit card overdue, borrowing money from friends, using parents' savings… these situations sound like jokes, but they are not uncommon in this circle.

The excitement of Futures Trading is indeed strong. It may multiply by 50 overnight, or it may be wiped out in an instant. Many people, after experiencing consecutive liquidations, both curse themselves for being impulsive and rush to recover their losses. This vicious cycle begins.

For newbies, 10x leverage is like a double-edged sword. As long as the market fluctuates 10% in the opposite direction, the principal is gone. Those with insufficient market experience find it difficult to judge when a "spike" will occur. Often, just after being forcibly liquidated, the price rebounds.

Margin mechanism, delivery rules, funding rates... these concepts are too complicated for newbies. If you don't understand one detail, you could lose money for nothing.

The logic of spot trading is much simpler. The risks are transparent; at most, you will lose your principal without incurring any debt. The operational aspect is also straightforward: buy at low points, sell at high points, and profit from the price difference. There is no need to calculate leverage ratios or monitor margin rates, allowing you to focus on studying the market itself.

More importantly, the pace of spot trading is slow. This slowness can help newbies avoid emotional trading, prevent the impulse to chase highs and sell lows, and cultivate a long-term perspective.

As a newbie entering the market, the core task is to accumulate experience and establish a cognitive framework. Spot trading is a risk-controlled practice ground that allows you to grow steadily. Futures trading, although exciting, can likely cause you to break your leg before you've even learned to walk.

Don't be blinded by short-term high returns. Starting with spot trading will allow you to go further in this market.