Statistics show that about 95% of traders lose money, and using leverage only increases the risk of losing your entire deposit. While high leverage offers the potential for big gains, in reality, it often leads to rapid losses. Most traders overestimate their abilities, and the market is unforgiving to those who take excessive risks.
Losing money in Futures trading is more painful than losing money when playing slot gambling.
Because losing money in futures is so fast if we don't do a Stop loss because day by day we see our assets being drained with a very strong decline.
However, it is different from losing money when playing slots because we can enjoy the pleasure we get when playing slots. In slots we can achieve big wins if we get lucky when playing slot gambling.
to add that in the case of slot games while the person is playing with small amounts of money in each section, the person can spend many hours playing, while in the case of futures day trading, things happen quickly, in a few minutes the person loses all the money and has not had fun because day trading is not something for fun.