Why do people play #Future knowing that 99% will lose?

1. The Ability to Earn "Huge" Profits Through Leverage The futures market allows the use of financial leverage, which means you only need to deposit a small portion of the value of the position (margin), but you can control a contract volume many times larger. For example: With a leverage ratio of 1:20, just 1 million VND allows you to open a position of 20 million VND. A winning order of 5% can yield a profit of 100% of the initial capital. This opportunity of "small investment, high profit" is so attractive that many people gamble on a "life-changing" outcome after just a few clicks. However, the opposite scenario—losing all capital—can also happen very quickly if the market moves contrary to expectations.
2. Illusion of Control and Overconfidence Many new traders believe that all they need is: Learn technical analysis techniques such as price action, fibonacci… Follow a specific trading strategy Maintain discipline in entering/exiting trades. then you will be in the top 1% of winners. This belief is not entirely wrong, but: The market is always in complex fluctuations, influenced by countless economic, political, and psychological factors... Accurately assessing one's own capabilities and managing risks is often overlooked. High confidence sometimes turns into recklessness, without a clear stop-loss plan. The result is that many people underestimate ( the risks and overestimate ) their personal skills.
3. The Vicious Cycle of "Cutting Losses" After a series of losing trades, the mindset of "must recover" drives the trader to open new positions with: Higher leverageGreater volume They hope that a winning trade will "make up" for all the losses. But: The impatience mentality makes decisions increasingly lack clarity. Mistakes in timing ( entry points ) often repeat. Small initial capital quickly "evaporates" after just a few attempts to recover. Once too deep into it, traders lose the ability to recover, leading to account liquidation.
4. "Addiction" to Winning Feelings and Dopamine When you win a futures trade, the brain immediately releases dopamine—a substance that creates feelings of "high" and satisfaction. This mechanism is similar: Gaming addiction: each victory brings excitement. Gambling addiction: each win stimulates very strongly. And then, no matter how much they lose, traders still want to be "happy" once again. The feeling of frustration after a loss is quickly replaced by the desire to try again, leading to continuous trading behavior that becomes increasingly unstable.
5. The Power of "Controlling Public Opinion" of Social Networks On Facebook, YouTube, Telegram, TikTok...: KOLs often only flaunt their quick wins. They illustrate with figures of virtual profits, not mentioning margin calls or account blowouts. The "private groups" continuously share divine strategies, creating the belief that "anyone can get rich."

Meanwhile, the devastating failures and account liquidation orders are rarely recorded. As a result, newcomers increasingly believe in the "magic wand" without noticing the brutal downside. 📌 Conclusion Futures trading is not a game for the masses. It is a brutal battle of psychology and risk management. If you do not respect leverage, you can easily be "thrown off" after just a small fluctuation. If you overestimate your personal skills and ignore discipline, you will fall into the trap of delusion. If you let emotions control you, you will always be on the sidelines of the winning group. The future is not at fault; the fault lies entirely with the participants themselves—if you are not adequately prepared with knowledge, skills, and a strong mindset, it is best to stay on the sidelines and learn more before deciding to "go big."