Futures the luring Ghost

First the bad news: best estimates suggest that 90% of individuals who trade futures lose money doing
so.
Now for the worse news: This estimate may be too low.The sad fact is that somewhere along the way the majority of traders make one or more critical mistakes in their trading, which cause their losses to exceed their winnings.The good news is that the mistakes that cause most losing traders to fail are quite common and readily identified.
.The better news is that by being aware of the potential for making
these mistakes and by taking steps to avoid them, you can make a great leap towards becoming a more consistently profitable trader. Target to achieve is
to become a more successful trader – not
necessarily by trying to be a “good” trader, but trying how not to be a “bad” trader.

the high rate of failure among futures traders can be attributed
primarily to three factors:

• The lure of easy money
• The lure of excitement
• An utter lack of preparedness to deal with the potential downside
Unfortunately, it seems that many individuals are lured into
futures trading for a lot of the wrong reasons.

Let me try to explain with an example!!

Suppose someone offered anyone who shows up the
opportunity to drive an sleek Ferrari race car around the track
with the promise that the person with the fastest time will
receive a Rs 1crore prize. Will a lot of people show
up to take a shot? You bet(Many would be present just for the adrenaline rush).
Will most of them be truly
prepared for what they are about to do? Not likely. Will
someone win the Rs1crore? Of course. Will 90% of
the drivers fail to make it to the finish line?

Welcome to the exciting world of Future speculation!!!