1. goal: ultra-short-term futures trading aims to make profits by pursuing short-term price fluctuations. Traders usually buy and sell in a short time, looking for opportunities for price changes in the short term. The goal of speculative trading is more extensive, that is, to obtain greater returns by holding assets for a long time, or to capture greater trends through longer-term trading.

2. Holding time: The holding time of futures ultra-short-term trading is usually a few minutes or hours, which is very short. Traders will frequently go in and out of the market to take advantage of short-term price fluctuations. In contrast, speculative trading is held for days, weeks or even months in order to capture longer-term trends.

3. Trading frequency: Futures ultra-short-term traders usually conduct a large number of transactions in order to obtain a small amount of profits in a short time. They will trade many times a day and buy and sell many times. Speculators trade less frequently and pay more attention to long-term positions and trends. The transaction frequency is weekly or monthly.