In the long run, the stock market is rising. For example, the Shanghai Composite Index rose from 100 to 3,000 points now (once reaching about 6,000 points). Therefore, in the long run, stock trading is profitable.

Futures itself does not generate value, which is a zero-sum game. The money earned is compensated by others, and the handling fee has to be paid, so the whole is a loss-making buyer, so the income of futures is not as good as that of stocks, and the greater the leverage of futures, the easier it is to lose money.