I agree.
All I have traded, since I started trading has been options spreads & naked long options.
I can't get myself to trade futures. The idea of losing more than what is there in my account scares me.
Forget stock/index futures, I cant get myself to trade currency futures (which are known to be extremely low volatile compared to equity) even on 2:1 leverage. Just a few days back, the Argentina Peso fell 11% in one day.
Not sure if it is some sort of a phobia I have.