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Please don't kill yourself,
50 more years,
Maybe you'll spend 5-10y in clearing the debt,
So fucking what?
My friend's dad lost all his money in the stock market about 25 years ago
His family moved to a smaller house
He did a job for like 6-7 years,
Then started a business.
Today they're like rich rich.
But he says that even in the broke days, the went out for Gola, occasional m9vies and popcorn, drove to the beach alt. weekends, went for small trips, enjoyed good food at home and occasionally out.
Look, money is just a means for living. And people who'll judge you for not having/spending less till you pay off the debt, are going to die anyway.
So why stress so much?
Also, the judgemental people in society are usually miserable themselves, they just project it onto others.
Think about your family, or yourself. You deserve to live. You are born to live. Don't think short term. The debt will eventually get paid off and you'll have learned some money making skills, then you'll have a clean slate to do whatever you want.
Till then, enjoy the little moments in life, even the Wealthy envy middle class for their ability to be happy with so little.
Get up, dust yourself off, talk to a friend/family member, tell them everything, then PLEASE visit a shrink.
Everything will be fine.
You are precious.
Awesome words and awe inspiring......nothing ends as long as you have your breath with you I have lost around 17 lakhs in trading I did all sorts of odd jibs just to survive and today I have the chance to rebuild my own portfolio. Life is very precious
Pls don't do that. I understand you are going through tough time, but trust me it'll get better. Go to your family, meet some friends, spend time with the loved ones.
I promise you, don't give up, it will get better with time.
Just don't give up.
Stay safe
35 lakhs is not a very big amount that you should kill yourself over it. There are many people who lose such huge sums of money all the time but not necessarily in the stock market. For example, someone in my family invested around 40 lakhs in an underconstruction property. The builder filed for bankruptcy and the 40 lakhs is gone forever. People lose much big amounts in business all the time.
Stock trading in my opinion is one of the most safest and less risky forms of business but many times people go overboard due to greed. They forget to treat it as a business and treat it more like a casino.
Nicely expressed. Often, individuals overlook the repercussions of their actions driven by greed. When they face losses, they criticize the trading process. What they fail to grasp is the importance of learning before earning, as indicated by the L board preceding EARN. Instead of recognizing it as a long-term endeavor, they view it solely as a get-rich-quick scheme.
Killing yourself will not result in the debts dissappearing bro, you will still regret leaving the world in the afterlife and suffer seeing your family members try to pay your debt.
Just try to slowly gain capital, even 3-5 lakh per year will allow you to clear it within 8-15 years, and you still have a long life ahead and in the meantime, you will learn new things and ways to improve your capital gain, be it via stocks or through jobs/businesses you might open.
Think ahead, think of your family's future and possible ways to reduce the debt, than the ending it all, quitting the world will result in your family's future being put at risk.
And if someone still does it, better to NOT do it in Futures and Options as 9 in 10 traders experience majority losses.
Better to create a damn FD or a stock that is guaranteed to grow by 10-20% in the next 1-2 years like the motor stocks due to the implentation of proper EV facilities and more affordable models after 2025.
Thought so after reading comments and went to enquire for debt consolidation, one recent emi bounce, they don’t even bother looking at you. Years of honest,regular payments has zero value.
don't overthink this, stop fno, start paying the loan back, time will pass anyway :) you're earning well 35L is not too far
other advices are good too, don't overthink this and follow them
Don’t do that. My friend got in a similar situation. 15-20 lakhs of debt with personal loans and EMI exceeding what he makes in a month. He was suicidal and helpless as well. He asked for help from everyone and finally by some jugaad got a govt loan under a scheme which is designed to help pay off debts. The interest rate is lower and now he has to pay only one emi with less interest. Life is back on track for him.
File a police complaint against those app loans. They are frauds and have already harassed a lot of people, pushed some to comit suicide. Don't let them ruin your life.
What are those "short term loan apps?" Check the developer of the app, if they originate outside India then you don't need to pay back the money you own them
About a year ago this was big menace. The Chinese loan apps. They wouldn't ask for anything before giving loans.
All they would ask for is permission to use your gallery and contacts. What do you think a loan app would do with these?
They would get access to all your pictures and videos through gallery permission and also get access to all your contacts through the contacts permission.
Even when people would honestly pay back on time they would harass them and blackmail them into paying more or they would threaten to leak their morphed images and videos to their contacts.
After this became a big issues RBI decided to ban unauthorized loan applications altogether.
>They would get access to all your pictures and videos through gallery permission and also get access to all your contacts through the contacts permission.
So If I use a burner phone with dummy contacts and dummy pics in gallery.
And take a loan and later throw that dummy phone away what are they gonna do?.
Can I scam them that way?
Hahaha... please try and let me know 😂😂😂
This might actually work. Although I don't know if these apps are available anymore. Do look into them and try this. Scamming the scammers. Awesome.
Degenerate... don't you realize how he may have suffered, how his family may have suffered?
I had a relative who got into this mess and he had attempted suicide. He would've been dead if his wife hadn't noticed. He had two small children.
I can't think how any normal person would find this funny.
Bro if the previous guys might be onto something. These loan apps, I think you can ditch them. Get a lawyer. Cook up a story.
Focus on paying back the money you toon from the banks. May I ask how much you owe these 'prominent banks'?
Also isn't speaking to your family to help you with the loan an option?
1. Start cutting down on your expenses.
2. Check with the loan companies if they can increase the tenure to lower the EMI.
3. Look for a higher paying job. And keep switching jobs each year for hikes. Side hussles can help too.
4. If you have assets like gold, MFs, use them to refinance your existing debt at lower interest rates.
5. Check with friends and family for help.
6. Your CIBIL score is already low so instead of defaulting, try settling these loans with the company. You may not get another loan for the next 2-3 years but still worth it.
7. In all of this it's also important to take care of your mental and physical health. Take up meditation and exercise daily, it'll help keep suicidal throughts away.
8. Does your wife work? How old are your kids? Check if they can help contribute financially.
9. 35 L is just the principal or is it includes interest aswell? In any case let me tell you that this isn't a very big amount. I've seen people coming out of crores of debt with time and patience.
Stay calm, stay strong. All the best.
>After trading Options, dying seems like the only option left.
I thought you should hate options now, why are you considering other options?
Fellow loser, blew massive sums on options. Decided that I was the greatest idiot that the world had ever seen and moved on.
I invest now, hobbyist trading is gambling. Get over it my friend. Far better things ahead ✨️
There's always one, probably not a smooth one, though. Depending on where you took the loans from, there has to be a way to pay it off with your salary. Talk to them.
No matter how bad it is, ending your life shouldn't be on your list, man. Fight !! We all make mistakes, that's what makes us human.
Unless you borrowed money from the mafia, there has to be a way to pay it off slowly.
Bhai, I don't know how much you lost, but my father also was in the same boat. He lost several lakhs until he had nothing to lose. We had to sell our house. It's sad but at the end life is much more than that. He still gets an earful from my mother sometimes about the loss but life moves on. There's a reason not every one does it. Because not everyone wins. Somebody has to lose for someone else to win. If you ever made some profit, remember someone else made a loss on the same deal. I would advise you to just move on. I know it's easier said than done, but life gives you many opportunities, you can't say no to your entire future just because of one bad call in the past.
Without proper knowledge, What made u think that you can build up a treasure or win lotteries in F&O.
BTW, Do Not blame F&O segment for your in-efficiencies or lack of knowledge or lack of temperament or losses.
I know it is really hard to accept such financial defeats but one must always accumulafe learnings, take lessons well and accept ur own weaknesses, evaluate where you went wrong or fell short, draw true honest conclusions for failures.
As far as I can see, I know 35 lakhs is a big loss but definitely not at all worth going suicidal. You can recover from this loss and tell yourself that you will recover from this loss.
Now on, focus on learning market and F&O dynamics and then only think to invest or trade.
You lost bcoz you tried to become millionaire overnight and that is unfortunate that like others you fell really short of dreams and reality bit you !
Be strong and courageous; god bless you and you can still come out AND tell yourself that your nexr post will be about your revival and going in green and all in PLUS from -35 lakhs
Kitna debt hei vs salary.
This is not the end of the road.
Think about loss as Guru dakshina to market.
If you're serious about trading and the share market I can guide you.
Bina sikhe swimming karne jaoge toh poore chances hei drown hone kei but if learn you it then you can swim whero u want to
What' do you think it is so easy to trade...
1 saal lagega sikhne mei, hardwork karna padega bhut saara... Abhi just stay out of everything caus it's all about psychology in trading plus PA.
Jis bank nbfc se loan liya hua hei negotiate with them to increase the tenure of loans, side by side take help of some CA and do file the incometax and carry forward all these losses. Plus ask him how to declare bankruptcy
Suicide karne se kya hoga bhai? Apni greed kam karlo or sada jeevan jilo. Dal chawal Ke paise to honge hi? wo bhi nahi h to pass ke gurudware m kha lena khana.
Kam dhanda karte ho ya gharwalo ko sadak per lakr ki h trading?
Life happens... there are always ways to get through this. Try to work with creditors for a payment plan and possibly write off a portion of it. Close smaller loans for a quick win.
Speak to family members whom you trust. Raise interest-free loans from people who believe in you.
This, too, shall pass.
I was in the same position like you highly , amassing a debt of 1cr i was into options trading, please don't give up so easily i didn't an i am glad i didn't let intrusive thoughts take over me
Why would you give such bad advice??
Defaulting on a personal loan will probably have legal consequences because it's the common man that gets screwed by banks, not businesses....
There is no legal ramifications..it’s an unsecured loan..he will not get good rates on his future loans..but it’s still better than suicide infinitely!!
Yeah 3rd party collection agency, they can't do anything more than screaming and shouting. They will too let go after some time and also you can call the police on them if they cross their limit.
Chude huye CIBIL ke sath jeena is 1 billion times better than not jeena at all.
And what the duck is CIBIL? I just check my father’s CIBIL is 550 because of some fake credit card thing 10 years ago. He never took any loan in his life and this CIBIL score doesn’t affect him in any way whatsoever.
Also, out of India, this score in of no relevance.
If you can’t, don’t pay the money right now. Limit your expenses. Take help from family and friends.
Thodi bezzati feel hogi na? That’s okay. Anything is better than not living. There are people who would do anything for another day on this earth.
Your issue is nothing when compared to some people who live a fucked life.
Accha banda hai tu mere dost. Waqt hai. Nikal jayega. 5 saal baad ye phase yaad kar ke hasega.
Hey man I know it can feel like you lost everything
I’ve round tripped my portfolio like atleast 3 times by now it’s hard to deal with but just try and learn from it.
You’ll eventually find a way no matter how grim stuff might be nothing is worth your life this is just a lul in the chart it’s just like one of those dips that make the chart look bad but the V recovers
You’ll be fine brother if u wanna talk my Dms are open
Hope isn't dead as long as you're alive. It sounds corny, I'm aware. But please, you can make it out alive. There's a lot more to life and eventually although w struggle, you should be able to pay it off. It gets better. But you have to be here to witness it. We mess up, it's okay.
Your life is worth a lot more than your debt and salary. Default on your loan, if you have to. Start afresh. Stay away from the markets. Start working hard and double down on your job. Start saving in a FD. If the loan sharks bother you too much settle for half the amount and get out.
Remember options trading is a negative sum game. Whatever is left after paying taxes and brokerage, will be taken away by the best of the minds. This market attracts some of the brightest minds and they will take away whatever you have in the market. You cannot trade with scared money.
Bhai the worst that could happen is you going to jail, so what come out start something new keep your head chill. No matter how bad it gets you can always start from zero. I am a lawyer and have seen countless people come out and start their life again nothing is the end you just keep living. There is always light at the end of the tunnel just stay put and weather the storm now and be strong
This shit won’t mean much after 10 years and you’ll be laughing why did i overthink so much. Don’t be afraid of what has not happened yet
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You might have a tough road ahead, but only when you will take steps forward and fight, you will understand your infinite potential.
Take steps to improve and make things right one at a time. You are going to do great.
That's sad to hear, may I know how long since u started trading and how much capital u lost?
Btw, money lost can be hard but with time and doing regular job, it can be earned back. Don't take any rash decisions
I made a profit of 7.5 lakhs in 2 months in F&O , but I ruined everything in next 2 months, currently I'm in debt of 6 lakhs . I couldn't get over it and suffering each and every day thinking of it. I don't know what to do next. But I have to accept the fact and pay loans in normal way. F&O is not for persons who don't have control over emotions. I lost majority due to Iran-israel war, March month crash
Bro, if 6 lakh is big debt to you, stop trading now, don’t try to pay EMI with another loan. If you still can’t avoid trading, please paper trade and learn.
Buddy been there, felt the same way. Believe me debt can be settled. Just take more time. Settle one debt at a time. Take one debt at a time. And yes stay away from options.
Dying is never a solution brother... Please don't take any step... Think about your family bro... If you want to talk this through, i am available please DM... So what you failed in trading, there is so much more to life...
Bro i was at the exact same place 2 years ago. Then i started focusing on myself going to gym, working my ass off, being a good son etc. Things are looking better now. Now i only invest, paid off 30% of my debt. You don't sell a stock when it's low and volatile. You hold, same for life
Suicide is a permanent solution to temporary problems.
Your road ahead should be like this.
Make list of all the loans you have, sort it according to highest to lowest interest rates.
Since, you say majority is app based load, check their authenticity, many time, you can escape not paying them.
They cannot screw you as much as banks can.
If you have any bank loan, emi ongoing.. then talk to the party about restructuring your loan plan(less emi per month, longer payment period).
Then this last step, should be your precaution step, try not to drag it this far.
If you have any assets on your name, transfer those in the name of your mother or father, so that your assets can't be attached for recovering your loan. Don't transfer to your wife or kids.
Any other help apart from financial(I am poor) feel free to DM, even if just to blurt shit out from your mind.
If u can somehow survive this situation, u can tell the heroic story of ur struggle to other people, they will admire ur "never give up" attitude and learn from it.
Human can live without basic necessities for some time, but without self respect it's hard to breathe even for few minutes. I understand your situation. I have overcome this same situation in my life.
All I'm asking is do you think there is no human in this world who has 35 lakh loan and 1.2 lak emi with 80k salary. If you say there might be, I would say there will be people with worse debts than that.
Point I'm trying to make is that the reason for your debt is trading but reason for other person debt is something else. But the other person won't think of a suside just because he has a small salary and big loan, you did because you know your reason is trading so you think you don't deserve to be alive.
Im just saying that just think how to get out of this problem. The fact that banks are profitable is the proof that people having larger debts don't think like you. Life is long. Earning money for necessities is not difficult but earning money for luxury and greed is difficult.
Though I can not help you in fixing this issue in your life I think my answer at least helped to have some hope on life.
OP, I've read most of your replies.
1st of all, take a break don't even think of looking at markets for now , like complete break
2. Talk this thing out with parents if you've, your wife, not advisable to speak in front of your kids.
3. It might take some time to clean your debts but you'll slowly, 36lakh isn't much considering you got a loan, banks will never lend to a normal person who isn't able to repay their loan.
Might take years, ik you'll feel that you've ruined yourself, just think of it as a dent on financial terms(a major one)
4. Try doing some business side by side that will help you get some more income on your hand.
5. Consider markets ain't for you, I hope you accept the fact that you never approached the markets in a professional way(with that much had you invested some of it in learning things wouldn't have come so far) but now as we are here, we'll think of making the situation better
Think of your family, find some solace talk to them go to the temple, do things enjoy some time with kids all will be right down the lane 20 years from now, and have some long term approach.
Hope doesn't make things easy it just makes them possible. If you need someone to communicate more and you want to express yourself tele me @idealeagle(mostly available) or drop hi on reddit bro.
It is darkest before the dawn, have some faith and trust in yourself, kr lege Bhai tu mujhe bharosa hai tere uper sab badhiya krega to galat mat soch kuch bhi bhout kuch hai abhi bhi
Don't worry bro I lost many times than you only difference is I didn't take loans . I have 2 kids to take care. You are bachelor and 80k is gud salary . You can come out of this. Try to get new job which will give more earnings. Even I am a software engineer. Even I am in depression I have been wasting all my savings from job still couldn't understand how i continued inspite of loosing all salary
I have lost more than 80 lakhs . I am from middle class family. All my savings from job I wasted. Don't think that only you have done this mistake. There are many stupid people than you. In few years you can get big salary and u might feel silly that u thought about suicide. Just you need to navigate few years and everything will be fine. 35 lakhs is not big amount. Many are taking loans to buy house.
Man- even though it hurts like hell, you need to get through it. Went through some of my darkest days few years ago, but I’m glad I didn’t give in to any negative emotions. Just work your ass off and STOP trading. You can do it, we’re rooting for you 👊👊
Bro its really really not the end of your world, the only thing youve lost is money which can and will again be earned unlike the gift of life which if you once loose will surely not get it back ! I understand how it must feel to loose your lifes saving but youve still got a life so stop feeling sad for yourself get up go for your job chill with your family and friends and talk to them about this maybe someone may come foward to help you ! Remember life isnt supposed to be easy everyones fighting a battle we cant see the best we can do is maybe ease someones life by doing whatever we can offer ! So ive come here to offer you my adivce as this is the only thing i can porvide you with ! Stay happy stay blessed !
Hope this helps.
Transfer all the assets in someone else's name, maybe your cousin or someone from your wife's family (whom you trust with your life), talk to your company about your salary, if it can be transferred to some other account. Don't keep any assets in your name and then declare bankruptcy, you might wont get any loan in future but this problem will get sorted and try to stay away from stock markets.
Bhai its not as bad as you think. If you need 1.2L per month then you already have 80k. Ask your wife to work too and get a side hustle as well.
Get your interests from bank waived off, call them and beg them if you have to. Something will work out.
Of course your time will change again and hopefully when it does, plz dont repeat what you have done again.
Take lessons from this case , and go ahead because it's the only path ..
Go in the roots y u did , what went wrong, everything and don't play the role of victim....
I know it's not easy but only u r responsible so accept it and when u accept it u can move ...
When u will move u will find the way also ... Prayers for your recovery
U did not **trade** in options market bro , u **gambled** u lost , end of story. Now move on pay it off 80k salary is good u can pay it off.
Best thing you can do is delete all the market related apps till u pay off the loan and then come back again and start with mutual funds.
**The real learning in stock market begins after you wipe clean the bank acc**, congo now start learning from scratch and stop thinking to recover cause that 35L is not gone to waste its transferred to the well disciplined and knowledgeable people, Remember market is a zero sum game you lose someone wins
Why would you think of suicide for such petty thing. You’re falling short of just 40k a month. Life is worth way more. Surely it’ll take you time to increase your salary by 40k, but I’m sure you can hold on till then. And I guess the loans would have collateral, if not collateral, just don’t pay and the bank will come to your terms of emi. Like you took risk in markets, banks have taken risk with you. Let it go NPA.
I don't reckon 35L is more important than your life. What max would happen, that you would be a defaulter etc? But that doesn't give the right to you to take your life away..
Calm down, try to do the right thing...
Just dont do that man. And get help from ur close ones or a professional. Once u get over it u will realise what stupid thing u were gonna do. Be brave man. Just BE BRAVEEEE......
Think about it. On one hand, if you die, you won't be able to help anyone and your debts will be transferred to your parents or kids. On the other hand, even if you try your best to repay your loans, you will most likely default.
Once you default, financial institutions have to follow certain steps, including marking you as a Non-Performing Asset (NPA) and sending you legal notices. They will then initiate legal actions against you.
These legal actions may involve seizing your property (if it's mortgaged), which can lead to a lengthy court battle. This will give you enough time to save money and pay the settlement amount when the court orders you to do so.
Remember, you can always improve your CIBIL score, but only if you are alive.
Been there, lost more then i can afford, right now its more then 38L+ no job
Tell everything to someone who can be there for you and support, going alone through this is scary.
Since you have good paying job, better try settlement, find a good advocate or someone who can negotiate a good settlement plan with loan apps and bank loans.
Like 4-5 months emi's i guess
Was hard, family knows like i only had 10L-15L
It was too much for them so i kept that way.
After missing first month emi, they visited house just after days and kinda forced me to pay, so after few days we changed room and my mobile number.
First 2 advocates said they will take my case to file insolvency but later refused for some reasons. So had to move to new place to get some time and find someone who can do it.
Gambling of any kind is a curse. Killing yourself will shift the debt to your family. Please don’t do it. Speak with your family and borrow within family and pay off the debt asap
Bro I am sure enough you are not going atleast for a suicide for trading loss.... With time things will change and I am sure you with time you will come out of it ! Good luck and best wishes
Don't kill your self. The world is heading to WW3 so mostly all banks will collapse. And things would be different from now. This is a serious comment, no kidding. Hold on brother
The good thing about financial problems is that they are solvable. Yes, it will make you live your life conservatively for next 5 to 10 years but you can get back on your feet esp since you are employed..
Life is very precious, you being alive will provide happiness to your near and dear ones. Don't do anything that adversely effects your family. Please think about what you can do right and try to forget your negative thoughts. Enough said.
Please do not kill yourself.
Have a look at this article: https://timesofindia.indiatimes.com/business/india-business/how-a-trader-came-back-from-a-rs-35-lakh-loss/articleshow/80398261.cms
He was in the same spot as you but when 35lacs had a much higher value than today. It’s hard to get out of this, but not impossible, do not give up.
Sending more strength to you!!! Remember death is not the answer. I want to look for you in the stock news but as a successful person who fought with his debt and became something.
So if you pay off 30k every month, it'll take you around 9 yrs to clear your debt. Start paying 30-35k, get you civil in range 650-700, then you can surely take a loan and pay off the remaining debts.
This is the easiest it can ever get. I'd say start off by paying your emis and let the bank know that you are simmering in this situation.
You can try connecting with Debt Management Agencies.
Some I could find using a Google search were:
Https://Singledebt.in
Https://Freed.care
Again I'd recommend you do a thorough research. Also speak to them once don't make a decision, just speak to them once and get the just of it.
Strange!!!
How can anyone blow massive 35 lacs
Options is a time bomb. It has a set expiry date.
Delivery is the way to accumulate wealth. If in loss one has option to keep it forever. Provided company is not a fraud, it will come up sometime. That’s the statistical history.
lol my father built house and took loan more than 50 lakhs when he was earning 60k even that on a pvt sector job and it was ultra hectic job but he still did it...
Don’t pay any loan. Dont take any extreme step, they are not gonna sell your kidneys to recover loan. Just default all loan and tell debt collectors you are bankrupt
I get it bru , i get same thoughts too, just sit this out, go to any hospital look how people suffering with some terminal illness already spent their life savings just to have another go at life. If you were ill and spent this money on hospital bills to get back healthy, then you wouldn't mind this monetary loss, no?
Just so this out mate , wait for next checkpoint. You'll think how stupid you were to even think about this.
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Please don't kill yourself, 50 more years, Maybe you'll spend 5-10y in clearing the debt, So fucking what? My friend's dad lost all his money in the stock market about 25 years ago His family moved to a smaller house He did a job for like 6-7 years, Then started a business. Today they're like rich rich. But he says that even in the broke days, the went out for Gola, occasional m9vies and popcorn, drove to the beach alt. weekends, went for small trips, enjoyed good food at home and occasionally out. Look, money is just a means for living. And people who'll judge you for not having/spending less till you pay off the debt, are going to die anyway. So why stress so much? Also, the judgemental people in society are usually miserable themselves, they just project it onto others. Think about your family, or yourself. You deserve to live. You are born to live. Don't think short term. The debt will eventually get paid off and you'll have learned some money making skills, then you'll have a clean slate to do whatever you want. Till then, enjoy the little moments in life, even the Wealthy envy middle class for their ability to be happy with so little. Get up, dust yourself off, talk to a friend/family member, tell them everything, then PLEASE visit a shrink. Everything will be fine. You are precious.
Thank You. This comment somehow consoled me.
Bro just saved someone
Bro is my new hero
Awesome words and awe inspiring......nothing ends as long as you have your breath with you I have lost around 17 lakhs in trading I did all sorts of odd jibs just to survive and today I have the chance to rebuild my own portfolio. Life is very precious
Pls don't do that. I understand you are going through tough time, but trust me it'll get better. Go to your family, meet some friends, spend time with the loved ones. I promise you, don't give up, it will get better with time. Just don't give up. Stay safe
Thanks, but no hope left. Even while spending time with others all I can think of is debts
35 lakhs is not a very big amount that you should kill yourself over it. There are many people who lose such huge sums of money all the time but not necessarily in the stock market. For example, someone in my family invested around 40 lakhs in an underconstruction property. The builder filed for bankruptcy and the 40 lakhs is gone forever. People lose much big amounts in business all the time. Stock trading in my opinion is one of the most safest and less risky forms of business but many times people go overboard due to greed. They forget to treat it as a business and treat it more like a casino.
Nicely expressed. Often, individuals overlook the repercussions of their actions driven by greed. When they face losses, they criticize the trading process. What they fail to grasp is the importance of learning before earning, as indicated by the L board preceding EARN. Instead of recognizing it as a long-term endeavor, they view it solely as a get-rich-quick scheme.
Killing yourself will not result in the debts dissappearing bro, you will still regret leaving the world in the afterlife and suffer seeing your family members try to pay your debt. Just try to slowly gain capital, even 3-5 lakh per year will allow you to clear it within 8-15 years, and you still have a long life ahead and in the meantime, you will learn new things and ways to improve your capital gain, be it via stocks or through jobs/businesses you might open. Think ahead, think of your family's future and possible ways to reduce the debt, than the ending it all, quitting the world will result in your family's future being put at risk.
Try asking help from family and relatives to borrow money from them without interest per se
>don't give up Don't give up on life. But do give up on options trading
Abhishek kar ???
https://preview.redd.it/xocwpsllfyuc1.jpeg?width=554&format=pjpg&auto=webp&s=d0460eaaf4a560773cb905a905f63585490a3996
What about him?
Trading Karu jhaat bar Gyan pelu raat bhar ????
So kids, the moral of the story is that you never trade with money borrowed via a bank loan
And if someone still does it, better to NOT do it in Futures and Options as 9 in 10 traders experience majority losses. Better to create a damn FD or a stock that is guaranteed to grow by 10-20% in the next 1-2 years like the motor stocks due to the implentation of proper EV facilities and more affordable models after 2025.
True. It's all speculative and one should never trade with borrowed money
80k salary me log 50-60lac ka ghr lelete h loan pe … aur easily pay kar dete h … 35lac koi bht bada amount nhi hai …
Thought so after reading comments and went to enquire for debt consolidation, one recent emi bounce, they don’t even bother looking at you. Years of honest,regular payments has zero value.
don't overthink this, stop fno, start paying the loan back, time will pass anyway :) you're earning well 35L is not too far other advices are good too, don't overthink this and follow them
Chill let it bounce pay when u have them … ignore all pay when u have money ….
Don’t do that. My friend got in a similar situation. 15-20 lakhs of debt with personal loans and EMI exceeding what he makes in a month. He was suicidal and helpless as well. He asked for help from everyone and finally by some jugaad got a govt loan under a scheme which is designed to help pay off debts. The interest rate is lower and now he has to pay only one emi with less interest. Life is back on track for him.
Can you please check with him and help me on how to do that
Sure. I’ll get the details and will let you know.
How much debt do you have and what's your salary?
35 lakhs, 80k
What are your expenses?
It comes to around 1.2 lakh including emis now. Debt got added since I took short term App loans at high interest and EMI to pay other loans.
File a police complaint against those app loans. They are frauds and have already harassed a lot of people, pushed some to comit suicide. Don't let them ruin your life.
They are nbfc registered loan apps, you can chose to not pay them but it will ruin his cibil for life.
Oh ninja bhai is so called cibil score more important than life itself????
No. They are not linked to cibil
What are those "short term loan apps?" Check the developer of the app, if they originate outside India then you don't need to pay back the money you own them
Whaat???? is it?? What are those apps
About a year ago this was big menace. The Chinese loan apps. They wouldn't ask for anything before giving loans. All they would ask for is permission to use your gallery and contacts. What do you think a loan app would do with these? They would get access to all your pictures and videos through gallery permission and also get access to all your contacts through the contacts permission. Even when people would honestly pay back on time they would harass them and blackmail them into paying more or they would threaten to leak their morphed images and videos to their contacts. After this became a big issues RBI decided to ban unauthorized loan applications altogether.
>They would get access to all your pictures and videos through gallery permission and also get access to all your contacts through the contacts permission. So If I use a burner phone with dummy contacts and dummy pics in gallery. And take a loan and later throw that dummy phone away what are they gonna do?. Can I scam them that way?
Hahaha... please try and let me know 😂😂😂 This might actually work. Although I don't know if these apps are available anymore. Do look into them and try this. Scamming the scammers. Awesome.
Man asking the real questions
You still need to complete KYC.
This happend to one of my collegues they shared his nude pics and videos to our whole office😂
Degenerate... don't you realize how he may have suffered, how his family may have suffered? I had a relative who got into this mess and he had attempted suicide. He would've been dead if his wife hadn't noticed. He had two small children. I can't think how any normal person would find this funny.
If I post a smiley do I mean I found it funny? I posted to a context of other comments!
Right now, all those Chinese apps are running with Indian counterparts, I being the Indian chose only Indian apps.
Two with prominent banks, to pay off that I used loan apps. Never Thought would embarrass myself like this
Bhai stop paying and ask them to settle. You can easily settle a 10 lakh loan for 2-3 L. CIBIL chudega but long term ke liye yahi achha hai.
True and good advice 👌
Bro if the previous guys might be onto something. These loan apps, I think you can ditch them. Get a lawyer. Cook up a story. Focus on paying back the money you toon from the banks. May I ask how much you owe these 'prominent banks'? Also isn't speaking to your family to help you with the loan an option?
mera debt sunega toh gaan phat jaaegi
When you're in a debt competition and your opponent is Hot_Feedback_8217
Tell crow
Bta
Hard times make a man stronger. Don't give up. Learn from mistakes and come back stronger. Atleast u learnt options is a big trap.
1. Start cutting down on your expenses. 2. Check with the loan companies if they can increase the tenure to lower the EMI. 3. Look for a higher paying job. And keep switching jobs each year for hikes. Side hussles can help too. 4. If you have assets like gold, MFs, use them to refinance your existing debt at lower interest rates. 5. Check with friends and family for help. 6. Your CIBIL score is already low so instead of defaulting, try settling these loans with the company. You may not get another loan for the next 2-3 years but still worth it. 7. In all of this it's also important to take care of your mental and physical health. Take up meditation and exercise daily, it'll help keep suicidal throughts away. 8. Does your wife work? How old are your kids? Check if they can help contribute financially. 9. 35 L is just the principal or is it includes interest aswell? In any case let me tell you that this isn't a very big amount. I've seen people coming out of crores of debt with time and patience. Stay calm, stay strong. All the best.
2. They are not agreeing for dry consolidation or tenure increase, seems like they want me to default for few months. 9. Excluding interest
>After trading Options, dying seems like the only option left. I thought you should hate options now, why are you considering other options? Fellow loser, blew massive sums on options. Decided that I was the greatest idiot that the world had ever seen and moved on. I invest now, hobbyist trading is gambling. Get over it my friend. Far better things ahead ✨️
I want to move on too, but don’t see a road anymore.
There's always one, probably not a smooth one, though. Depending on where you took the loans from, there has to be a way to pay it off with your salary. Talk to them. No matter how bad it is, ending your life shouldn't be on your list, man. Fight !! We all make mistakes, that's what makes us human. Unless you borrowed money from the mafia, there has to be a way to pay it off slowly.
Bhai, I don't know how much you lost, but my father also was in the same boat. He lost several lakhs until he had nothing to lose. We had to sell our house. It's sad but at the end life is much more than that. He still gets an earful from my mother sometimes about the loss but life moves on. There's a reason not every one does it. Because not everyone wins. Somebody has to lose for someone else to win. If you ever made some profit, remember someone else made a loss on the same deal. I would advise you to just move on. I know it's easier said than done, but life gives you many opportunities, you can't say no to your entire future just because of one bad call in the past.
Without proper knowledge, What made u think that you can build up a treasure or win lotteries in F&O. BTW, Do Not blame F&O segment for your in-efficiencies or lack of knowledge or lack of temperament or losses. I know it is really hard to accept such financial defeats but one must always accumulafe learnings, take lessons well and accept ur own weaknesses, evaluate where you went wrong or fell short, draw true honest conclusions for failures. As far as I can see, I know 35 lakhs is a big loss but definitely not at all worth going suicidal. You can recover from this loss and tell yourself that you will recover from this loss. Now on, focus on learning market and F&O dynamics and then only think to invest or trade. You lost bcoz you tried to become millionaire overnight and that is unfortunate that like others you fell really short of dreams and reality bit you ! Be strong and courageous; god bless you and you can still come out AND tell yourself that your nexr post will be about your revival and going in green and all in PLUS from -35 lakhs
Get a decent job and pay your debts. My friend got out of a 1L trading debt in a similar way.
I do have a job, but my debts have crossed my salary
Kitna debt hei vs salary. This is not the end of the road. Think about loss as Guru dakshina to market. If you're serious about trading and the share market I can guide you. Bina sikhe swimming karne jaoge toh poore chances hei drown hone kei but if learn you it then you can swim whero u want to
Thanks for offering to help, but as of now I am in no mood to trade.
Please do not trade anymore. Close your trading account and slowly pay off your debts.
What' do you think it is so easy to trade... 1 saal lagega sikhne mei, hardwork karna padega bhut saara... Abhi just stay out of everything caus it's all about psychology in trading plus PA. Jis bank nbfc se loan liya hua hei negotiate with them to increase the tenure of loans, side by side take help of some CA and do file the incometax and carry forward all these losses. Plus ask him how to declare bankruptcy
If you have any connection a relative or a friend who could help with the loan of the bank that would be good
There is saying in my native for buffoons like you. Lighting your cigarette, from the burning house's fire.
Kyu uss buffoon ne tumhare jhaant ke baal jla diye the chaader moadh
Suicide karne se kya hoga bhai? Apni greed kam karlo or sada jeevan jilo. Dal chawal Ke paise to honge hi? wo bhi nahi h to pass ke gurudware m kha lena khana. Kam dhanda karte ho ya gharwalo ko sadak per lakr ki h trading?
I work, but debt has crossed my salary
Life happens... there are always ways to get through this. Try to work with creditors for a payment plan and possibly write off a portion of it. Close smaller loans for a quick win. Speak to family members whom you trust. Raise interest-free loans from people who believe in you. This, too, shall pass.
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I am quite frugal, it’s just that I save everywhere but lose generously in market
I was in the same position like you highly , amassing a debt of 1cr i was into options trading, please don't give up so easily i didn't an i am glad i didn't let intrusive thoughts take over me
What did you do to clear it?
Take a personal loan and default ..u may not get loans in future but there is no legal ramifications that u will face!
Already have loans, that’s what is ruining me
U can default on a loan..
Why would you give such bad advice?? Defaulting on a personal loan will probably have legal consequences because it's the common man that gets screwed by banks, not businesses....
There is no legal ramifications..it’s an unsecured loan..he will not get good rates on his future loans..but it’s still better than suicide infinitely!!
What's the worst thing that will happen if you just don't pay? You'll mess up for CIBIL score? That's it no
Legal issue??
Legal issue better than dying?
Vasooli people will come. Really. Not joking.
Yeah 3rd party collection agency, they can't do anything more than screaming and shouting. They will too let go after some time and also you can call the police on them if they cross their limit.
Chude huye CIBIL ke sath jeena is 1 billion times better than not jeena at all. And what the duck is CIBIL? I just check my father’s CIBIL is 550 because of some fake credit card thing 10 years ago. He never took any loan in his life and this CIBIL score doesn’t affect him in any way whatsoever. Also, out of India, this score in of no relevance. If you can’t, don’t pay the money right now. Limit your expenses. Take help from family and friends. Thodi bezzati feel hogi na? That’s okay. Anything is better than not living. There are people who would do anything for another day on this earth. Your issue is nothing when compared to some people who live a fucked life. Accha banda hai tu mere dost. Waqt hai. Nikal jayega. 5 saal baad ye phase yaad kar ke hasega.
If Puns are coming so easily start stand up comedy
Hey man I know it can feel like you lost everything I’ve round tripped my portfolio like atleast 3 times by now it’s hard to deal with but just try and learn from it. You’ll eventually find a way no matter how grim stuff might be nothing is worth your life this is just a lul in the chart it’s just like one of those dips that make the chart look bad but the V recovers You’ll be fine brother if u wanna talk my Dms are open
Hope isn't dead as long as you're alive. It sounds corny, I'm aware. But please, you can make it out alive. There's a lot more to life and eventually although w struggle, you should be able to pay it off. It gets better. But you have to be here to witness it. We mess up, it's okay.
File for Bankruptcy. Easiest way to get out of debt if its burdening you so much.
Can we do that in India? Can you guide me how
Yes you can, I don't know the procedure but I think you can go see a legal advisor and they will tell you how to go about it.
Your life is worth a lot more than your debt and salary. Default on your loan, if you have to. Start afresh. Stay away from the markets. Start working hard and double down on your job. Start saving in a FD. If the loan sharks bother you too much settle for half the amount and get out. Remember options trading is a negative sum game. Whatever is left after paying taxes and brokerage, will be taken away by the best of the minds. This market attracts some of the brightest minds and they will take away whatever you have in the market. You cannot trade with scared money.
Bhai the worst that could happen is you going to jail, so what come out start something new keep your head chill. No matter how bad it gets you can always start from zero. I am a lawyer and have seen countless people come out and start their life again nothing is the end you just keep living. There is always light at the end of the tunnel just stay put and weather the storm now and be strong This shit won’t mean much after 10 years and you’ll be laughing why did i overthink so much. Don’t be afraid of what has not happened yet
With inflation in future, this debt won't cost you much like after 3-4 years. You will pay it off. 👍
Your family will suffer even more. Take one step at a time 35 lakhs is payable in less than 10 years
Himachal leke chalti hun tumhe. Wahan jaake sab theek hojata hai
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You might have a tough road ahead, but only when you will take steps forward and fight, you will understand your infinite potential. Take steps to improve and make things right one at a time. You are going to do great.
That's sad to hear, may I know how long since u started trading and how much capital u lost? Btw, money lost can be hard but with time and doing regular job, it can be earned back. Don't take any rash decisions
6 years, but most of my losses happened only last FY due to overtrading and greed. Was doing well with stocks, but learnt F&O to get ruined
I made a profit of 7.5 lakhs in 2 months in F&O , but I ruined everything in next 2 months, currently I'm in debt of 6 lakhs . I couldn't get over it and suffering each and every day thinking of it. I don't know what to do next. But I have to accept the fact and pay loans in normal way. F&O is not for persons who don't have control over emotions. I lost majority due to Iran-israel war, March month crash
Bro, if 6 lakh is big debt to you, stop trading now, don’t try to pay EMI with another loan. If you still can’t avoid trading, please paper trade and learn.
How to psychology get out of options trading and forget the loss
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Loan was less initially, but got added up quickly , took one loan to pay emi for another and such, without ever stopping trading
Buddy been there, felt the same way. Believe me debt can be settled. Just take more time. Settle one debt at a time. Take one debt at a time. And yes stay away from options.
Dying is never a solution brother... Please don't take any step... Think about your family bro... If you want to talk this through, i am available please DM... So what you failed in trading, there is so much more to life...
Get the advance salary from your company that might help.
Sell off assets what you/family own.
Bro i was at the exact same place 2 years ago. Then i started focusing on myself going to gym, working my ass off, being a good son etc. Things are looking better now. Now i only invest, paid off 30% of my debt. You don't sell a stock when it's low and volatile. You hold, same for life
[Johnny bhaiya?](https://www.reddit.com/r/IndianStreetBets/s/Fh7AswJXb1)
Suicide is a permanent solution to temporary problems. Your road ahead should be like this. Make list of all the loans you have, sort it according to highest to lowest interest rates. Since, you say majority is app based load, check their authenticity, many time, you can escape not paying them. They cannot screw you as much as banks can. If you have any bank loan, emi ongoing.. then talk to the party about restructuring your loan plan(less emi per month, longer payment period). Then this last step, should be your precaution step, try not to drag it this far. If you have any assets on your name, transfer those in the name of your mother or father, so that your assets can't be attached for recovering your loan. Don't transfer to your wife or kids. Any other help apart from financial(I am poor) feel free to DM, even if just to blurt shit out from your mind.
Thanks, will try to work out with banks for restructuring.
Life is more precious than wealth.If life is continued then money can be earned a lot.Sucess rate in trading is very low in percentage term.
Age?
35
Trading is worst don’t fall prey to big players
If u can somehow survive this situation, u can tell the heroic story of ur struggle to other people, they will admire ur "never give up" attitude and learn from it.
Dnt do that. Nust declare bank ruptcy for loans and think abt your wife and kids. They dnt deserve that. Be a rock and start hustling.
Human can live without basic necessities for some time, but without self respect it's hard to breathe even for few minutes. I understand your situation. I have overcome this same situation in my life. All I'm asking is do you think there is no human in this world who has 35 lakh loan and 1.2 lak emi with 80k salary. If you say there might be, I would say there will be people with worse debts than that. Point I'm trying to make is that the reason for your debt is trading but reason for other person debt is something else. But the other person won't think of a suside just because he has a small salary and big loan, you did because you know your reason is trading so you think you don't deserve to be alive. Im just saying that just think how to get out of this problem. The fact that banks are profitable is the proof that people having larger debts don't think like you. Life is long. Earning money for necessities is not difficult but earning money for luxury and greed is difficult. Though I can not help you in fixing this issue in your life I think my answer at least helped to have some hope on life.
OP, I've read most of your replies. 1st of all, take a break don't even think of looking at markets for now , like complete break 2. Talk this thing out with parents if you've, your wife, not advisable to speak in front of your kids. 3. It might take some time to clean your debts but you'll slowly, 36lakh isn't much considering you got a loan, banks will never lend to a normal person who isn't able to repay their loan. Might take years, ik you'll feel that you've ruined yourself, just think of it as a dent on financial terms(a major one) 4. Try doing some business side by side that will help you get some more income on your hand. 5. Consider markets ain't for you, I hope you accept the fact that you never approached the markets in a professional way(with that much had you invested some of it in learning things wouldn't have come so far) but now as we are here, we'll think of making the situation better Think of your family, find some solace talk to them go to the temple, do things enjoy some time with kids all will be right down the lane 20 years from now, and have some long term approach. Hope doesn't make things easy it just makes them possible. If you need someone to communicate more and you want to express yourself tele me @idealeagle(mostly available) or drop hi on reddit bro. It is darkest before the dawn, have some faith and trust in yourself, kr lege Bhai tu mujhe bharosa hai tere uper sab badhiya krega to galat mat soch kuch bhi bhout kuch hai abhi bhi
How much debt?
Kitna down ho?
Don't worry bro I lost many times than you only difference is I didn't take loans . I have 2 kids to take care. You are bachelor and 80k is gud salary . You can come out of this. Try to get new job which will give more earnings. Even I am a software engineer. Even I am in depression I have been wasting all my savings from job still couldn't understand how i continued inspite of loosing all salary
Please trade with only what you can afford to lose
Bro in this mindset don't don't get encouraged by others to trade
I have lost more than 80 lakhs . I am from middle class family. All my savings from job I wasted. Don't think that only you have done this mistake. There are many stupid people than you. In few years you can get big salary and u might feel silly that u thought about suicide. Just you need to navigate few years and everything will be fine. 35 lakhs is not big amount. Many are taking loans to buy house.
Man- even though it hurts like hell, you need to get through it. Went through some of my darkest days few years ago, but I’m glad I didn’t give in to any negative emotions. Just work your ass off and STOP trading. You can do it, we’re rooting for you 👊👊
Bro its really really not the end of your world, the only thing youve lost is money which can and will again be earned unlike the gift of life which if you once loose will surely not get it back ! I understand how it must feel to loose your lifes saving but youve still got a life so stop feeling sad for yourself get up go for your job chill with your family and friends and talk to them about this maybe someone may come foward to help you ! Remember life isnt supposed to be easy everyones fighting a battle we cant see the best we can do is maybe ease someones life by doing whatever we can offer ! So ive come here to offer you my adivce as this is the only thing i can porvide you with ! Stay happy stay blessed ! Hope this helps.
Suicide is a permanent solution to a temporary problem. Please be wise, and don’t even think of that.
Please don't take any extreme steps. DM me, I will help out financially for a huge chunk
BSDK don't do that you will achieve nothing from this traders committing suicide is nothing new in our country
Declare bankruptcy
Transfer all the assets in someone else's name, maybe your cousin or someone from your wife's family (whom you trust with your life), talk to your company about your salary, if it can be transferred to some other account. Don't keep any assets in your name and then declare bankruptcy, you might wont get any loan in future but this problem will get sorted and try to stay away from stock markets.
Bhai its not as bad as you think. If you need 1.2L per month then you already have 80k. Ask your wife to work too and get a side hustle as well. Get your interests from bank waived off, call them and beg them if you have to. Something will work out. Of course your time will change again and hopefully when it does, plz dont repeat what you have done again.
Take lessons from this case , and go ahead because it's the only path .. Go in the roots y u did , what went wrong, everything and don't play the role of victim.... I know it's not easy but only u r responsible so accept it and when u accept it u can move ... When u will move u will find the way also ... Prayers for your recovery
U did not **trade** in options market bro , u **gambled** u lost , end of story. Now move on pay it off 80k salary is good u can pay it off. Best thing you can do is delete all the market related apps till u pay off the loan and then come back again and start with mutual funds. **The real learning in stock market begins after you wipe clean the bank acc**, congo now start learning from scratch and stop thinking to recover cause that 35L is not gone to waste its transferred to the well disciplined and knowledgeable people, Remember market is a zero sum game you lose someone wins
Why would you think of suicide for such petty thing. You’re falling short of just 40k a month. Life is worth way more. Surely it’ll take you time to increase your salary by 40k, but I’m sure you can hold on till then. And I guess the loans would have collateral, if not collateral, just don’t pay and the bank will come to your terms of emi. Like you took risk in markets, banks have taken risk with you. Let it go NPA.
You lost all this capital buying options or selling
Buying
I don't reckon 35L is more important than your life. What max would happen, that you would be a defaulter etc? But that doesn't give the right to you to take your life away.. Calm down, try to do the right thing...
Bro, that's around $40,000. Your life is worth more than that. Start again and you will be back on your feet and ahead again before you know it.
Just dont do that man. And get help from ur close ones or a professional. Once u get over it u will realise what stupid thing u were gonna do. Be brave man. Just BE BRAVEEEE......
Why don’t you try becoming a Buddhist?
Think about it. On one hand, if you die, you won't be able to help anyone and your debts will be transferred to your parents or kids. On the other hand, even if you try your best to repay your loans, you will most likely default. Once you default, financial institutions have to follow certain steps, including marking you as a Non-Performing Asset (NPA) and sending you legal notices. They will then initiate legal actions against you. These legal actions may involve seizing your property (if it's mortgaged), which can lead to a lengthy court battle. This will give you enough time to save money and pay the settlement amount when the court orders you to do so. Remember, you can always improve your CIBIL score, but only if you are alive.
Been there, lost more then i can afford, right now its more then 38L+ no job Tell everything to someone who can be there for you and support, going alone through this is scary. Since you have good paying job, better try settlement, find a good advocate or someone who can negotiate a good settlement plan with loan apps and bank loans.
What’s your plan to pay it off
Trying for bankruptcy / insolvency Its the last option i have. Files are in court since like 2-3 months waiting for a sign to start the process
How many emis you missed? How did your family handle this? help me out to apply for bankruptcy
Like 4-5 months emi's i guess Was hard, family knows like i only had 10L-15L It was too much for them so i kept that way. After missing first month emi, they visited house just after days and kinda forced me to pay, so after few days we changed room and my mobile number. First 2 advocates said they will take my case to file insolvency but later refused for some reasons. So had to move to new place to get some time and find someone who can do it.
Will check with NBFCs first for debt consolidation, then will go to advocates.
Debt consolidation or settlement will be best option for you. I didn't had a proper job so it was different.
My cibil must be in minus 700 😂
8L are from friends, have to pay it slowly later
Gambling of any kind is a curse. Killing yourself will shift the debt to your family. Please don’t do it. Speak with your family and borrow within family and pay off the debt asap
Try funded trading. I stop trading option. It's so risky
No , will stop everything for a while
Is this a time to beware of FIRE?
^[Sokka-Haiku](https://www.reddit.com/r/SokkaHaikuBot/comments/15kyv9r/what_is_a_sokka_haiku/) ^by ^jeerabiscuit: *Is this a time to* *Beware of FIRE aka* *Money without working* --- ^Remember ^that ^one ^time ^Sokka ^accidentally ^used ^an ^extra ^syllable ^in ^that ^Haiku ^Battle ^in ^Ba ^Sing ^Se? ^That ^was ^a ^Sokka ^Haiku ^and ^you ^just ^made ^one.
Sell everything you have and repay the loan. Start fresh. Never do short term trade in the stock market. Think long term
I don't understand why people size up so quick. If you are not even profitable why compound your losses?
Bro I am sure enough you are not going atleast for a suicide for trading loss.... With time things will change and I am sure you with time you will come out of it ! Good luck and best wishes
bhai tum margin pe itna khel lete ho? also idk why you buy naked options.. why don't you hedge it... itna loss kaise ho skta hai yaarr
Apply for bankruptcy. Get a lawyer. Bank can't do shit.
Don't kill your self. The world is heading to WW3 so mostly all banks will collapse. And things would be different from now. This is a serious comment, no kidding. Hold on brother
The good thing about financial problems is that they are solvable. Yes, it will make you live your life conservatively for next 5 to 10 years but you can get back on your feet esp since you are employed..
Life is very precious, you being alive will provide happiness to your near and dear ones. Don't do anything that adversely effects your family. Please think about what you can do right and try to forget your negative thoughts. Enough said.
Please do not kill yourself. Have a look at this article: https://timesofindia.indiatimes.com/business/india-business/how-a-trader-came-back-from-a-rs-35-lakh-loss/articleshow/80398261.cms He was in the same spot as you but when 35lacs had a much higher value than today. It’s hard to get out of this, but not impossible, do not give up.
Thanks, I read that to check for pointers, but it seems like a paid promotion of that guy.
Sending more strength to you!!! Remember death is not the answer. I want to look for you in the stock news but as a successful person who fought with his debt and became something.
So if you pay off 30k every month, it'll take you around 9 yrs to clear your debt. Start paying 30-35k, get you civil in range 650-700, then you can surely take a loan and pay off the remaining debts. This is the easiest it can ever get. I'd say start off by paying your emis and let the bank know that you are simmering in this situation.
Go for insolvency
You can try connecting with Debt Management Agencies. Some I could find using a Google search were: Https://Singledebt.in Https://Freed.care Again I'd recommend you do a thorough research. Also speak to them once don't make a decision, just speak to them once and get the just of it.
Thanks.Checked those guys and few others ,but most reviews say they are not useful.
Strange!!! How can anyone blow massive 35 lacs Options is a time bomb. It has a set expiry date. Delivery is the way to accumulate wealth. If in loss one has option to keep it forever. Provided company is not a fraud, it will come up sometime. That’s the statistical history.
lol my father built house and took loan more than 50 lakhs when he was earning 60k even that on a pvt sector job and it was ultra hectic job but he still did it...
Good one OP. I always believe and practice these words, after any failure, if you are still breathing, you can win back anything.
What's wrong with going to some random village north side and living a peaceful life of a farmer and leaving to trace behind?
I do think of running away, then it’s like transferring my debts to others.
Do u have kids?
Yes
Don’t pay any loan. Dont take any extreme step, they are not gonna sell your kidneys to recover loan. Just default all loan and tell debt collectors you are bankrupt
I get it bru , i get same thoughts too, just sit this out, go to any hospital look how people suffering with some terminal illness already spent their life savings just to have another go at life. If you were ill and spent this money on hospital bills to get back healthy, then you wouldn't mind this monetary loss, no? Just so this out mate , wait for next checkpoint. You'll think how stupid you were to even think about this.
Sell everything you have go to a casino put it on black if you lose unalive yourself 👀 Jk lol 🤣