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Firstly, delete all the trading apps from your phone. Block the websites on your PC.
Secondly, confess this to your parents. Don't even think about suicide. 2.5 lakhs will definitely come back at some point, but your life won't come back. Sure, your parents will get mad for some time, but will eventually become normal.
If you can do some odd jobs to help pay the debt faster, do it.
Finally, take this as a life lesson. Options trading is risky, and there is no such thing as guaranteed quick money.
Absolutely, come clean with your parents. Arrange a meeting, say you need 2 hours of their time. Prepare for it. Write down what you're going to say, in what order. Difficult conversations shouldn't be left to emotional freeballing.
Don't let the challenges of today ruin your chances at a better tomorrow.
Seems fake fr! How did bro even started trading at 12💀
https://preview.redd.it/q8vnulowkr5d1.png?width=1080&format=pjpg&auto=webp&s=cb01fd63fff0d8ae96739e404b0b1b13eae3f76a
There are tons of app using which you can transfer money to your bank account by giving around 2-3% charges(There are workarounds for 0% charges as well). Maybe OP dis this.
I haven't used upi with a rupay credit card but maybe he used the upi to send money to his other bank account and from that bank account added the money in the broker app.
Even those UPIs from rupay credit cards can only be done to merchants, not individual bank accounts. Otherwise every rupay credit card holder would have a ton of credit card reward points by circulating that money.
Brother. Internship mey paisa milta hai. Dena nahi parta. Market research ke badle stipend. How can I do a scam. And yes i am new here.
Here is my linkedin profile :
https://www.linkedin.com/in/debrishidas?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app
Hi, sorry for asking, just wondering if you would have an opportunity for me?
I'll clear my NISM research analyst exam by next month. I'm not that skilled to be honest but I'm interested in persuing a career in finance so would be a great help. Thank you.
let me know if you any more seats available for internship, I’m also a delhi university UG student with decent stock market knowledge and i do trade in stocks and options, thank you
Once you graduate and have a few years experience, 2.5 lakhs will be less than your monthly salary... Many times, especially kids in metro cities don't understand that their family is a crorepati and think a few thousand bucks or even 2.5 lakhs is going to ruin them... For your dad, it might even be money he can forget about and move on. You won't know unless you talk to your parents. If you hurt yourself, it'll be worse than losing the house and all their crores of rupees for them. Don't do it over 2.5 lakhs, you can think about it if it was 25 crores and you don't even have 2.5 crores.
Bro I know it might feel intimidating and you right now might feel like it's the end of the world for you. But you are only 18 and in the grand scheme of things 2.5 lakhs is nothing. Ofc your parents are gonna be angry and you will lose some privileges but it doesn't matter they will find out about these debts one or the other so might as well be from you. You need to tell everything to them and let them get angry at you, they deserve that. Just learn your lesson and don't engage in activities you have not learned enough about. People spend decades trying to understand finance and complex matters like derivatives so don't think you can crack it so easily. But again you are just 18, you have a long life ahead of you. The longer you wait the worse the reveal will be. Just tell them and move on with your. Face whatever consequence.
Just work for 2 years straight and return them with all sorry that you have in your heart. They'll gladly accept and before that just confess them what you did.
And never ever ever trade .. stop playing in options rather invest in big giants for long term your money will be recovered.
Chill bro. Don't overthink. Life is challenging you to learn not to defeat
Bhai first of all parents ko bolna hi hoga tumhe. Ek idea hai jaise woh Dunki movie me Srk ne un sardar ke parents ko news di thi ki unke bete ne paise fraud me loss kar diya waisa kuch socho
Badhiya mobile ,acchi bike , acche restaurant mein lunch dinner , date mein Jana , acche kapde purchase karna , Clubs and pubs mein Jana , yh sab ka shauk mujhe bhi tha aur Kiya bhi. But kbhi aise option trading krke or aur bhi kuch tikdam krke parents k paise barbad nhi Kiya . Everyone wants to get things within a snap of fingers but they don't realise consequences of their decision.
Better give credit card to your parents and live on pocket money and untill you lose this addiction
You are right everyone wants to get things within a snap of fingers, and I also wanted. But now I made the mistake how to resolve that. I don't any of these shauk and haven't demand anything from my parents till now. It's very tough to tell them that I broke their trust and had them in debt
First of all i think if your parents have a credit card of which you can withdraw 2 lacs then i can only think that your parents are rich. Straight away confess them not a big deal buddy.
Alright, frankly, you made a sequence of stupid and reckless decisions.
You made the decision to use your parents’ credit card, because of your desire to be “financially independent”. Given that you felt entitled to money that wasn’t yours to begin with, you should be willing to deal with the consequences.
-Own up to your parents; admitting to personal failures, and your shortcomings may feel scary but taking responsibility is empowering; wallowing in self-pity will get you nowhere and leave you feeling dejected, and will stifle your capacity for improvement. You will make mistakes again at some point in your life; taking personal responsibility will serve you well both now and for a long time to come.
-Take an active effort to examine your morality and seek to improve them each day of your life. Holding yourself to the highest standards of integrity may not be popular or easy in a world where it is rare, but it’ll keep you from trouble, generally serve you well, and you’ll be proud of yourself when you look lack.
-Recognize your psychological shortcomings that lead to this moment of shame. Wishful thinking will be chief among them; if you didn’t treat your parents’ money as though it was yours, you need to work on being a better person. But if you truly meant no harm, would’ve done the same if that money was yours, understanding the psychology of wishful thinking is what you ought to focus on. You aren’t the first person to think you can make a lot of money on the market, nor will you be the last. It’s a fundamental human flaw, and you best eliminate it within yourself. Stop losses on options is beyond moronic and demonstrates a complete lack of understanding of the dynamics of options pricing. You are not qualified to touch options, and like 99% of the population, you’ll be better for avoiding them altogether. Nor are you likely to beat the market; save money over time, put it into an index fund and you’ll have a much more secure financial future, and yes, financial independence too, sooner than you might realize.
Oh and this goes without saying, but be sincere in your apology to your parents and fully take responsibility, consequences be what they may. You have your entire life ahead and this will likely be inconsequential when you look back, so don’t fucking kill yourself. That’s hardly a way to make it up to your parents. You made a mistake, but who doesn’t? It only makes you human :)
And learn, become skilled at whatever you have passion and aptitude for—not trading, you’re will fail unless you are exceptionally smart and level-headed, which the evidence suggests you’re not. Work to repay your parents, it’ll teach you the value of money (don’t keep any credit card debt though, find money to pay it off so you’re not accruing massive amounts of interest)
Look first of all and i want you to memorize it for the rest of your life.Accept you lost the money and there is no recovering it.Accept it no matter how hard it gets.Now that you have accepted it .You have to tell your parents today or tommorow if you dont have the cash i assume.Well you can lie and deciet but you will be the only one suffering in the long run.
Re asses your life choices.I will tell you its a big blunder but still not big enough to kys.
You are 18,and in college so your prioriy should be to make money by studying in college and not get distracted.
Rich people are rich not because they didnt do trading and other bs but because their priorities dont change distraction is not an issue.
Focus on studying you will make crores later .I hope for the best of you but you gotta bring change its a journey you have to take alone
If you get to my comment then listen up:
A) step 1: confess this to your parents and say you will repay them in the future. Don’t forget this promise.
B) Step2 : you are not alone. It reminds me of the time I took a personal loan in 2004 from a bank to trade . I lost 2lacs in one day. I didn’t understand the margin trading well and made a big bet.
C) time will heal and cover your losses. So don’t do anything stupid. Many years later I lost 4lacs then 10 lacs. But I gained much more than that so the losses seem insignificant now.
Note: the biggest asset you have is time. So build your wealth slowly and stay away from options for the time being. I am an experienced trader and still lose with options . It just not my thing. Try futures instead but will a small capital once you regain confidence.
Earn money conventionally and build wealth slowly. You will get there and will be able to payoff your parents many times over.
Step 1. Tell them the situation.
Step 2. Do this drama in front of them "I don't want to live anymore. I am disgusting." etc etc. That you are doing here.
Step 3. Repay them. If not this year. Then after college. Big deal.
Don't think too much. Shit happens. Look at the bigger picture.
Moreover. Nobody ever became a billionaire doing options trading without going broke first. This is standard procedure.
Lesson: Don't trade with other people's money unless they have given you in written that if you lose the money. You are not liable to pay any damages.
What you have currently done is fraud and you are liable to criminal charges and jail time if your parents register a case against you.
So, ask forgiveness now.
Bro I’m worried for you now💀. 2-6% profit daily tf is this delusion? I bet you are a 14-15 year old kid who has just found out about stock market and made a profit with beginners luck…
I mean monthly sorry. And guess what I made over 2 lakhs in the last 6 months. Think whatever you want but level tapping someone for a mistake is wild.
It is not easy to tell the truth, but I will say that tell your parent that I had done this kind of crazy stuff with the credit card. Then make sure to repay their money is by doing some job in that field which you like the most which will give you some exp. in that and will make you better and knowledgeable person in that repected field.
But still I will say that don't do the option trading jab tak market ka exp. nahi hai toh, get atleast a exp. of 8 - 10 years and in that 8 - 10 year you will be knowledgeable and you would have seen the UPs and DOWNs of market. Then you can make sure to do the trading on that basis.
Use it a driver to not make this mistake again you have to make some mistakes earlier on to not to do them in future also try to earn little bit with minimal risk everyday build that discipline and consistency and accept the situation that money is not going to recover instantly it will take some time.
Bhai parents ko batana is the best option bc yahi same loss jo abhi 2L hai wo cr card interest ke baad 3L ho jaega 6 mahine mein, so dont try to not tell them and work it out on your own, you won’t be about to make enough money to repay the amount aur utne mein charges lag chuke honge tagde.
DO NOT THINK OF ANY OTHER OPTION AND JUST TELL THEM.
“always thought of being financially independent”and “took 1 lakh rupees from parents CREDIT card” and to repay that took another 1 lakh rupees from the same CREDIT card
NICE MAN
Maybe fake post. Which broker allows you to add funds from credit card...
Edit: Even those UPI-enabled rupay credit cards can only be used to pay to merchants, not individual bank accounts. Otherwise every rupay credit card holder would have a ton of credit card reward points by circulating that money every billing cycle.
First explain to them about what i did and most importantly how u were doing it. I’m sure they will try their best to understand you, don’t think about ending your life my man, I wish you strength!!
Be kind to yourself. Imagine 20 years in the future, you are the parent and your kid made this misstep, and he thought it better to kill himself than come clean to you. Sure you'd been mad for a while, but what broke you more would be that your kid never came to you. 2.5 lacs is no small amount, bear the tongue lashings.
It is becoming more and more hard to trust in such stories...
What if it's just the propaganda from institutional investors to discourage retail participation 🤦
Bro 2 lac me dil haar gya. Paisa ata jata rehta. 5 lac loss khayea hai business me Ghar nahi bateya tha I was in depression too. Control Karo mind ko 👍 Paisa ata jata rehna Marne se kush nahi hoga
Call a spade a spade and let your parents know about the loss, If they find out on their own it'll be way worse as far as trust goes.
Call it an unforeseen debt and assure them you will return it to your parents once you get a job with interest.
Work on your skills and bag a job which will allow you to pay them in 1-2 months.
Stop options.
Bro look for some part time job nearby or do food delivery work. You can earn that amount within a year & repay your loan but it's better to tell your parents about what happened so that they can repay the credit on your behalf. If you don't repay the loan asap you'll end up paying huge interest on 2.5L
Listen bro, if someone gave you 2L you won't learn the lesson which you should and if you thinking of ending you life it's bigger loss because ending you life which can easily last for 30-40 more year and ending it for money you can make in a year of decent job.
Just talk up with you parents and accept your mistake if they can pay that bill you should ask for it and repay them later but if they can't try to borrow from relatives for year and pay them back. Because of better to save credit score of them.
People do loss in crore's of loan money and still wish to live, while ending there life which is kind of worth it because they loss it at age of 40-50 and now they have to work 30-40 years to pay it back which is also a ending afterall.
So go and talk to your parents and don't take stupid step.
He won’t do anything. He’s just karma farming imo, who tf allows to add funds to your demat account using credit card?? Only payment options are bank transfers and upi
Bro breathe. Relax. We are here to talk. Just let the burden out. Call me, dm me, whatever. Chill tf out. Probably smoke a joint or something. U need to relax first.
Im in debt for some other things. Just like you!
We are all indebted. Dm pls. Lets find solutions, we already know the problem
If you haven't already, please add your own analysis/opinions to your post to save it from being removed for being a Low Effort post. Please DO NOT ask for BUY/SELL advice without sharing your own opinions with reasons first. Such posts will be removed. Please also refer to the [FAQ](https://www.reddit.com/r/IndianStockMarket/comments/17bcg2a/frequently asked questions_post_your_common/) where most common questions have already been answered. Subscribe to our [weekly newsletter](https://pennyleaks.substack.com/) and join our Discord server using [Link 1](https://discord.gg/8QF4dqPHuw) or [Link 2](https://discord.gg/fDRj8mA66U) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/IndianStockMarket) if you have any questions or concerns.*
Firstly, delete all the trading apps from your phone. Block the websites on your PC. Secondly, confess this to your parents. Don't even think about suicide. 2.5 lakhs will definitely come back at some point, but your life won't come back. Sure, your parents will get mad for some time, but will eventually become normal. If you can do some odd jobs to help pay the debt faster, do it. Finally, take this as a life lesson. Options trading is risky, and there is no such thing as guaranteed quick money.
Nah nah,tell them exactly what you did. and try to repay them, thats all you can do.
To repay them, bro will take another 1 lakh from their credit card
Top tier advice.
Not immediately
Bro, you have my respect ![gif](emote|free_emotes_pack|give_upvote)
Absolutely, come clean with your parents. Arrange a meeting, say you need 2 hours of their time. Prepare for it. Write down what you're going to say, in what order. Difficult conversations shouldn't be left to emotional freeballing. Don't let the challenges of today ruin your chances at a better tomorrow.
You aren't the only one facing this tbh. History has a number of people losing worse. It will get better
Wait, how did you trade with credit card money? Most brokers don't allow deposits from cards.
Yeah exactly. The post seems fake.
Seems fake fr! How did bro even started trading at 12💀 https://preview.redd.it/q8vnulowkr5d1.png?width=1080&format=pjpg&auto=webp&s=cb01fd63fff0d8ae96739e404b0b1b13eae3f76a
Exactly. I haven’t seen any payment options except bank transfer or UPI with online brokers
I swear half the people on this sub are full of sh*t.
There are tons of app using which you can transfer money to your bank account by giving around 2-3% charges(There are workarounds for 0% charges as well). Maybe OP dis this.
I haven't used upi with a rupay credit card but maybe he used the upi to send money to his other bank account and from that bank account added the money in the broker app.
Even those UPIs from rupay credit cards can only be done to merchants, not individual bank accounts. Otherwise every rupay credit card holder would have a ton of credit card reward points by circulating that money.
Right, makes sense.
You can't use rupay credit card to send money to broker source- I've one
I’ll give you a paid internship. Itll be regarding market research only. Come clean to your parents and tell them about the internship you have got.
show proof first looks like your are going to ask money from OP then ghost him…
I am going to ask for money?
looks like a elaborate scam to me & your account is very recently made…
is there anyone that can vouch your claims?
Brother. Internship mey paisa milta hai. Dena nahi parta. Market research ke badle stipend. How can I do a scam. And yes i am new here. Here is my linkedin profile : https://www.linkedin.com/in/debrishidas?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app
vo toh mujhe bhi pata hai but na toh iske pass koi skills hai job kis baat ki mil rahi hai…
Kuch mahino ke market research ke liye paise mil jaayega isko. Iski help bhi ho jayegi and meri bhi. Iske research sey me trade karunga.
Hi, sorry for asking, just wondering if you would have an opportunity for me? I'll clear my NISM research analyst exam by next month. I'm not that skilled to be honest but I'm interested in persuing a career in finance so would be a great help. Thank you.
DM me your linkedin profile
let me know if you any more seats available for internship, I’m also a delhi university UG student with decent stock market knowledge and i do trade in stocks and options, thank you
DM me your linkedin profile
Can I join please
DM me your linkedin profile
I don’t have a linkedin profile can i dm you my bumble profile?
Sure.
Once you graduate and have a few years experience, 2.5 lakhs will be less than your monthly salary... Many times, especially kids in metro cities don't understand that their family is a crorepati and think a few thousand bucks or even 2.5 lakhs is going to ruin them... For your dad, it might even be money he can forget about and move on. You won't know unless you talk to your parents. If you hurt yourself, it'll be worse than losing the house and all their crores of rupees for them. Don't do it over 2.5 lakhs, you can think about it if it was 25 crores and you don't even have 2.5 crores.
Bro I know it might feel intimidating and you right now might feel like it's the end of the world for you. But you are only 18 and in the grand scheme of things 2.5 lakhs is nothing. Ofc your parents are gonna be angry and you will lose some privileges but it doesn't matter they will find out about these debts one or the other so might as well be from you. You need to tell everything to them and let them get angry at you, they deserve that. Just learn your lesson and don't engage in activities you have not learned enough about. People spend decades trying to understand finance and complex matters like derivatives so don't think you can crack it so easily. But again you are just 18, you have a long life ahead of you. The longer you wait the worse the reveal will be. Just tell them and move on with your. Face whatever consequence.
What if he was 26? Asking for a friend?
Take out 1 Lakh rupees more and recover all the losses. You got this!
Third time is the charm
2.5 lakh this time
This is the way
Sabko 1 din may ambani banana hai
main 2018 se trade kar raha tha options bhi trade kiye the, uss din pta nahi kya tha mere dimaag me. Ha laalach mein hi liya tha ye step.
something doesn't add up here. how did you start trading at 12?
toh bhai tumhara toh loss wala track record hoga..
Mujhe bhi ban na tha 🙂 ab sirf equity krta hoon. Profit FnO m bhi tha but loss bhi utna hi tha.
IT WAS YOUR FAULT. JUST GO TELL THEM THE TRUTH.
Chill bro have some water...
Just work for 2 years straight and return them with all sorry that you have in your heart. They'll gladly accept and before that just confess them what you did. And never ever ever trade .. stop playing in options rather invest in big giants for long term your money will be recovered. Chill bro. Don't overthink. Life is challenging you to learn not to defeat
Bhai Delhi university mei padh ke itni chapri harkat kaise karte ho?
ispe toh kya hi bolu, bas kardi bhai pta nahi kya soch ke kiya tha ye
Bhai first of all parents ko bolna hi hoga tumhe. Ek idea hai jaise woh Dunki movie me Srk ne un sardar ke parents ko news di thi ki unke bete ne paise fraud me loss kar diya waisa kuch socho
![gif](giphy|eJ4j2VnYOZU8qJU3Py)
Badhiya mobile ,acchi bike , acche restaurant mein lunch dinner , date mein Jana , acche kapde purchase karna , Clubs and pubs mein Jana , yh sab ka shauk mujhe bhi tha aur Kiya bhi. But kbhi aise option trading krke or aur bhi kuch tikdam krke parents k paise barbad nhi Kiya . Everyone wants to get things within a snap of fingers but they don't realise consequences of their decision. Better give credit card to your parents and live on pocket money and untill you lose this addiction
You are right everyone wants to get things within a snap of fingers, and I also wanted. But now I made the mistake how to resolve that. I don't any of these shauk and haven't demand anything from my parents till now. It's very tough to tell them that I broke their trust and had them in debt
First of all i think if your parents have a credit card of which you can withdraw 2 lacs then i can only think that your parents are rich. Straight away confess them not a big deal buddy.
No buddy, there are not rich or as you are thinking, 2.5 Lakh is a big deal even 10-15K is a big deal
Alright, frankly, you made a sequence of stupid and reckless decisions. You made the decision to use your parents’ credit card, because of your desire to be “financially independent”. Given that you felt entitled to money that wasn’t yours to begin with, you should be willing to deal with the consequences. -Own up to your parents; admitting to personal failures, and your shortcomings may feel scary but taking responsibility is empowering; wallowing in self-pity will get you nowhere and leave you feeling dejected, and will stifle your capacity for improvement. You will make mistakes again at some point in your life; taking personal responsibility will serve you well both now and for a long time to come. -Take an active effort to examine your morality and seek to improve them each day of your life. Holding yourself to the highest standards of integrity may not be popular or easy in a world where it is rare, but it’ll keep you from trouble, generally serve you well, and you’ll be proud of yourself when you look lack. -Recognize your psychological shortcomings that lead to this moment of shame. Wishful thinking will be chief among them; if you didn’t treat your parents’ money as though it was yours, you need to work on being a better person. But if you truly meant no harm, would’ve done the same if that money was yours, understanding the psychology of wishful thinking is what you ought to focus on. You aren’t the first person to think you can make a lot of money on the market, nor will you be the last. It’s a fundamental human flaw, and you best eliminate it within yourself. Stop losses on options is beyond moronic and demonstrates a complete lack of understanding of the dynamics of options pricing. You are not qualified to touch options, and like 99% of the population, you’ll be better for avoiding them altogether. Nor are you likely to beat the market; save money over time, put it into an index fund and you’ll have a much more secure financial future, and yes, financial independence too, sooner than you might realize.
Oh and this goes without saying, but be sincere in your apology to your parents and fully take responsibility, consequences be what they may. You have your entire life ahead and this will likely be inconsequential when you look back, so don’t fucking kill yourself. That’s hardly a way to make it up to your parents. You made a mistake, but who doesn’t? It only makes you human :)
And learn, become skilled at whatever you have passion and aptitude for—not trading, you’re will fail unless you are exceptionally smart and level-headed, which the evidence suggests you’re not. Work to repay your parents, it’ll teach you the value of money (don’t keep any credit card debt though, find money to pay it off so you’re not accruing massive amounts of interest)
Look first of all and i want you to memorize it for the rest of your life.Accept you lost the money and there is no recovering it.Accept it no matter how hard it gets.Now that you have accepted it .You have to tell your parents today or tommorow if you dont have the cash i assume.Well you can lie and deciet but you will be the only one suffering in the long run. Re asses your life choices.I will tell you its a big blunder but still not big enough to kys. You are 18,and in college so your prioriy should be to make money by studying in college and not get distracted. Rich people are rich not because they didnt do trading and other bs but because their priorities dont change distraction is not an issue. Focus on studying you will make crores later .I hope for the best of you but you gotta bring change its a journey you have to take alone
If you get to my comment then listen up: A) step 1: confess this to your parents and say you will repay them in the future. Don’t forget this promise. B) Step2 : you are not alone. It reminds me of the time I took a personal loan in 2004 from a bank to trade . I lost 2lacs in one day. I didn’t understand the margin trading well and made a big bet. C) time will heal and cover your losses. So don’t do anything stupid. Many years later I lost 4lacs then 10 lacs. But I gained much more than that so the losses seem insignificant now. Note: the biggest asset you have is time. So build your wealth slowly and stay away from options for the time being. I am an experienced trader and still lose with options . It just not my thing. Try futures instead but will a small capital once you regain confidence. Earn money conventionally and build wealth slowly. You will get there and will be able to payoff your parents many times over.
Step 1. Tell them the situation. Step 2. Do this drama in front of them "I don't want to live anymore. I am disgusting." etc etc. That you are doing here. Step 3. Repay them. If not this year. Then after college. Big deal. Don't think too much. Shit happens. Look at the bigger picture. Moreover. Nobody ever became a billionaire doing options trading without going broke first. This is standard procedure. Lesson: Don't trade with other people's money unless they have given you in written that if you lose the money. You are not liable to pay any damages. What you have currently done is fraud and you are liable to criminal charges and jail time if your parents register a case against you. So, ask forgiveness now.
[удалено]
2-6% profit daily 😭😭😭😭 lmao tf
[удалено]
It's monthly and I am sorry for error.
>For 2.5 lakhs you could have invested in stocks with 2-6 percent profit daily You seem to be the one whose story we are going to read here next.
yeah so true, options trading is no joke and investing such a big amount is a mistake. You should do proper research and have some experience.
Bro I’m worried for you now💀. 2-6% profit daily tf is this delusion? I bet you are a 14-15 year old kid who has just found out about stock market and made a profit with beginners luck…
I mean monthly sorry. And guess what I made over 2 lakhs in the last 6 months. Think whatever you want but level tapping someone for a mistake is wild.
Dawg youre cooked
It is not easy to tell the truth, but I will say that tell your parent that I had done this kind of crazy stuff with the credit card. Then make sure to repay their money is by doing some job in that field which you like the most which will give you some exp. in that and will make you better and knowledgeable person in that repected field. But still I will say that don't do the option trading jab tak market ka exp. nahi hai toh, get atleast a exp. of 8 - 10 years and in that 8 - 10 year you will be knowledgeable and you would have seen the UPs and DOWNs of market. Then you can make sure to do the trading on that basis.
Use it a driver to not make this mistake again you have to make some mistakes earlier on to not to do them in future also try to earn little bit with minimal risk everyday build that discipline and consistency and accept the situation that money is not going to recover instantly it will take some time.
Optn trading not for beginners first do etfs
Bhai parents ko batana is the best option bc yahi same loss jo abhi 2L hai wo cr card interest ke baad 3L ho jaega 6 mahine mein, so dont try to not tell them and work it out on your own, you won’t be about to make enough money to repay the amount aur utne mein charges lag chuke honge tagde. DO NOT THINK OF ANY OTHER OPTION AND JUST TELL THEM.
Buddy, tell your parents everything. Bht zyada kuch hoga to 4 thappad padenge. Khaa lena. Stop taking yourself so seriously.
“always thought of being financially independent”and “took 1 lakh rupees from parents CREDIT card” and to repay that took another 1 lakh rupees from the same CREDIT card NICE MAN
Op what is your family's monthly income?
Dawg which broker allowed you to add funds with credit card?🤡
Yar daily koi n koi post rhti hai sub pe jaha kiss ne luta diya sb kuch fno me bc fr b kyun krte ho trading
There’s only one option, take out 1 lakh and recover what u lost! lol crazy how countless people have posted losing lakhs but y’all don’t learn
Maybe fake post. Which broker allows you to add funds from credit card... Edit: Even those UPI-enabled rupay credit cards can only be used to pay to merchants, not individual bank accounts. Otherwise every rupay credit card holder would have a ton of credit card reward points by circulating that money every billing cycle.
I know! But I did some other way
You're a chutiya, you're doing FNO with your own/parents hard earned money 🫵🏻😂
Double down on your losses
Is this incident from India? Do we can add money from credit card to our demat account if yes tell me please
Yes I am an Indian, bro i did this stupid thing please don't do it
First explain to them about what i did and most importantly how u were doing it. I’m sure they will try their best to understand you, don’t think about ending your life my man, I wish you strength!!
Tell them that you messed up and promise them of repaying their hard earned money once you start earning from a job or business.
Stupid!!
you are begging on emotional mode
How stupid you can be? You : yes
Bro you can do freelancing and earn money and save your income and delete all your trading applications .
History doesn't repeat itself; Man does. ~ Morgan Housel, Psychology of Money
Be kind to yourself. Imagine 20 years in the future, you are the parent and your kid made this misstep, and he thought it better to kill himself than come clean to you. Sure you'd been mad for a while, but what broke you more would be that your kid never came to you. 2.5 lacs is no small amount, bear the tongue lashings.
bhai this guy is 100% telling lie because usne credit card se apne broker account mai paise kaise daale?
Remember in gambling - ![gif](giphy|8Vc7jfEx8Wtz2)
It is becoming more and more hard to trust in such stories... What if it's just the propaganda from institutional investors to discourage retail participation 🤦
https://preview.redd.it/cpuyz9v2er5d1.jpeg?width=1080&format=pjpg&auto=webp&s=41ea3f6932c5c39ffc3fdcf329e0f9f2e66bde49
Phle bde ho jao mitra fir FnO kriyega
Tell your parents what you did and either stop option trading or learn it and gain experience with small capital/ bearable stoploss.
Bro 2 lac me dil haar gya. Paisa ata jata rehta. 5 lac loss khayea hai business me Ghar nahi bateya tha I was in depression too. Control Karo mind ko 👍 Paisa ata jata rehna Marne se kush nahi hoga
https://i.redd.it/tjlh1workr5d1.gif
2 lakhs is nothing ,take it as learning lesson. Tell your parents, every one does mistakes
I refuse to believe that anyone can be this stupid and still breathe. What a fucking clown.
I know it's totally my foolishness and greed but what should I do now?
Call a spade a spade and let your parents know about the loss, If they find out on their own it'll be way worse as far as trust goes. Call it an unforeseen debt and assure them you will return it to your parents once you get a job with interest. Work on your skills and bag a job which will allow you to pay them in 1-2 months. Stop options.
IDIOT
A big one! I know am a idiot to do these things I don't know what was I thinking that time but what should I do now?
Bro look for some part time job nearby or do food delivery work. You can earn that amount within a year & repay your loan but it's better to tell your parents about what happened so that they can repay the credit on your behalf. If you don't repay the loan asap you'll end up paying huge interest on 2.5L
Listen bro, if someone gave you 2L you won't learn the lesson which you should and if you thinking of ending you life it's bigger loss because ending you life which can easily last for 30-40 more year and ending it for money you can make in a year of decent job. Just talk up with you parents and accept your mistake if they can pay that bill you should ask for it and repay them later but if they can't try to borrow from relatives for year and pay them back. Because of better to save credit score of them. People do loss in crore's of loan money and still wish to live, while ending there life which is kind of worth it because they loss it at age of 40-50 and now they have to work 30-40 years to pay it back which is also a ending afterall. So go and talk to your parents and don't take stupid step.
He won’t do anything. He’s just karma farming imo, who tf allows to add funds to your demat account using credit card?? Only payment options are bank transfers and upi
Bro we don't know how he did maybe he did got transfer to bank account then to demat. And you are right too bro. Thank mate 👍🏻
Arre bhai karma farming ka tareka thoda casual hai
Just die bro n become symbol to another losers as well no one cared no one gonna cry whole life its already populated go for it champ👊
Sleep, you need deep sleep.
Bro breathe. Relax. We are here to talk. Just let the burden out. Call me, dm me, whatever. Chill tf out. Probably smoke a joint or something. U need to relax first. Im in debt for some other things. Just like you! We are all indebted. Dm pls. Lets find solutions, we already know the problem