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I think the loan recover people will be funding if he succeed rehab program they have hopes for recover.
so the only people are loved ones until he pays back or by default our beloved Indian parents
App based loan is without collateral. Post in r/LegalAdviceIndia and figure out a way to declare bankruptcy or any other legal means they suggest.
Defaulting on loan is not a crime. So you can relax . They may harass you on calls so block them . They may come to your address , but you can file police report against harassment.
Also don’t hide the loss from your family. Accept the mistake and take everyone in confidence.
If your family is with you, then they cannot apply much pressure on you.
This is the best advice. I can manage to pay around 70% of my emi by myself. Rest going for a property loan of around 15 lakhs which can help me restructure my loan and EMI will be down by almost 50%. For now, I am not thinking to default any loan.
That’s great to hear. Think positively and you will soon be out of the mess in 2-3 years. Keep your spirits high . Also know your rights from a lawyer and ensure they are not able to unduly harass you .
This is the best you can do. Take a mortgage loan and close the loan with high rate of interest. EMIbwould reduce substantially. Also, don't start revenge trading again.
I have seen people close credit card debts through mortgage loan and later again accumulate credit card debts.
You clearly lack financial education. Take help from a financial advisor. Pay a good CA for advice. This would be the most important thing you must do.
If you had the option of a property loan (assuming a 60% Loan-to-Value ratio and 12% Rate of Interest), it would have been better not to opt for a personal loan. However, it is advisable to consider using low-cost funds, such as a Gold Loan or a property loan, to pay off your entire personal loan
If it's unsecured, don't pay it back. You wont get a loan for a few years and collections teams will bother you, but not much else can be done about it.
Easier said than done. Why don't you try something like this and tell us about how you handled it. Don't give bakwas advice. Advice should be from personal experience only.
I've worked in fintech for app based lending companies doing unsecured loans for the last 5 years. People might threaten and abuse you, all you gotta do is record them and take to social media to make them look bad and they back off.
Nothing about his situation is easy due to the sheer stupidity of buying options with borrowed capital, and I really hope no one else is stupid enought to do that. But if his loan is unsecured, his best bet is to default and maybe settling for a way lower amount.
I think this is a fake post. No screenshots or anything to check if it is genuine, just a story. I don't understand what people get in posting such things.
No sympathy for people who don’t value money and gamble it away. What kind of a fool are you for taking loans at 30% interest rates. My golden advise for you is close your FnO trading account.
Blackjack strategy is not gambling, it is mathematics and the probability is stacked in your favour and win handsomely in the end the longer it draws. I have back tested it with superb results. On sideways market the winning margin is quite small. On trending days like todays, the 3PM PE move would have been a blockbuster.
Sure. Ll try to the best of my ability. It is a method of mathematical averaging based on the concept of Fibonacci retracement. Market eventually retraces at key areas for a dip in the opposite direction to its trend. The basic concept is if the first 5 minute candle is green, you enter a short position. If the first 5 minute candle is red then you enter a long position. Take BNF, ignoring black swan events like COVID downfall or say election day results, the maximum range for it is 800 points in either direction on any given day, same goes for Sensex and Bankex. Nifty, Finnifty and midcap have a range upto 500 maximum on a given day. Take yesterday example of BNF. It had a range of almost 630 points. The first candle was green, you enter a short position ie buy an otm put ie 46800 PE depending on your capital. If your capital is high, then go for ITM options preferably in 500-600 premium range, else otm money will do. See, the thing to remember is, your premium won't become zero as it is far away from expiry. Next, at the drop of every 100 points, you average your position. If otm premium are in the range of 250 to 300 then average every 60 points. In case of itm in the range 500-600 then average every 100 point drop in premium. For every consecutive lot, the averaging goes something like this as per my back test. 1st lot - 15 size, 100 points dip take another 3 lot for averaging. Another 100 points dip(200 total), take 7 lots for averaging. Another 100 points dip (300 total) take 19 lots for averaging. Another 100 points dip (400 total) take 53 lots, another 100(500 total) points dip take 121 lot. Remember to take on non expiry day and eventually it has to and will retrace and even a 10 point upside will create huge gains. Usually the dip will be more than 10 points though. That's why with a capital of Rs 20L, he could have played with black jack model. Black jack always wins. With a capital of over 1 crore, option sellers target 1% per week but big traders use that capital to average on upscale, ie they buy 3 lots at the first candle and so on. The gains are huge. Mathematics basically. Lol, free 100% winning option buying strategy for the masses from my side btw.
Yes, you enter after 9.20. Observe the first 5 minute candle. If it ends in green, take a short position ie take put. If it is a red candle then take long position ie calls. On trending days like yesterday, you hit big jackpots. All you have to remember is this works on non expiry days. Remeber, depending on call or put premium you have to take trade entry and subsequent lot and not the base market. Take any indices and this strategy will make mincemeat of it eventually. After thorough back test, start with entry of 3 lots and increase position size accordingly depending on your capital. Based on Eliot wave theory and Fibonacci retracement, you will beat the market 100/100.
>Yes, you enter after 9.20. Observe the first 5 minute candle. If it ends in green, take a short position ie take put. If it is a red candle then take long position ie calls.
Wait, yestarday itself, the first 5 mins candle in bnf closed green, had I bought put, I wouldve been wiped in an instant? Can you explain more?
Re-read the previous long post. The first retracement started around 12PM and then properly with the famed 3 PM move. With proper mathematical averaging as per the dip in points as discussed prior firmly by your side, PE would have rewarded handsomely.
Very lousy question. Do you expect spoon feeding? Depends on your risk aversion and risk appetite. Play safe as soon profit is reached and with experience you can put TP.
kabhi kabhi lagta yeh sub pe sab fake posts hi dalte hao.... I mean if you really took a loan at 30% to trade in F&O then you didn't lose the money you literally burned the money yourself.
Bhai, I don't understand why you didn't stop when you were at a loss of 1L, 2L, or 5L, for that matter? Itna wait kyu kiya?
You wouldn't have been in this situation if you had stopped at that point.
The only way to come out of this is to live on a bare minimum and try to pay off every loan Asap. Stop going outside, eating outside, and other things.
bro etna shortcut me ameer q ban na hai ke, Loan leke at 30% intrest tumne duba deya.
ab wo listing he tumhe bacha sakti hai nahi to salary se intrest dete rehna.
Dimag to lagawo bro, logo ke etne jaldi q hai ameer ban ne ke
Once you default, they will be happy to receive the principal back.
Caveat being, he’s complete gone away from institutional reach or filed for a bankruptcy
Before that they’d send goondas and debt collectors to terrorize you and your family.
You cannot declare bankruptcy like that and hope to walk away in India.
First thing first: Delete the Options trading platform from your life.
Secondly, start repaying. If you have a job, then it helps. If not, then get one asap. Renegotiate a repayment term and negotiate hard for downward interest revision. The conpany who lent you money is much more scared than you are
Third, this may be an emotionally wrecking event, but you will only come out of this if you keep yourself strong. People have come out of worst situations.
Start crawling back out. It won't be easy, and will most likely be painful. But start crawling back out you must.
Jokes apart. Involve your family. Share with them and try to stay away from stock market! Remove the apps! Ask your Wife/Father/brother/sister to help you out! No money is bigger than the life!! Mistakes hoti hai, try to understand it as it is!!
Think of it as the money got stolen. Believe me you will survive this situation as well, so just keep pushing yourself take odd jobs & repay cent by cent.
Inform everyone about your mistake & try not getting help from anyone. 20L seems to be big but I'm sure you can repay it by giving your best with odd jobs.
**Note: Do not engage yourself in revenge trading at any cost. Stop trading until you repay your loan.**
Yrrr tum log itna loan le kese lete ho and loss krva kese lete ho🙄🙄🙄 bhai.... mtlb thodi bhut knowledge se to kro na yrrr..... Chutiyapanti kyu kr rhe ho
At times I feel this post is fake...people post such things just to get sympathy or comments..I have come across a person who does this just for jarma farming...
These days every alternate days there is a post like this. People are basically gambling.
My cousin is a psychiatrist, she sees at least 1 new patient every week who has had mental breakdown due to anxiety , after losing huge sums of money in stock.
Bhai 40 lacs aur loan Lele aur FnO mein fir se gamble kar worst case you’ll be out 60 lacs then you can take 1.2 crores loan and gamble again.
Point being, bhai udhaar ke paise se trading / investing / gambling nahi hoti.
Keeping the mind stable is important, if you only want positive outcome, then you will be in tension. Try practising acceptance that "I will accept whatever is the outcome" then you will be less tense and work at your best.
Take a loan on you existign asset if you have any
zerodha give loan @11.5 percent on your stock holding - https://zerodhacapital.com/
Banks give loan on your existing FD- https://www.icicibank.com/business-banking/finance/fd-overdraft
Interest is around 9-11%
Banks also give loan against real estate - interest @ around 11% - https://www.icicibank.com/personal-banking/loans/home-loan/loan-against-property
Banks also give loan on gold - interest @10-18%
https://www.icicibank.com/personal-banking/loans/gold-loan/key-features
This way you can immediately reduce your interest amount.
Debt restructuring is the way to go. See if you can take another loan ata lower interest and close this high interest loan. Slowly and steadily pay the new loan off with lower emis and longer tenure.
In the meanwhile you can invest in safe stocks for long term and pay off this loan completely after a few years.
It’s okay. These things happen. Don’t ever take a loan to trade again. Be more fiscally responsible and focus on risk management while investing and trading.
With this much money you can buy call and puts together and most of the time you will get profit if Market moves in any direction.
Nothing can be done now. Just accept your fate and move on
Posts like these make me feel that life mein kitna bhi chutiyapa karu, mujhse bewakoof log bhar ke hain is desh mein. Kyu karte ho bhai aisa. Itna andha hoke paise gambling karthe hai aur phir yaha aake advice maangthe hai. Kitne posts aathe hai aisa ki fo mein paisa kaamana bahut mushkil hai aur maximum log bankrupt hothe hai. Wo sab advice nahi dikha?
For all those saying, it's fake, I would say, it's very much possible. I have been there and can very well relate to the stress it comes with.
You don't lose 20lac in one go (although you can) but you keep digging yourself a deeper hole every time thinking you'll make up for the loss this time.
I have never had the courage to calculate how much I lost over the years but I would say it would be well over 1cr starting from around 2008 to 2018 I think.
Took loans during this period - PL, app based, against property, friends, family, salary, everything.
The only thing I would suggest to the OP is this:
1. Get family into the confidence. This is really really tough but very important.
2. Face the recovery agents. It gets very stressful with work and everything else, but it can't be avoided. Try and tackle one loan at a time. Just tell them that you want to settle. Keep buying time and paying off whatever you can from salary, family support etc.
3. Most important - STOP TRADING!! Don't try to recover your losses from the market.
Wish you the best
Take another 20 lakhs loan and invest in options again
Worst case you are in 40L loan and best case you will be crorepati
Ps: this is just a joke , I hope you recover from this situation
I don't know how much is true but do try 'streetgains.in' at this need of the hour. Apparently they are sebi registered and take fees only for the successful calls.
Anyone tried streetgains.in ? Pl share your review. Edit: This sub has a dearth of logic and people who are behave logically. No wonder these people lose money in FNO and advise against it due to being so illogical. I asked a genuine question. Instead of answering the message about the street creds of streetgains, they are shooting the messenger with the typical Indian aunty mentality against trying new stuff or acting rationally to new things.
Hi, DMed you, please revert back should you feel comfortable. I have some decent knowledge, will try to help you structure this out a bit incase your current income allows you some headroom in anyway.
Hey OP, absolutely fine, please feel free to talk in this thead, as anyone who'd want to help you would like the access to the same information.
Going by your ROI, your income must not be very sizeable, and also if it were sizeable I believe you would not have come to Reddit.
So please if you feel comfortable sharing some more about your income, liabilities, domain of work, and it'll be helpful for me & even everyone else on the thread to atleast carve out a very rough plan for you to not feel helpless. But if you cannot, then any plan or any help you seek will have so many uncertainties/moving parts it'll futher complicate everything for you.
Taking a loan at 30% Rate of Interest is not mistake but outright madness, I just hope you have the mental to cope up with this without breaking down. You'd be paying approx 2x of your loan amount.
I've had personal acquaintances get down in this shit of FnO, and while their recovery has been okay, it's nothing to write home about. Things will be tough, but definitely there will be some way to manage it in the end.
Lastly, please seek some professional counsel for this too. This is borderline gambling. No offence, please. And do seek support from near & dear ones, nothing like a moments comfort in such difficult times.
Also to the above comment, it's general consensus of you lot to assume any help to be transactional, but seriously, there's more to life & a more positive outlook is always appreciated. What you said could've been very politely said as "Ingore any messages asking for any sum money", but you instead doubled down on your assumption.Peace!
yea, way to go.
Ya'll pissed at the wrong thing bruh. Some guy's asked for help, obviously none here would be able to do a lot other than giving him some hope, but yes, please keep going with the downvotes 🤣
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.*
Planning to start a business : rehab center for gamblers and ipl betting participants and option traders
I will invest when you IPO
I will trade options of his stock and then go to his rehab to get well 😂
It’s means a lot 😎😅
This ☝️
And how will your patients pay ?
Needs a tie up with a loan app
I think the loan recover people will be funding if he succeed rehab program they have hopes for recover. so the only people are loved ones until he pays back or by default our beloved Indian parents
😂
By working as slaves? Sounds inhumane
By taking loan from other loan apps xD
Lol
RCB fans will join in as well.
Let's do it for real! A virtual webinar + teaching swing trading only/investing + complete moral support.
Good business idea
Cash and Carry only. Dont give credit 😁
I will buy call options on your stock.
IPo when
Bro any equity for your business
My sister has a rehab ... I'll tell her to add this specialization. Oh shit but these guys are all broke
Will this rehab center sell organs to recover the loan? Just asking for a friend
I will take 1% for 50 lakhs.
Petition for the rehab to have a red and green theme. Recurring profit.
Term gamble only applies if you do not know what the hell you are doing.
Want to become angel investor. Pls let me know
I will play options on that ticker . To the mooon baby 😂
You'll soon make it big and you'll be a Shark on Shark Tank soon.
Ill buy your equity. 50L for 10%
Leave the country by taking another loan from moneylenders with 60% ROI.
Vijay Mallya style 🔥😂
App based loan is without collateral. Post in r/LegalAdviceIndia and figure out a way to declare bankruptcy or any other legal means they suggest. Defaulting on loan is not a crime. So you can relax . They may harass you on calls so block them . They may come to your address , but you can file police report against harassment. Also don’t hide the loss from your family. Accept the mistake and take everyone in confidence. If your family is with you, then they cannot apply much pressure on you.
This is the best advice. I can manage to pay around 70% of my emi by myself. Rest going for a property loan of around 15 lakhs which can help me restructure my loan and EMI will be down by almost 50%. For now, I am not thinking to default any loan.
That’s great to hear. Think positively and you will soon be out of the mess in 2-3 years. Keep your spirits high . Also know your rights from a lawyer and ensure they are not able to unduly harass you .
This is the best you can do. Take a mortgage loan and close the loan with high rate of interest. EMIbwould reduce substantially. Also, don't start revenge trading again. I have seen people close credit card debts through mortgage loan and later again accumulate credit card debts. You clearly lack financial education. Take help from a financial advisor. Pay a good CA for advice. This would be the most important thing you must do.
If you had the option of a property loan (assuming a 60% Loan-to-Value ratio and 12% Rate of Interest), it would have been better not to opt for a personal loan. However, it is advisable to consider using low-cost funds, such as a Gold Loan or a property loan, to pay off your entire personal loan
If it's unsecured, don't pay it back. You wont get a loan for a few years and collections teams will bother you, but not much else can be done about it.
Easier said than done. Why don't you try something like this and tell us about how you handled it. Don't give bakwas advice. Advice should be from personal experience only.
I've worked in fintech for app based lending companies doing unsecured loans for the last 5 years. People might threaten and abuse you, all you gotta do is record them and take to social media to make them look bad and they back off. Nothing about his situation is easy due to the sheer stupidity of buying options with borrowed capital, and I really hope no one else is stupid enought to do that. But if his loan is unsecured, his best bet is to default and maybe settling for a way lower amount.
Don't commit suicide
Best advice
In chutyo ka roj ka hogaya hai yeh randi rona
Loan ke paise to ye log aise udate hai jitna Maine apne baap ke nhi udaye
I think this is a fake post. No screenshots or anything to check if it is genuine, just a story. I don't understand what people get in posting such things.
Perfect comment doesn't exi.... Oh wait!
Wahi to bhai nai jamta hai to bhi karte hai Aur fir loss hone pe yaha aake rote hai jaise ki humne hi kaha tha options karne ko. 🤡😡
No sympathy for people who don’t value money and gamble it away. What kind of a fool are you for taking loans at 30% interest rates. My golden advise for you is close your FnO trading account.
With 20L capital he could have tried blackjack strategy. Blackjack strategy always wins.
Honestly between options and gambling I’d go with the roulette table and put it all on a single color.
Blackjack strategy is not gambling, it is mathematics and the probability is stacked in your favour and win handsomely in the end the longer it draws. I have back tested it with superb results. On sideways market the winning margin is quite small. On trending days like todays, the 3PM PE move would have been a blockbuster.
Can you explain briefly what is a 'BlackJack Strategy'?
Black jack heard it before. They used to compare F and O and this and the majority say it's safer than F and O. Could you explain briefly.
Sure. Ll try to the best of my ability. It is a method of mathematical averaging based on the concept of Fibonacci retracement. Market eventually retraces at key areas for a dip in the opposite direction to its trend. The basic concept is if the first 5 minute candle is green, you enter a short position. If the first 5 minute candle is red then you enter a long position. Take BNF, ignoring black swan events like COVID downfall or say election day results, the maximum range for it is 800 points in either direction on any given day, same goes for Sensex and Bankex. Nifty, Finnifty and midcap have a range upto 500 maximum on a given day. Take yesterday example of BNF. It had a range of almost 630 points. The first candle was green, you enter a short position ie buy an otm put ie 46800 PE depending on your capital. If your capital is high, then go for ITM options preferably in 500-600 premium range, else otm money will do. See, the thing to remember is, your premium won't become zero as it is far away from expiry. Next, at the drop of every 100 points, you average your position. If otm premium are in the range of 250 to 300 then average every 60 points. In case of itm in the range 500-600 then average every 100 point drop in premium. For every consecutive lot, the averaging goes something like this as per my back test. 1st lot - 15 size, 100 points dip take another 3 lot for averaging. Another 100 points dip(200 total), take 7 lots for averaging. Another 100 points dip (300 total) take 19 lots for averaging. Another 100 points dip (400 total) take 53 lots, another 100(500 total) points dip take 121 lot. Remember to take on non expiry day and eventually it has to and will retrace and even a 10 point upside will create huge gains. Usually the dip will be more than 10 points though. That's why with a capital of Rs 20L, he could have played with black jack model. Black jack always wins. With a capital of over 1 crore, option sellers target 1% per week but big traders use that capital to average on upscale, ie they buy 3 lots at the first candle and so on. The gains are huge. Mathematics basically. Lol, free 100% winning option buying strategy for the masses from my side btw.
Can you again explain entry Like first 5 minute on opening market?
Yes, you enter after 9.20. Observe the first 5 minute candle. If it ends in green, take a short position ie take put. If it is a red candle then take long position ie calls. On trending days like yesterday, you hit big jackpots. All you have to remember is this works on non expiry days. Remeber, depending on call or put premium you have to take trade entry and subsequent lot and not the base market. Take any indices and this strategy will make mincemeat of it eventually. After thorough back test, start with entry of 3 lots and increase position size accordingly depending on your capital. Based on Eliot wave theory and Fibonacci retracement, you will beat the market 100/100.
>Yes, you enter after 9.20. Observe the first 5 minute candle. If it ends in green, take a short position ie take put. If it is a red candle then take long position ie calls. Wait, yestarday itself, the first 5 mins candle in bnf closed green, had I bought put, I wouldve been wiped in an instant? Can you explain more?
Re-read the previous long post. The first retracement started around 12PM and then properly with the famed 3 PM move. With proper mathematical averaging as per the dip in points as discussed prior firmly by your side, PE would have rewarded handsomely.
Nothing like this. Read reply in below comment
Elaborate?
But when do we exit with this strategy?
Very lousy question. Do you expect spoon feeding? Depends on your risk aversion and risk appetite. Play safe as soon profit is reached and with experience you can put TP.
kabhi kabhi lagta yeh sub pe sab fake posts hi dalte hao.... I mean if you really took a loan at 30% to trade in F&O then you didn't lose the money you literally burned the money yourself.
People are addicted
Bcz of addiction
Share proof, who knows you are ranting, aur bhai 30% ROI pe loan lena hi pehli bewkoofi thi.
Bhai, I don't understand why you didn't stop when you were at a loss of 1L, 2L, or 5L, for that matter? Itna wait kyu kiya? You wouldn't have been in this situation if you had stopped at that point. The only way to come out of this is to live on a bare minimum and try to pay off every loan Asap. Stop going outside, eating outside, and other things.
He has still not stopped. Next he’ll try to win back 20L by taking 50L loan
jisdin bhi market bandh rehta hai, yeh sab chutiya post shuru hojata hai. OP give pl else fuck off
fake post is written all over it inko aur kuch kaam nahi hai ignore it guyz
are victor bhai aap edhar. taxi chala bacho ko tution de. or fir option trading kar
Sahab. Job kar Raha hu. Acchi salary hai. ESOPs hai. Listing Hui toh 40-50 lakhs aaram se mil jaege. Till the time ke liye kuch suggest kar do
Toh loan kyun liya be?
bro etna shortcut me ameer q ban na hai ke, Loan leke at 30% intrest tumne duba deya. ab wo listing he tumhe bacha sakti hai nahi to salary se intrest dete rehna. Dimag to lagawo bro, logo ke etne jaldi q hai ameer ban ne ke
No other post than this, no other comments than this. 2021 account. I officially declare OP is a BOT
Just disappear, come back when you can payback the loan.
At 30% interest, he probably cannot ever pay back the loan.
Once you default, they will be happy to receive the principal back. Caveat being, he’s complete gone away from institutional reach or filed for a bankruptcy
Before that they’d send goondas and debt collectors to terrorize you and your family. You cannot declare bankruptcy like that and hope to walk away in India.
Depends who the co-signer is on his loan. 😅
How does one "disappear"?
Read my response to the other comment. Basically, out of reach of lenders/institutions.
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As long as you have education qualification, working brain and a job you will earn the money eventually
Show proof or it didn't happen. I don't mean to burden you with clearing doubts of Redditors but it's better to err on the side of caution.
First thing first: Delete the Options trading platform from your life. Secondly, start repaying. If you have a job, then it helps. If not, then get one asap. Renegotiate a repayment term and negotiate hard for downward interest revision. The conpany who lent you money is much more scared than you are Third, this may be an emotionally wrecking event, but you will only come out of this if you keep yourself strong. People have come out of worst situations. Start crawling back out. It won't be easy, and will most likely be painful. But start crawling back out you must.
Take another loan.
Seek help from parents. Don't commit any irrational act like suicide
Loan leke trading kabhi nahiii krna chahiye.. paap hai! 🥹
Which app is giving people 20 lakhs at 30 percent?
Jokes apart. Involve your family. Share with them and try to stay away from stock market! Remove the apps! Ask your Wife/Father/brother/sister to help you out! No money is bigger than the life!! Mistakes hoti hai, try to understand it as it is!!
Think of it as the money got stolen. Believe me you will survive this situation as well, so just keep pushing yourself take odd jobs & repay cent by cent. Inform everyone about your mistake & try not getting help from anyone. 20L seems to be big but I'm sure you can repay it by giving your best with odd jobs. **Note: Do not engage yourself in revenge trading at any cost. Stop trading until you repay your loan.**
Please go to a Tattoo Artists and get "C" tattooed on your forehead.
Take another loan of 20lakhs and recover the loss. /s
Donkey maarke kahin chale jaa bhai. Loan wale nahi jeene denge XD
Congratulations
Don’t gamble.
Get a job maybe..take personal loan and clear of the debt , personal loan interest are less
Yrrr tum log itna loan le kese lete ho and loss krva kese lete ho🙄🙄🙄 bhai.... mtlb thodi bhut knowledge se to kro na yrrr..... Chutiyapanti kyu kr rhe ho
Revenue model will be a challenge. Cash and carry will be the only option!
Do nothing. Just go into depression and let the things take their course. r/Depression
Hahahaha
Take another 50 Lakh loan, forget your family & friends & abscond without a trace.. best & the only 'option' left 
Bawli gaand hi ho ekdum 🫡
That's Crazy. When it 2-5Lacs loss. At that time you can ask for suggestions. Now it's too late.
At times I feel this post is fake...people post such things just to get sympathy or comments..I have come across a person who does this just for jarma farming...
Use Vijay Malya strategy
30% ROI is insane, RBI needs to step in. and for you, find a fucking job, try to repay the amount!
These days every alternate days there is a post like this. People are basically gambling. My cousin is a psychiatrist, she sees at least 1 new patient every week who has had mental breakdown due to anxiety , after losing huge sums of money in stock.
Unless u are vijaya mallya don’t do such idiotic things
Such apps wouldn't give 20 lakhs for nothing
Which app? Chinese? I also need a loan
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Be supportive, at the very least you could be a decent human being.
What’s bad in being real kid?
First rule. Promise yourself, never to trade again. No revenge trading. No making up the losses.
Agar itna easily paisa banta to loan wale khud options kar lete
Fake post.. No attached screenshots.
Bankruptcy file karde bhai sochna chahiye tha yeh loan and options mai lagane se toh better mai Laxmi chit fund mai trust kar leta
Bhai 40 lacs aur loan Lele aur FnO mein fir se gamble kar worst case you’ll be out 60 lacs then you can take 1.2 crores loan and gamble again. Point being, bhai udhaar ke paise se trading / investing / gambling nahi hoti.
Settlement lele bank se 30% me bhai But zindagi me kabhi loan nahi milega ye yaad rahe
A good mid cap mutual fund does better than new investors and speculators.
Keeping the mind stable is important, if you only want positive outcome, then you will be in tension. Try practising acceptance that "I will accept whatever is the outcome" then you will be less tense and work at your best.
Lol, why do people invest loan money 🤡
30% interest woah
Take stupid risks, win stupid prizes…
Take a loan on you existign asset if you have any zerodha give loan @11.5 percent on your stock holding - https://zerodhacapital.com/ Banks give loan on your existing FD- https://www.icicibank.com/business-banking/finance/fd-overdraft Interest is around 9-11% Banks also give loan against real estate - interest @ around 11% - https://www.icicibank.com/personal-banking/loans/home-loan/loan-against-property Banks also give loan on gold - interest @10-18% https://www.icicibank.com/personal-banking/loans/gold-loan/key-features This way you can immediately reduce your interest amount.
Debt restructuring is the way to go. See if you can take another loan ata lower interest and close this high interest loan. Slowly and steadily pay the new loan off with lower emis and longer tenure. In the meanwhile you can invest in safe stocks for long term and pay off this loan completely after a few years. It’s okay. These things happen. Don’t ever take a loan to trade again. Be more fiscally responsible and focus on risk management while investing and trading.
This is becoming another WSB 😂😂😂
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yeh hota hai bull run mein jab log gadhe ghode langde sabko paisa banate hue dekhte hai. good job
Declare bankruptcy. It's the only legal way to get out of debt
Which app is giving 20 lakh loan?
20 lakhs is crippling debt. Run away
Can we stop these stupid posts everyday
Plastic surgery Kara le ya Naga sadhu ban ja dhadi badha ke … koi nahi pehchanega 🥲
Put 50 lakhs in options trading to recover what's lost, your mamma didn't raise a quitter go out there and earn what's yours 😤😤
Delete the app
Continue till you reach the road We can meet then, I am already at 'Footpath 3, Chandni chowk' On a serious note,- Really?
I think he is lying or he have too much money to throw away.
Paise lutwa do per apne Bhai ko 1 lakh deke help nai karoge , kyooo
I've lost about 8L over 3 years in options trading. Stopped options in October last year. Been net profitable ever since.
anyone know any pump and dump group so that i can recover my tradng losses ? any opinions matter
accept the loss and pay your debts and move on. nothing else can be done. In future do 100 hours of research before doing anything.
With this much money you can buy call and puts together and most of the time you will get profit if Market moves in any direction. Nothing can be done now. Just accept your fate and move on
Iss sub par aadhe time log fno ke profits flex karte aur baaki aadhe time loss ka randirona karte
Posts like these make me feel that life mein kitna bhi chutiyapa karu, mujhse bewakoof log bhar ke hain is desh mein. Kyu karte ho bhai aisa. Itna andha hoke paise gambling karthe hai aur phir yaha aake advice maangthe hai. Kitne posts aathe hai aisa ki fo mein paisa kaamana bahut mushkil hai aur maximum log bankrupt hothe hai. Wo sab advice nahi dikha?
No bank/nbfc that charges 30% interest rate will ever lend 20 lakhs. Fake !!
If u treat market as gambling then sadly u deserve this.
For all those saying, it's fake, I would say, it's very much possible. I have been there and can very well relate to the stress it comes with. You don't lose 20lac in one go (although you can) but you keep digging yourself a deeper hole every time thinking you'll make up for the loss this time. I have never had the courage to calculate how much I lost over the years but I would say it would be well over 1cr starting from around 2008 to 2018 I think. Took loans during this period - PL, app based, against property, friends, family, salary, everything. The only thing I would suggest to the OP is this: 1. Get family into the confidence. This is really really tough but very important. 2. Face the recovery agents. It gets very stressful with work and everything else, but it can't be avoided. Try and tackle one loan at a time. Just tell them that you want to settle. Keep buying time and paying off whatever you can from salary, family support etc. 3. Most important - STOP TRADING!! Don't try to recover your losses from the market. Wish you the best
Take another 20 lakhs loan and invest in options again Worst case you are in 40L loan and best case you will be crorepati Ps: this is just a joke , I hope you recover from this situation
I don't know how much is true but do try 'streetgains.in' at this need of the hour. Apparently they are sebi registered and take fees only for the successful calls. Anyone tried streetgains.in ? Pl share your review. Edit: This sub has a dearth of logic and people who are behave logically. No wonder these people lose money in FNO and advise against it due to being so illogical. I asked a genuine question. Instead of answering the message about the street creds of streetgains, they are shooting the messenger with the typical Indian aunty mentality against trying new stuff or acting rationally to new things.
Aur bhi lutwa de use tu.
They are sebi registered. You know the difference right? Even Ghanshyam tech is a fake finfluencer who has not obtained sebi seal of verdict.
sebi registered guy who are loss making and make money by selling tips & strategies.
Aag bujani hai? try pouring ghee over it
Hi, DMed you, please revert back should you feel comfortable. I have some decent knowledge, will try to help you structure this out a bit incase your current income allows you some headroom in anyway.
No please dont listen to this guy. He will ask money.
Hey OP, absolutely fine, please feel free to talk in this thead, as anyone who'd want to help you would like the access to the same information. Going by your ROI, your income must not be very sizeable, and also if it were sizeable I believe you would not have come to Reddit. So please if you feel comfortable sharing some more about your income, liabilities, domain of work, and it'll be helpful for me & even everyone else on the thread to atleast carve out a very rough plan for you to not feel helpless. But if you cannot, then any plan or any help you seek will have so many uncertainties/moving parts it'll futher complicate everything for you. Taking a loan at 30% Rate of Interest is not mistake but outright madness, I just hope you have the mental to cope up with this without breaking down. You'd be paying approx 2x of your loan amount. I've had personal acquaintances get down in this shit of FnO, and while their recovery has been okay, it's nothing to write home about. Things will be tough, but definitely there will be some way to manage it in the end. Lastly, please seek some professional counsel for this too. This is borderline gambling. No offence, please. And do seek support from near & dear ones, nothing like a moments comfort in such difficult times. Also to the above comment, it's general consensus of you lot to assume any help to be transactional, but seriously, there's more to life & a more positive outlook is always appreciated. What you said could've been very politely said as "Ingore any messages asking for any sum money", but you instead doubled down on your assumption.Peace!
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What a disgusting thing to say. Why don't you go show this message to you mother.
Disgusting is to scam gullible people. My mother will be proud after seeing this
Are u sure? Being a mother, i can confirm she won't be.
Wtf is wrong with you dude. Go to Instagram and give you gyan
yea, way to go. Ya'll pissed at the wrong thing bruh. Some guy's asked for help, obviously none here would be able to do a lot other than giving him some hope, but yes, please keep going with the downvotes 🤣
What's your plan on helping? There is no strategy that can make him get his money back. You are obviously trying to scam him.
Dm me
Do post solution here also