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Techie Loses Family Savings, Faces ₹38 Lakh Debt After Colleague Introduces Trading
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News18•02-10-2026, 17:00
Techie Loses Family Savings, Faces ₹38 Lakh Debt After Colleague Introduces Trading
- •A 35-year-old IT professional lost his parents' ₹14 lakh savings and accumulated ₹24 lakh in debt after a colleague introduced him to stock market trading.
- •His interest in trading sparked after seeing a colleague's quick profit of ₹12,000 in 45 minutes from Nifty options intraday trading.
- •After an initial ₹18,000 profit, he started losing money, leading to "revenge trading" where he made 30-40 trades daily, with brokerage fees eating into any wins.
- •He hid his escalating losses and trading activities from his family, taking loans under false pretenses and even resorting to instant loan apps.
- •Loan recovery agents eventually exposed the full extent of his ₹38 lakh financial crisis, leading to his wife leaving and his child's school fees bouncing.
Key Questions Answered
The 35-year-old IT professional became interested in trading after a colleague showed him a Zerodha dashboard during lunch, displaying a profit of 12,000 rupees in 45 minutes of Nifty options trading.
After losing 50,000 rupees within minutes by ignoring a stop-loss limit, he engaged in revenge trading, deploying 14,000 rupees of family savings and eventually borrowing 24,000 rupees through bank loans and instant apps.
His family learned about the financial crisis by late 2025 when loan recovery agents started visiting their home, after which he confessed to the wiped-out savings and 24 lakh rupees in debt.
