A young man has lost ₹2 crore in the stock market due to his addiction to F&O trading, leaving a salary of ₹3 lakh in debt.:A 30-year-old man who earned ₹3 lakh per month lost ₹2 crore (approximately $20 million) in stock market F&O trading.

News Topical, Digital Desk : Futures and options trading (F&O Trading) in the stock market is a very risky business, and market regulator SEBI has always warned against it. Yet, millions of investors are engaging in F&O trading without any prior experience and suffering significant losses. In this context, a story of one investor's loss has emerged, where a 30-year-old man revealed that he lost more than ₹2 crore in options trading.

Earlier this week, the man revealed on Reddit that he earns ₹2.85 lakh per month but lost over ₹2 crore in options trading and has been borrowing to save himself. He has asked netizens for help on how to reduce his debt.

How did you lose Rs 2 crore in F&O trading?

The man stated in his social media post that he works in a well-known company, and his monthly take-home salary is around ₹2.85 lakh. The man said, "Over the past few years, I have become heavily involved in options trading, which I started as a "side investment" but gradually became unhealthy.

I lost a significant amount of money (over 2 crore rupees) during this time, and to cover the losses and keep things afloat, I kept borrowing. Today, my outstanding unsecured debt is as follows:

Personal loan of Rs 27 lakh
OD loan of Rs 28 lakh
NBFCs loan up to Rs 8-9 lakh
Credit card dues of Rs 12 lakh

What is F&O trading?

In the stock market, futures and options fall under derivatives trading, commonly known as futures trading. This type of trading eliminates the need to purchase shares because traders trade in futures and options contracts. Instead of buying stocks, contracts are bought and sold for different months. This type of trading carries a very high risk and reward. While money is made quickly, it can also be lost just as quickly.