{"id":2882,"date":"2026-02-05T18:01:03","date_gmt":"2026-02-05T10:01:03","guid":{"rendered":"http:\/\/longzhuplatform.com\/?p=2882"},"modified":"2026-02-05T18:01:03","modified_gmt":"2026-02-05T10:01:03","slug":"buried-under-%e2%82%b970-lakh-debt-how-a-familys-success-kid-got-trapped-in-fo-trading","status":"publish","type":"post","link":"http:\/\/longzhuplatform.com\/?p=2882","title":{"rendered":"&#039;Buried under \u20b970 lakh debt&#039;: How a family\u2019s \u2018success kid\u2019 got trapped in F&amp;O trading"},"content":{"rendered":"<p><\/p> <div> <p lang=\"EN-GB\" paraeid=\"{5fb0b936-9b03-4718-a222-96301866a14e}{62}\" paraid=\"1117253582\" xml:lang=\"EN-GB\">At a time when the Budget 2026 proposal to hike Securities Transaction Tax (STT) on futures and options (F&amp;O) trading has sparked sharp debate, a fresh cautionary tale from social media has once again put the spotlight on the risks of retail derivatives trading.\u00a0<\/p> <p lang=\"EN-GB\" paraeid=\"{5fb0b936-9b03-4718-a222-96301866a14e}{75}\" paraid=\"544958384\" xml:lang=\"EN-GB\">An X user, Nihal Gupta, has claimed that his \u201csmartest cousin\u201d lost everything after getting hooked on options trading, eventually slipping into a \u20b970 lakh debt trap. The post, which has gained traction on the platform, narrates how what began as a promising career spiralled into financial distress over a decade.\u00a0<\/p> <p lang=\"EN-GB\" paraeid=\"{5fb0b936-9b03-4718-a222-96301866a14e}{80}\" paraid=\"219437123\" xml:lang=\"EN-GB\">In a detailed thread, Gupta wrote that his cousin was once the \u201csuccess kid\u201d of the family \u2014 a Tier-1 B.Tech and MBA graduate who landed a \u20b912 lakh-a-year job in 2013, bought a house, and moved his parents in. \u201cEveryone was proud,\u201d he said.\u00a0<\/p> <div class=\"embedcode\"> <blockquote class=\"twitter-tweet\"> <p dir=\"ltr\" lang=\"en\" xml:lang=\"en\">My smartest cousin lost everything in options trading.<br \/>Here\u2019s how a genius fell into a \u20b970,00,000 debt trap \u2014<\/p> <p>1. He was the \u201csuccess kid\u201d of our family \u2014 Tier-1 Tier-1 MBA, 12L job in 2013, bought a house, moved his parents in. Everyone was proud.<\/p> <p>2.\u2026<\/p> <p>\u2014 Nihal Gupta (@nihalg_trades) <a href=\"https:\/\/twitter.com\/nihalg_trades\/status\/2019135651682332911?ref_src=twsrc%5Etfw\">February 4, 2026<\/a><\/p><\/blockquote> <\/div> <p lang=\"EN-GB\" paraeid=\"{5fb0b936-9b03-4718-a222-96301866a14e}{85}\" paraid=\"1946867545\" xml:lang=\"EN-GB\">According to Gupta, the trouble began when his cousin discovered options trading. Initial profits led to larger bets, which soon turned into mounting losses. \u201cThen came the thinking: \u2018Just need to recover once\u2019,\u201d he wrote.\u00a0<\/p> <p lang=\"EN-GB\" paraeid=\"{5fb0b936-9b03-4718-a222-96301866a14e}{90}\" paraid=\"480087481\" xml:lang=\"EN-GB\">The situation worsened after his cousin quit his job to trade full-time. Personal loans were taken, the home loan was increased, and trading continued in search of a comeback that never materialised. Over nearly 10 years, Gupta claimed, the losses in F&amp;O trading crossed \u20b91 crore.\u00a0<\/p> <p lang=\"EN-GB\" paraeid=\"{5fb0b936-9b03-4718-a222-96301866a14e}{95}\" paraid=\"1887088266\" xml:lang=\"EN-GB\">Today, the cousin is 35, unmarried, working at a bank for \u20b917 lakh per annum, and struggling with \u20b970 lakh in debt. \u201cHe may even have to sell his house to survive,\u201d Gupta wrote.\u00a0<\/p> <p lang=\"EN-GB\" paraeid=\"{5fb0b936-9b03-4718-a222-96301866a14e}{100}\" paraid=\"2145101040\" xml:lang=\"EN-GB\">The post ends with a stark warning: \u201cIn markets, intelligence is not an edge. Discipline is. Overconfidence destroyed what talent built.\u201d<\/p> <\/div> <p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>success kid F&amp;O loss, options trading losses India, F&amp;O trading debt story, retail investor derivatives risk, viral X post options trading, Indian stock market cautionary tale, livelihood crisis options trading#039Buried #lakh #debt039 #familys #success #kid #trapped #FampO #trading1770285663<\/p> ","protected":false},"excerpt":{"rendered":"<p>At a time when the Budget 2026 proposal to hike Securities Transaction Tax (STT) on futures and options (F&amp;O) trading has sparked sharp debate, a fresh cautionary tale from social media has once again put the spotlight on the risks of retail derivatives trading.\u00a0 An X user, Nihal Gupta, has claimed that his \u201csmartest cousin\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[9054,9055,9049,9056,9059,9052,9057,2052,9053,9048,9050,4271,9047,552,9058,9051],"class_list":["post-2882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-039buried","tag-debt039","tag-fo-trading-debt-story","tag-familys","tag-fampo","tag-indian-stock-market-cautionary-tale","tag-kid","tag-lakh","tag-livelihood-crisis-options-trading","tag-options-trading-losses-india","tag-retail-investor-derivatives-risk","tag-success","tag-success-kid-fo-loss","tag-trading","tag-trapped","tag-viral-x-post-options-trading"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/2882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2882"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/2882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/2883"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2882"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}