---
title: 'He Lost His House & Entire Trading Capital – A True Story | Bazaar Ke Haare | Episode 2'
source: 'https://youtube.com/watch?v=RwuqOP1_Uig'
video_id: 'RwuqOP1_Uig'
date: 2026-07-31
duration_sec: 3613
---

# He Lost His House & Entire Trading Capital – A True Story | Bazaar Ke Haare | Episode 2

> Source: [He Lost His House & Entire Trading Capital – A True Story | Bazaar Ke Haare | Episode 2](https://youtube.com/watch?v=RwuqOP1_Uig)

## Summary

This is Episode 2 of Bazaar Ke Haare, where a Pune-based mechanical engineer, Mr. Prasad, shares his harrowing real story of losing his family home to a banking fraud and then losing his entire trading capital in the stock market. The episode reveals how financial desperation, blind trust in colleagues' tips, and the removal of stop losses led to catastrophic losses. Prasad also shares critical trading lessons for anyone entering the markets.

### Key Points

- **Trading as a second income from crisis** [00:18] — After a family crisis, Mr. Prasad needed a second source of income. He saw colleagues in his automobile company trading and making profits, so he decided to try trading part-time while commuting.
- **The mortgage fraud** [00:31] — His father mortgaged the family property after a fraudster, in connivance with a bank manager and loan officer, promised a short-term loan. The fraudster never repaid the loan, and the property was eventually lost.
- **Over 150% loan on valuation** [08:44] — The house was valued at ₹86 lakh, yet the bank sanctioned a loan of ₹1.28 crore. This inflated loan made the debt impossible to repay and exposed the complicity of bank officials.
- **A serial conman** [15:03] — In court, the judge revealed that the fraudster was a known conman who had cheated 30–35 families over 30–35 years using the same tactic — even his own aunt was not spared.
- **Bank refused settlement and auctioned for less** [19:50] — Prasad offered ₹80 lakh to settle the ₹5 crore debt (including interest). The bank refused, and later the property was auctioned for just ₹70 lakh.
- **Father died from the shock** [20:52] — When the property was auctioned in November–December 2023, his father — already paralyzed for six–seven years and hoping for recovery — suffered a fatal shock. Sudden gangrene and complications followed, leading to his death.
- **Trading with borrowed money** [33:33] — To recover financially, Prasad topped up a personal loan and invested ₹2 lakh in defence shares based on a colleague's tip, even though he had no trading knowledge. He started with delivery trading.
- **Removing stop loss led to ruin** [40:38] — Prasad believed his stop losses were causing losses because the market would hit SL and then reverse. He removed SL entirely, which resulted in a single-trade loss of ₹80,000–85,000 on Bank Nifty options.
- **The market's trap** [45:57] — He explains that the market first makes you money and shows you dreams, then takes everything. His biggest advice: never invest money based on a friend's or colleague's advice.
- **Three trading myths** [55:50] — Prasad lists three myths: (1) trading is gambling — it is a technical business if learned; (2) stop loss causes losses — SL caps losses; (3) options are better than futures for beginners — new traders should stay away from both F&O.

### Conclusion

Prasad's story is a powerful cautionary tale about fraud, borrowed money, and trading without risk management. His final message: clear your debts first, learn the trading craft, always use stop losses, and never trade with money you cannot afford to lose.

## Transcript

interest rate is 5 CR.  Then we left the house empty.   There were some crises at home due to which I had to generate a second source of income.   If they told you to do it or you started it after seeing them.   I can
do that too while sitting in the company. So I came here thinking like this. That you started trading because of a crisis.  Family Crisis So what was that, Family Crisis?  Papa mortgaged the property and the bank
manager and the loan officer were also involved in it.  Then due to all this, involved in it.  Then due to all this, Papa suffered a paralysis attack in 2017. I am a mechanical engineer by profession.   I work in an automobile company.   There
is a market.  We can also do our market while sitting here.  We will get Rs 300 for 30 days anyway. And at that time he had
After making profit I said hey this is all good. It doesn't take much capital either.  It does n't seem like this either.  Will buy five lots in exchange for one lot. After that my portfolio was down by 50%. After that my portfolio was down by 50%.
Meaning small and big profit. I also suffered losses for five-seven days because I used to hit SL and go up.  Then he said that now we will do one thing, we will not apply SL and one thing, we will not apply SL and after that the correction started.
When I was in college and whatever my past is, I lived a very lavish life. Many times I never refuse the children if they want something.  But if he asks then
I have to think what to do? Father died due to some shock.  That is the biggest loss. Because somewhere, whenever he went, he must have gone with guilt.  What do
you say to them now?   It has been two and a half years since my father left. Till date not even a single tear has come from my eyes.  He did not come at all.
If I break down, I know that if I break down, the whole house will fall apart.
Mr. Prasad from Pune.  There was a time when he had a house worth crores.  Then suddenly a huge scam happened with his father. That scam didn't just take money.  The house was also sold.  As soon as he reached home, all the loans and financial burden fell on Mr. Prasad's shoulders.  Under
pressure, I started trading in the stock market on the advice of a friend. and I took a personal loan of Rs 2 lakh and invested it in the market. And then all the money is zero.
To recover the loss, I also started option trading but the same situation happened there too. All the capital is gone.  On one hand the house was gone , on the other hand the money also ran out and father also left this world.  But despite all this, Mr. Prasad did not give up.
After all, how did the story that started from a house worth crores reach zero cubicle?  And to reach zero cubicle?  And to know where did Mr. Prasad get the courage to stand up again even after such huge losses, watch this episode till the end.
? A I do a A I do a job.  I am a mechanical engineer by profession.  I work in an automobile company.  I have been working for the last 19 years.
work in an automobile company.  I have been working for the last 19 years. Now when I came into trading, three years ago. Ok? Ok? So, there were some crises at home in trading
due to which I had to generate a second income source. And the distance of the company from where I live is And the distance of the company from where I live is almost 1 1/2 almost 1 1/2 hours.  So, 1/2 hour in the morning and
2.5 hours in the evening, my day is spent in that. So, to generate a second income source, I had thought about other options also but they were not possible.  It was not practically possible. but they were not possible.  It was not practically possible. So at that time I saw many people in the company
trading and doing such things. So he was taking profit from there. So after asking him and doing this, I said, okay Baba, I can do this part time while sitting in the company.  So
I came here thinking like this.  There was some profit in the beginning but after making that profit, they will grab everything at one time.  I lost in this affair.
? No, he did.  He said, hey you should also take it with us.  Just as we are earning profit, you will also earn profit.  I said okay, right now I was old and new.  I had no idea what it was like,
We used to say that it is like this, take it here and I don't know when he would leave.  And from there, that is, from my desk to his desk,
whatever was in green, it would completely turn into red.  So that means you had You had no idea what was happening.   They would just say something and you would buy it. Well, this is the story of many people.  Many people trade on the advice of their friends, siblings
or inner circle. And again, when there is loss, then we understand that we should not have listened to them. Family crisis.  So what was that family crisis?  I will tell you a little about it.
Family crisis means my background.  So when I was in college and whatever my past is, I have lived a very lavish life.   There was
I have lived a very lavish life.   There was met a guy in his business. A. Papa's food industry was cashew manufacturing and this is what we used to do.  I was
manufacturing and this is what we used to do.  I was a person from the food industry. Papa got one.  We were having an affair for the last 6-7 months and everything was fine with Papa.   There 6-7 months and everything was fine with Papa.   There
Ok? And in between, Papa needed help once or twice in these six months.  So that guy also helped.  Then uh that was the
identity of 6 months 6 seven months after that happened.  That guy said that he wanted to buy machinery.  So he has submitted a proposal to the bank, Bank of Maharashtra.  He has shown that statement to everyone.
But by the time that happens, 2 months will pass and the machinery will slip out of hand.  So immediately she is giving me that bank from another bank to do this. So will you support me ?  Papa said okay, last time he supported us, so it's okay, what should I do?
He said I am taking a loan from the bank for 2 months, so you mortgage your property. At first Papa was refusing, then later he thought,
yes okay Papa, it's for 2 months. Papa also confirmed that you will do it in two months only. Papa also confirmed that you will do it in two months only. He said yes okay, so yes, in this Baba said okay, let's help you because Papa himself went with him.
help you because Papa himself went with him. He saw the machinery, which machinery he was going to buy, what was it, after all that, Papa said okay, let's do it, if he wants to do it then we will said okay, let's do it, if he wants to do it then we will help him, while doing that,
help him, while doing that, Papa mortgaged the property, at that Papa mortgaged the property, at that time that fraud had happened and the bank manager and the loan officer were also involved in it,
well, this guy committed the fraud in connivance with them. Meaning, you are trying to say that the person who defrauded your father, the He had given the money. He had planned that we will
mortgage his house and eat up the money. Meaning, this valuation is of 2013-14. Meaning, this valuation is of 2013-14.
valuer arrives.  He does the valuation etc. and whatever the valuation is, the bank can sanction loan only up to 80% of the valuation. Valuation took place here.   The valuation was almost 86 lakhs.
We were A and against that 86 lakhs the bank Almost 150% how is this possible?  Which bank does not provide this?  This means that the value of your house was coming out to be Rs 86 lakh and a
lakh and a loan of Rs 1.28 crore was given.  He gave the loan. After giving that loan, that guy did not repay even ₹1. God and then when calls etc. started coming from the bank.   The
and then when calls etc. started coming from the bank.   The nothing happened for the first one year and in that too for five to six months he used to
tell Papa that no, look, this is happening with another bank, it is getting extended a bit, you don't worry about it, after that you will get your house documents and all this, so five to six months went into it, after one year when some action must have been taken against that loan officer and him,
maybe we but he got away.  After that, the second manager came and started coming, Papa also did the same thing, this
your father's business partner, he was not wanting to meet. He did not want to meet Papa.  He was saying I will not do it, I will do it.  Still, not do it, I will do it.  Still, Papa tracked his home location and did all this and reached
Papa tracked his home location and did all this and reached his home.  He was found and that bank guy, father had taken the bank guy there. hold of his hand and he did this and ran away from the road.
Papa told the bank people, look there in front, what are you looking at me for? said no, no, no, we cannot run away.  I did it and left him.  Meaning the loan father's property. He had taken the loan in the name of the company.  That
He had taken the loan in the name of the company.  That guy had opened three companies. He had taken a loan on three companies and this property was the mortgage.  It was our Yes.   There is no hearing for him.  If you get caught,
your father's property will be lost. And all three of those companies are fraud. And all this means that if you go to see it now, you will not get anything.  He will not say that the you will not get anything.  He will not say that the loss happened there, then after that loss, at that time
I did not know anything like this, not know that anything like this had happened, okay, of the pressure,
pressure, asked the doctor, the doctor said that he was under a lot of mental stress and even at that mental stress and even at that time Papa was not telling this.
time Papa was not telling this. Then gradually by doing this I asked them what the problem was?  So in 2017 I understood that this is what happened.  Then I tried at many places with all the people I knew to find out where what was there.
tried at many places with all the people I knew to find out where what was there. That guy is doing Kankauli in Maharashtra itself in Konkan. I used to live there, so I sent people there to see what was happening there, but I did not find any problem there, nothing had happened to him, does he have any
property, we also any problem there either, I did not find anything, so after it did not work out from there,
anything, so after it did not work out from there, then in between I tried with the commissioner, in the political sector, in everything, to see if something could be done from anywhere, what was happening, and the amount was so huge that I would not go to anyone, then
I would not go to anyone, then people used to say only one thing that look, it is for CR, we will do the work but for that you will have to pay a little more money, which means basically you will eat the money from here and if it is recovered then you will have to feed these people also,
and while doing all this I roamed around there a lot and there is a company running there, after coming back in the evening I keep visiting it, in this way many years passed for me but nothing happened from there.
Later, gradually Papa's condition started getting worse and only one thing happened in it. Because of the identity we had, the bank did not take immediate action against us, it was kept pending
not take immediate action against us, it was kept pending in the bank, then the account went into NPA, in the bank, then the account went into NPA, when the NPA account is sold to AMC, the bank when the NPA account is sold to AMC, the bank took it, that guy also
took it, that guy also came home once, we explained to him, he also understood and no action was taken against us.  He understood what was what, not how. He meant as it is. He meant as it is. But when it came in 2023, yes, in 2023, it was already a
30-year-old property. So it had to be renewed because a lot of this was going on and it was an individual bungalow. So I had to do it myself.  I
said we will do the renovation now.  It's like this, if something goes wrong, then this one is gone, that one is gone, so it's better we clear it all in one go. clear it all in one go.
also said yes, it's okay, we have to do it that way, otherwise if after doing this, the same thing happens again, then what will we do, so I filed a case in the DRT court, which is the bank's court, that it is a bank's court, that it is a
fraud of this kind, and after doing this, I filed a case, pay the deposit and all this, and the amount is big, so everything was big, so everything was going on for big amounts, still we did that,
going on for big amounts, still we did that, after going there, my father was not able to go, so after going there, my father was not able to go, so I went to the court myself, when the judge saw, it was our first hearing, when the judge saw, he read out all the names,
without telling me, he was doing this himself, he is telling me, hey, where have you got trapped, I know this guy, you are not the first people,
you are after him, I mean he was a proper conman, this was his work, this was meeting people, building relationships, and after building relationships, selling their house and mortgaging it, and running away with the money. That means, that guy didn't even spare his own aunt.
means, that guy didn't even spare his own aunt. We met her as well. Her aunt also passed away, and in that affair, her son left the house,
Well, I mean, he sold it just like that, I mean, there was an auction, he left it in it. We should see all this.
tell me what can I do, what is my fault in it? because whatever cases used to come before my case, the
judge used to give at most one or two days' time, saying you have 2 days' time, pay the money in 2 days, otherwise do this. This is how it used to be. sympathize with you.
I also know that this fraud has happened. Do said, is it like this, am I not lying?  I am living here, my know at that time that it is like this, I said, he said okay exactly, I cannot do anything going beyond the law, the
most I can do is I give you one month's time, that is, can do is I give you one month's time, that is, yes in one month, he had given three options, the first option was that
somehow the second option is settle with their AMC people or the third option is vacate the house, is
this going to work, I said okay, he said give it in writing, I wrote it down, got it signed from my father and submitted it, after that he means this decision was taken after consulting with my family members, yes that we will do something like this,
because they must have been shocked, they must have felt that they might have to vacate the house, they might have to leave the house that they had built.   That was true but there was no other option but there was no other option because the bank was not going to leave it here for long.  The
property is mortgaged to the bank. We were We should have done something sometime or the other.   Then we told Papa that after worrying at home, it happened
that the guy was fine and we gave him some money and brought him from somewhere.  Firstly, gave him some money and brought him from somewhere.  Firstly,
after getting information from the judge, if any person has cheated 30-35 people by doing this for 30-35 years, and after 2013 [nasal voice] 14, at that time one CR, 14, at that time one CR,
35 crores will come in his account in a month, then why would that person be here, there was no point in searching for him.  So that option is no point in searching for him.  So that option is gone for us.  The second option was settlement.   We have
our own house without taking any loan, still we have to buy it back from the bank. I said okay, I am ready for that too.  So I started the settlement from Rs 20 lakh.
I knew it was not going to reach 20 lakhs. Right now I started with Rs 20 lakh.  I was saying that, no no, I told him tell me how much is your amount,
I increased it from 20 lakhs, my last offer was 80 lakhs, I took 80, take 80, you say yes, within 8 days, 80 lakhs cash was left on your table, this was the bank's offer, not yours, yes I had offered them to SIMC
okay, you tell me, then he said no no no, it doesn't happen like this, then their loan officer of Reliance their loan officer of Reliance said no no, it was a loan of 1.28 crores, on
top of that, after adding the interest from then till now, it is 5 crores, so 80 lakhs in exchange of 5 shares is nothing, I said are you mad, even if you sell my property, you will not get 5 shares, you will agree to 80 lakhs, no no no no, not like this, not like this,
agree to 80 lakhs, no no no no, not like this, not like this, we vacated the house.  Later he auctioned the property and it went for Rs 70 lakh. auctioned the property and it went for Rs 70 lakh.
but did not give you Rs 80 lakh. We don't have 80 lakhs.  Now after this happened, I We don't have 80 lakhs.  Now after this happened, I shifted to a rented house.  After this, Papa's health slowly started deteriorating and in November
2023, guess in November or December 23, the property was that time the family was shocked that we were also offering 80 lakhs and it was sold for 70, so at that with the house, there must have been a childhood too,
how were mom and dad, their entire earnings were invested in that property, invested in that property, now that happened, the property was auctioned in November-December. now that happened, the property was auctioned in November-December.
Ok. Due to this shock, father died. And this is because ever since that bank order came, we shifted to a rented house.   By that time, Papa had completely gone down. Because he must be feeling bad inside thinking
that it was my mistake.  I made a big mistake.  So, but he could not do anything about it, what will he do now, he said okay
father, in 2017 when he came to know that I have been scammed, since then he was in paralysis, and he was in paralysis for six-seven years
still he had hopes because the bank was not taking any action, it was not taking any action, so he had not taking any action, it was not taking any action, so he had hopes that somewhere I have a lot of contacts there, so through these contacts I would be able to find some person, there was some
hope, but when this happened with the house, when the bank took possession and all these options etc. were completed on time, then what was the reason, he completed on time, then what was the reason, he also had diabetes, he had heavy diabetes, the father thought that this was the
only reason, it was a reason and he got gangrene and then he had to operate on it,
his toe had to be amputated, after that he never recovered from there.  Then he was hospitalized for almost four to four months. Hospitalized means staying in ICU.  10, 15, 20 days, after that he used to come home for five days,
We had to take it back again on the sixth day.  They would go down.  While all this was going on, he died on Facebook
this was going on, he died on Facebook and at the same time my wife was there, her leg got fractured, while doing all this, there were her leg got fractured, while doing all this, there were FDs etc.
FDs etc. but how long will those FDs last and all those FDs got exhausted, everything was done, medical emergencies started coming, then this rent and all this court hassle, give money to this person, give money to that person. In all this, the FDS got exhausted.
Then I took a personal loan.  Took a personal loan. Then now I and six people holding me in the house.   Right Then now I and six people holding me in the house.   Right
now, in a city like Pune, to do this for six people, at least your income source should be at least your income source should be above 1.5, then you can above 1.5, then you can manage it equally.  Either I want more than Rs 1.5 lakh or even Rs 1
lakh will do but I want my own house.   That's correct.  Rent is very expensive. correct.  Rent is very expensive. So, because of rent and all that, I had to do that. But the rent was also paid.  Personal loan was also taken.
rent was also paid.  Personal loan was also taken. EMIs increased. I needed a second source of income for regular household expenses and everything else. So the second income source company So the second income source company is also so far away and
I could not even switch to this company in this situation.  If I switch companies then which one to choose, how is it here, at least I have a job in hand, by going to a new company everything would get
messed up stuck in a swamp then he should remain calm, only then he gets hope that he will emerge, if you keep
moving your hands and legs too much then you will get stuck deeper, the same case happened with me because this happened like this, I said that I need a second income source, I told happened like this, I said that I need a second income source, I told my office colleague,
seeing this about the market I said okay this is a good thing, there is a market, if you sit here and do the market then it is also good, I will get Rs.
also good, I will get Rs. 30000 for 30 days anyway, in 30000 for 30 days anyway, in that confusion I came into the markets. Then I used to take deliveries in the beginning. Okay, we'll stop here for a second.  You
because you had no option.  Ok ?  And you told that such a big scam happened with you and your entire family. You had to leave the house.  I had to give up my house.
You lost your father.  Your wife had an accident.  There is financial stress. Wherever you go, people are ready to rob you.  How were you feeling mentally at that time ?  How did you handle yourself?  And what did you feel?  I mean, it felt like, man,
what did you feel?  I mean, it felt like, man, what kind of world is this?  how are the people?  And justice is not available at all.  It is simply said that justice is available in this country.  But the person goes away and the person's case continues. How were you feeling at that time?
Tell me a little about that.  Then we will come to trading. Losses were happening at that time but not at that time, I am talking about today also, the day
we left our house, from that day till today how these three years passed, only I today how these three years passed, only I know because yes, I have emerged from there now know because yes, I have emerged from there now but I have not emerged completely, a
because it will take a lot of time to recover from such a huge damage mean, even when I go before God, I say only one thing to God that
say only one thing to God that you are taking my exam, just give me the strength to defend it.  Because if I break down, I know that if I break down, the whole house will fall apart.   So I can't cry.  You will feel false.   It has been
two and a half years since my father left. Till date not even a single tear has come from my eyes.  He did not come at all. Why?   He did not come at all.
Tears because I know that the day I cry, I don't know how much will happen. So I am avoiding it a lot.   It is a avoiding it a lot.   It is a
But she is not eating inside.  It is eating you.  But how is it that if I become expressive then my family members will do this more because how is mother's condition right now?  Mother, even now many
times, deep inside her, mother feels that whatever she had earned, whatever that whatever she had earned, whatever she wanted to give me, now she does not have anything of her own and she started feeling that because of her, she has become a
burden on me, okay, she is not a burden for me, but because all her friends, mother's friends' children and all this
is settled. I was also settled.  I told you I have I was also settled.  I told you I have lived a very lavish life.  But in the current case, lived a very lavish life.  But in the current case, I am not able to do this to my mother.
Neither do my children nor their children. But most of the time I never refuse the children.  If you need anything.  But if he asks for it, then I have to think what to do, should I take it or not, and my childhood was like this, I would say that I want it, it would come in
front of me in the next two days, my father would get it from somewhere, so whoever is going, somewhere, so whoever is going, I know that we will leave from here with certainty because days change, time is the only
best solution, so time always changes for everyone. Even if there are good times, bad times will also come.  If there are bad times, good times are bound to come back.   There is a saying about bad times that bad times will definitely come and the way you have
explained this thing, I am able to understand how much things are there inside you.  I hope if you share it a little, you are sharing it and you will share it with your family members too because [nasal sound] sometimes what happens is that we
keep so many things inside us that we think that no, no, we are told and told that problem is, you have to solve it, the boy has to look after everything, the boy will do everything, a boy cannot cry otherwise he will become weak, this is what we are taught, but sometimes
this is what we are taught, but sometimes we also have emotions and feel that this world is not for good people?
as it happened to you.  It has happened to your family. You have not done anyone wrong.   I have done my work.  In fact, you trusted someone so much that you mortgaged your house. you might be thinking what a stupid thing my father has done.  I mean
how can I do it.  But he was a good man.  He was a gentleman that he trusted me because sometimes business also runs on trust.  So how do you feel now, meaning will it be easier for you to trust anyone now ?  No, I ca
n't trust it easily right now.  I mean, there is a saying that if the mouth gets burnt then a person if the mouth gets burnt then a person drinks buttermilk very carefully.  So that's the thing.   It's drinks buttermilk very carefully.  So that's the thing.   It's fine now.  He made a mistake, this happened.   We have to learn whatever we have learnt from
fine now.  He made a mistake, this happened.   We have to learn whatever we have learnt from them and move forward. them and move forward. I have set the same target for myself.  And as far as the I have set the same target for myself.  And as far as the world is concerned, I told you that I am not
such that I do not get down.  Whenever I am mentally disturbed or something happens, I don't talk.  I'm the only one who does this.  Doesn't talk.  I keep sitting in front of God.  And whatever you want to share, share it with God.
share, share it with God. And all I want to say to them is And all I want to say to them is that you are taking the exam, you take the exam. Just give me the strength to bear this.  Because these days will pass away.  It has been
these days will pass away.  It has been 3 years since I have been saying yes and no.  As was 23.  24 is 3 years since I have been saying yes and no.  As was 23.  24 is slightly better than 23.  There was loss in 24 also. 25 [nasal sound] was a little better than that.  My mother is currently in her 25s and is currently
bedridden.  Last year in June, without any reason, I reached 25 till June.  There was no problem at all. I said that okay, if everything is set now then
I said that okay, if everything is set now then next year we will think about our own new house.  It had reached next year we will think about our own new house.  It had reached this level.  But this level.  But in June, my mother slipped at home.  Was
alone at home.  His front leg slipped forward and his back leg slipped backward.  And the femur bone got fractured.  So, five to six plates were inserted in the fractured femur bone.  Because of that the five to six plates were inserted in the fractured femur bone.  Because of that the bed rate was not charged at 4 1/2 five rupees.
Meaning that the damage is not stopping.   It has been controlled.  But there is no stopping like this.  When problems arise, they come one on top of the other, one on top of the other.  Mental as well as physical stress is increasing. Financial stress is also increasing.  Mental
Yes. And in the meantime you decided to start trading. Yes. So as you were just saying, it is Trust is not easily achieved now.  So how did you trust your colleague and say let's do
trading?  Money will be made. Because he was showing that profit in front of me. accepted it. Yes.  If some guy comes in front of me and says goodbye to me.  He is selling in front of me and I
earned so much. For how many days did you show this? For how many days did you show this? He showed it to me for five-six days in the beginning. I understood?
I started working hard and thought, okay Baba, these five-six days are going to be in profit.   So let's start. We will also do it. In the beginning, I was doing whatever he was saying and in the beginning, I used to take deliveries first.
Ok? At the time of delivery and at that time, I had invested Rs 2 lakh in the market by topping up my personal loan. these problems.  And then you took another loan to earn money from the market.
At least EMI will be spent on earning money from the market. I had this in mind. In hope. So put 2 lakhs.  After investing Rs 2 lakh, defence shares were running very high at that time. When did this happen?  When did you start
trading? 23 will be around 23 or 24. You started before that.   I had just started.   I had just Ok. So, defence shares were running high there, so I bought
defence shares, my friend who is a colleague opened an account for me, I did it there, then how it went up,
₹500 came in, I used to leave it, I did not keep it for long, left it, so
8-10 days.  I said this is good. Right now my capital is increasing by 500 500 500. Right now my capital is increasing by 500 500 500.
how the defenses were happening every day, now it started increasing, then it was increasing.  So I thought it would be better if I invest only once and in a single share if it increases by Rs 1000.   Let
I am buying 10 shares.   It would be manage here because the price is rising by 50 daily, I bought it
thinking that top,
when the defence shares started falling, after that it came down by 50%, that means now 50% was only defence.   It is not that Yes, my colleague had told me. Defense will increase.   I had
taken it by saying that the defence would increase and after that the portfolio was completely down, I showed it to him also. Look, you had said this and had done it. No, it is defense, he will definitely run.  Don't worry.  Don't worry. I still tease him even today.  Look, the
price that I had taken has still not reached the defence.  HL and Mazga Dog are the reached the defence.  HL and Mazga Dog are the two that I had bought at this level, that price has not been seen till date. Although both the shares are good but the same
thing is that every share, no matter how good the company is, is good only at a certain price. not necessary that the good company will become a good investment. But when he came down again, he
told me another option. Ok?  This is 50% down, will we do one thing? You should buy options, it is not much in options, it costs only Rs. 5-7000, so for Rs. 5-7000 you will have one place, yes I asked how it works, he
yes I asked how it works, he said I will show you, then he showed me, we traded with me for a day or two-three days, profit and that was at the same time, my EMI was also
going on and there is medical here as well, I was not able to manage everything and the portfolio was already down by 50%, the defense shares were going down, so I said let it go, it will be better than incurring loss,
I was selling little by little, and options at one place and traded with him for two-three days, it was good, I bought only one lot at a time, he made profit by buying one good, I bought only one lot at a time, he made profit by buying one
said yes, this is good. And then he stopped options trading. He said no, I am not going to do it because he himself does trading with huge capital. Meaning he earns at least Rs 20 to 25 lakh intraday.
you created the portfolio on defence? 2 lakhs. 2 lakhs because you did not have more money than that. Put more. Yes.  If I had stayed, but obviously it is coming,
Yes.  If I had stayed, but obviously it is coming, I used to invest more and those things happened to me later in options options.
After making profit, I said, hey, this is all good, it does n't require much capital, it doesn't cost much. We will buy back five lots in exchange of one lot. I profit in that. After that, I said, hey, I have learnt everything from five lots, I
know how to do it. So, I took whatever portfolio I had and made it zero. I went to another went to another broker and invested it there
broker and invested it there in options. At that time, I used to take long options, meaning monthly, next month's expiry and it would be like this, they used to do it index, index, well, in index also you used to do it in monthly expiry,
in monthly expiry, okay and what does this mean, like your friend, he raised his hands saying that I do not want to do trading options trading, so at that time there was introduced me and is running away, so how can I do it? No,
he said I don't need it, I am also said that you should not do too
seeing consistent profit, for five days with one lot each, then I did five lots, days with one lot each, then I did five lots, even at that time it came out equal, so it means that I felt that no, I am learning it, I can do it now,
you were doing this on your own without learning, yes, without learning on your own, then he said okay I will do it now and then I picked up 10-10 lots, I picked up then I picked up 10-10 lots, I picked up
10 lots of Bank Nifty. Good. And I bought it at the top.  Same thing happened, it came back down and my expiry was 2 months ahead.
So he did not come down. Before that, I used to keep the SL small once before that happened. Before that, I used to keep the SL small once before that happened.
I did not suffer any loss for five-seven days. But why did that happen?  Because SL used to hit and run up. I said that we are incurring loss because of our SL. This thought came to my mind.
Then he said that we will do one thing here also, we will not apply SL.  That's why I used to expiry is in the next month anyway, so I leave it like that.   Did in trading and that is why I am incurring losses? You think that I am placing SL and that is why I am incurring losses
? Yes, I mean I thought that because we are applying SL, it is hitting the SL and is going up.  If I apply a new SL, it will not hit. Ultimately the market has to go up.   I was
thinking that if I keep running now, the market will definitely go up. that if I keep running now, the market will definitely go up. After that I made a trade and in that trade I was seeing 10,000 in minus.  The
entire week looked to be in the minus 10,000 range. But I was carefree, still I did not put SL and said okay let it go.  The expiry is next month, by then it will definitely rise. This happened and the next week or next
to next week suddenly the market jumped and whatever was in minus 10,000, I Hum Hum I said yes, this is the right thing now.  If you
We did it like this again and I said okay. I said, look, this month's EMI of Rs 32,000 is also gone. I was happy.  I said, we will do it like this for now.  We learned the entire market, so
after that, the next trade we took was 10 lots in Bank Nifty and after that the correction started, no need to place ASL,
visible, we had taken 10 lots, it was showing -40000, I said one loss, yes it was a loss, I said -40000, it is okay, if it falls this month then it will rise next month.   That's why averaging. We
averaged that back. After averaging, in that trade, my highest loss was Rs 80 or 85,000 in a single trade.
That is the biggest loss. even closed my account.  I stopped completely. I said no, I am not going towards the market right now. I said no, I am not going towards the market right now.
I used to watch this only, then that CNBC Awaaz and this, then I used to watch videos of all other people on YouTube, then when I
saw your video, even after watching your video, I said no, it is okay, all these people are saying that when they say, it happens according to them on time, it does
not happen according to me, then I said no, then the levels which you had given, I tried it six-seven times, whether it is on time or paper trade etc., I did not know anything about this, I said I will do only one thing, I am listening to this guy, I will listen for six-seven days, which levels he is saying, what to do on
time and what not, I marked accordingly and was just watching, I just observed for six-seven days, what will happen by doing this and what will happen by doing that and for how many days when the probability came that it is okay or not.  Then after 1 month
Well, I said okay.  Currently the capital is 5 10.   I will I said okay.  Currently the capital is 5 10.   I will put that much and started again with one lot. Profits started coming back. So they used to do this level to level.
You used to watch my videos and trade with them.   At marking this level.  When we used to do that, we used to do it with one lot, we used to make
profit at that time, after that we also incurred loss at the same time, so smoothly, when I cross-checked, how did this loss happen,
how did this loss happen, then at that time slowly I understood my mistake, when to look at the 5-minute candle, when to look at the 15-minute candle, how to manage risk, then after the rest of your videos came, slowly slowly I still don't think
that I am a foolproof trader or is it like that, but at least I can handle my risk, at least I am aware of least I can handle my risk, at least I am aware of and if there is one trade in a day, okay, even if there is a loss,
silent, down here, next time I used to take put option, then the market used to go up, in that cycle, it got stuck on both sides, if it went up, it got stuck there, then it would come down, it got stuck
stuck on both sides, if it went up, it got stuck there, then it would come down, it got stuck there, so you told me that when you come into trading, these mistakes of yours, many people make these mistakes and these things which we  People have just started this series on market losers, its main
purpose is that the new people who come can avoid these mistakes and what is the biggest mistake, it is very common for many people, you guys tell in the comments, many people 's friends, colleagues call and give tips, I have received a tip.
put in their money and make money a couple of times. And the market has a habit that the market will call you first.  Will make you money.  She will show you dreams and then take away all your money.  Then she will take more money from you in the hope of getting extra money from you.
more money from you in the hope of getting extra money from you. So never invest money in the market on someone's advice or on the advice of a friend. Secondly, you said that I used to incur losses due to stop loss.  But now you will know how important stop loss
breathing without oxygen.  If you breathe without oxygen, the breathe without oxygen, the line ends.  And thirdly, in your scenario, you took a loan.  You had an expectation.   There was also your compulsion in your scenario.  But
tell me yourself, will you suggest a loan? Anyone want to take a loan and trade in the stock market?  Did not come. Even I would like to say that ah when we started crypto, right now I myself am also in the crypto VIP group.
We have met live many times and have also traded in crypto at that time.  But at that time, even today I did not apply for Algo.  Because it is my
is a different.  But our first priority is that I have to Exactly so I have
very good thing. So I said, okay, whenever you are live, whenever I have capital, I will trade whatever I have on time. Absolutely a very good decision.   To do that, I should pick up more from here
or take it from someone and do that, I stopped doing those things.  And I think that is why you have developed that wisdom because you have already seen a lot of stress in your life long ago, so you had to take every step very carefully, even then you have suffered a loss
in the market, but the same thing is that if you had not made that financial mistake of your father, then you could have because you did not have it, so you did not lose it, but if you had it, you would have lost it, so you should never do
trading by taking a loan not need it. If you don't need to make money in the market, or if you think that I do n't want to make money, it's okay, I've invested, if it makes sense, if it does n't, it won't.
[nasal sound], then the market will make you money. If you don't think that I have to meet my monthly expenses, I have to pay my house rent, I have to pay my college fees, I have to pay my mother's hospital bills,
but it will never be the same, so important thing that a person should understand. So, you have faced so much in life,
your father was cheated so much, you suffered losses somewhere in trading, but still you are standing. First of all, I salute you for the courage you have shown, you have not lost courage, and even now, somewhere
on your face, that smile was there, I mean, when you were telling the whole story, there was you were telling the whole story, there was a smile on your face, thinking that this happened to me, where does this courage come from? To be honest,
I have a guru.  Meaning there is a Guru in our family.  A I listen to them.  You may or may not know.  Aniruddha Bapu ji Yes, I follow him.
I follow him. And whenever I get disturbed or I do n't know how, I watch it on YouTube, similarly while commuting, the travel distance is a lot, so while commuting in the cab, I keep
watching YouTube or something like that, questions are in my mind, I get the answer from there on time,
their other shots will come, or else at least one of their clips will come in which I get the answer to my question, and whatever I have done till now, I have
and whatever I have done till now, I have understood only one thing that this is a phase, this understood only one thing that this is a phase, this phase comes in every person's life, my first time was good, this is the
bit critical, but this phase will also go away, only then it will be good again.  We will go to see it as per the market.  Even if the market has to go up, it will have to go down once to get liquidity.  So it is the same thing.  I
think like this and it's okay now.  This is the phase of taking liquidity, so there is panic going on there, when we go a little, we will bounce back strongly. Meaning you have compared everything with the stock market.
Yes.  Well, when you compared, tell me what Which applies in life as well as in the market.  One
We have to be prepared for that. For example, the market is going up.   It will also come down in the next second.   Just now [sound of clearing throat] my selling from the day before yesterday, suddenly selling came.
we were the guys who were prepared for that, if I had been the same person as before, guys who were prepared for that, if I had been the same person as before, 80 at that time.  If the same case had been there at this time, I don't know how much I would have slept in it. First of all,
we should remain humble and down to earth. We should not predict anything. Believe in what is visible in front of us not predict anything. Believe in what is visible in front of us
and take your next decision accordingly.  Your suffered a lot.   I suffered a lot at the last moment.  If your father were alive today,
what would you say to him? Meaning, after all this, we have done damage recovery somewhere or the other. damage recovery somewhere or the other. If he were alive today, what would you say to him?
Because somewhere, whenever he went, he must have gone with a feeling of guilt.  So what would you say to them now? I would tell them that whatever happened, happened.  Don't I would tell them that whatever happened, happened.  Don't
sure that even my mother would not know all this in such detail. The day this podcast is released, my mother will definitely watch it.  So through you I want to tell this to mother also.  Don't watch it.  So through you I want to tell this to mother also.  Don't think too much.
I will write down whatever has happened.  In the next 10 years, I will make it 10 times more than that.   I have that much Absolutely. And how will that happen, what will happen, I cannot tell even today.  But I am sure that you will get 10
sure that you will get 10 times more than what you lost, for sure.  So let go of what happened.  It is his age to relax. They want enjoyment. I am ready to give them whatever they need.  All I want to say to you
aunty is that if you are watching this video, watching this podcast, then I salute the spirit of your son, your spirit and the spirit of your entire family.  Are you trading right now or not?   Are you continuing trading? A continuous means how am I right now?
After getting my salary, I first put in the EMI and all other things.  After that, we will invest that time in trading, but that time in trading, but even at that time in crypto, when you are live, I
even at that time in crypto, when you are live, I still don't feel like trading alone or doing anything like that, you should not trade with me also. Whatever your current financial condition is, your
first priority should be that you are in survival mode.  Growth will you are in survival mode.  Growth will come next.  So first of all, how can I clear all this headache, tension, financial burden, EMIs ?
Clear them quickly.  After that, when I cleared all this, I became mentally free. When a person is mentally free, then the same thing happens that when bad times come, come, the beauty of time is that when good times come, doors start
opening one after the other.  Then I feel that this is life, friend.  So don't trade now. leave trading completely because the same thing is that to do trading the mind should be
you talk to your mind, your mind will not remain free because every night at least one thought will come to your mind that the month end is coming, how much money is there in the account, how much is pay the EMI soon, so first
start investing a little, do some SIP, invest some money for your children, start doing this, once this biggest stress of yours is over, then slowly money will also come to you and if you want then you can
if you want to start trading then do not do it without learning.  End SL does not cause any harm.  It is only through not do it without learning.  End SL does not cause any harm.  It is only through SL that you survive in the market. Okay, I want to ask you one last thing that you have learned so much about trading.
Three things that are completely wrong about trading.   First of all, about trading.   First of all, gambling.   It is said that trading is gambling but gambling is not like that.
We play it like gambling, that's why it is gambling. someone does not know and is playing, then he is definitely gambling.  But the one who has We are not that gambling.  It is a pure technical
business and if a person studies it and gains some knowledge in it then definitely he will become successful. Secondly, there is loss due to SL.  That is my
I incurred loss by applying SL, but if We think this thing is wrong.  SL must be applied.  And
this thing is wrong.  SL must be applied.  And if SL is placed then one should We have sometimes, many times, this thing has happened to me myself many times. I had placed an SL on one item.  SL was placed, SL was hit
and after hitting SL again the market was going up.  After doing this I jumped back into that trade.  We do n't do those things.  After doing that thing, there is loss again. SL is required.   It is not that SL increases your losses.
SL rather caps your losses. Reduces it.  Keeps it to a limit. And thirdly, especially for the new traders.  As you said, trading
traders.  As you said, trading options is better than futures. options is better than futures. Make an investment.  Increase your investment and if you have to do it then there are Make an investment.  Increase your investment and if you have to do it then there are many things like MTF also,
you can take small trades in MTF whose validity is for 3 months, there is whose validity is for 3 months, there is not much loss in it, by doing this there, looking at the charts, if you do SL and this then maybe the loss will be less, profit will be
more and MTF is also not as risky as options, so and MTF is also not as risky as options, so my advice will be that the new traders should first stay away from options and futures. Absolutely, look, I would just say that the
future and options that were introduced were main purpose of introducing futures and options was for hedging, that is, if your portfolio
the market falls, then your portfolio decreases. So, even if the market is falling, how can you cap the losses in your portfolio ?  For that, futures and options were introduced.  What people think these days is
that the premium of one has gone up to 200.   That means if I had invested Rs 1 lakh, I would have got Rs 2 crore.  It looks good on paper. Practically that is not possible.  And see, you will not suffer loss every time in the market. You too may not have suffered losses every time.  The
market will definitely give you profit from time to time.  So profit does not give you any hope that if not today then tomorrow it will be made. So that might happen to you once or twice that you made 10 out of 1.  But if you think about it, this is going to happen every day.  So because of that
you incur losses.  So if you are coming into trading, first of all invest only that money not a big deal.   The market charges fees from every person.  Firstly, we pay the fees for learning and Guru Dakshina.  The market also takes its guru dakshina.
Now it is up to you and we are making this series so that you pay minimum fees to the market.  Otherwise there are many such mistakes which people understand only after making them. And in this conversation that we had with you, we
in trading or whatever mistake your father made in life, if a person can made in life, if a person can learn even a little from it, then somewhere or the other, it will be better and the person will avoid making mistakes.  But it was great talking to you.  Shri
Prasad ji, I also got to learn many things about how our system is? How are humans?  When a person goes through bad times, people irritate him more and try to rob him more.  But the way you are standing and the way you
said with confidence, with conviction that I will make a comeback.  I am absolutely sure that that comeback will definitely happen.  Thank you for coming.   Thank you.