Lost all money in trading

Is there any one who is lost almost 50 lac and in huge debt of 30 lac at the age of 28.

I am over 50, and I find it perplexing how someone could exhibit such a lack of financial acumen, losing 50 lakhs in trading and accumulating a debt of 30 lakhs. It is truly astonishing that an individual could have initially earned 50 lakhs, only to squander such a significant amount and simultaneously find themselves in substantial debt. Indeed, experiencing a loss of 50 lakhs while being in debt to the tune of 30 lakhs reflects a staggering level of imprudence.

…which appears to be common enough, if we keep an eye on posts in financial forums.
(eg. read dozens of such posts in TradingQnA itself).

Also, for one such person that has lost lakhs in risky trades,
there are 100s of others who would have lost,
but couldn’t / did not get into such dire positions
as they did not have access to such vast amounts of capital to risk and lose. :sweat_smile:

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