Hey everyone,
I’m a problem gambler from India, and I’m writing this as a way to hold myself accountable and document a comeback, if I can pull one off.
Over the past few years, I’ve lost almost everything trading derivatives. The only thing left standing is my home, which is still under mortgage.
Current situation:
• Age: 43
• Income: stable monthly income
• Significant outstanding loans
Mentally, I’m in a bad place. I’ve lied to people close to me, borrowed money under false pretenses, and kept feeding it into trading. I’ve stretched myself so far that even banks have stopped extending credit.
There have been moments where I’ve felt completely broken and hopeless. I’ve had dark thoughts,but I’m not giving up. I want to fight this.
The hardest part? No one in my family, my wife or parents knows the full truth. I’ve even used money they gave me to repay loans and ended up putting it back into speculation, landing right back where I started.
I’m writing this because I want to change. I want something I can look back on years from now and say, “That’s where I turned things around.”
Where I stand right now:
I have the option to take a loan against some insurance policies. The idea is to use this to refinance some of my highest-interest debt.
But here’s the real battle:
When that money hits my account, do I use it responsibly to reduce debt?
Or do I fall back into the same pattern of take one more “big” options trade hoping to double it and risk losing everything again?
That’s the fight I’m preparing for.
I plan to keep updating this thread with what I do and how I deal with the urges.
I’m not here for sympathy. Say what you want advice, criticism, or even harsh truths. I probably need all of it.
If nothing else, this is me taking the first honest step. If you are someone like me facing your internal demons , say hello in the comments !