Nowadays the trend of trading in stock market is increasing very fast, especially among the youth. Now more number of youth are investing money in the stock market than before. Some of these youth are investing after doing research and taking advice, while there are many who are investing in the hope of earning money overnight. Many of them do not even understand the market risks and are investing money even by borrowing. On the other hand, a SEBI report shows that 71% people are losing money in intraday trading. In such a situation, the question arises whether the young generation is putting their future at stake to earn easy money?
Last year, a strange case came to Roshan Agarwal, a chartered accountant from Assam. Anand (name changed), an 18-year-old B.Tech student, had suffered a loss of Rs 20 lakh in online trading. He had borrowed money from his friends and also took loans from some dubious apps. Anand told that one of his friends had claimed to earn Rs 1 crore from trading in just one year. He started trading as per his friend's advice and joined Telegram groups where he got information about the stock market. Aggarwal explained to him that he should invest with less money first, but after a year Anand came to him again, this time he suffered a loss of Rs 26 lakh.
Risk hai to ishq hai – This dialogue may sound good in films, but in real life it can prove to be very dangerous. According to SEBI report, while 15 lakh people used to do intraday trading in FY 2019, this number has increased to 69 lakh in FY 23. In this also the number of youth below 30 years of age has increased from 18% to 48%. But the matter of concern is that 71% of intraday traders have suffered losses in FY23.
In intraday trading, shares are bought and sold within the same day. But that's not the only type of trading that's surprising people. The trading trend in the futures and options (F&O) segment has also increased rapidly and so have the losses. 93% of retailers have faced F&O losses in the last three years, with each individual losing an average of Rs 2 lakh.
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Beware of such financiers…
If you understand in simple language, in future trading you speculate about the future price of the share. Suppose the price of a share today is Rs 100 and you think that its price will increase in the future. So you take a futures contract to buy 100 shares. If the price increases you make profit and if the price decreases you make loss.
All this may seem a bit difficult, but nowadays there are many apps that make trading very easy. Additionally, there are many people on social media who call themselves 'Finfluencers' and tell people how to get rich quick from trading. Seeing all these things, everyone is getting attracted towards trading, be it a housewife, a retired person or a student.
This is how addiction develops slowly, just pay attention to these words
On online platforms like Reddit, many people anonymously share their stories of how trading addiction has put them in debt. But despite this they are not able to stop trading. Dr. Partha Soni, psychiatrist at Alpha Healing Center in Vadodara, says the 'dopamine hit' you get from trading is similar to gambling addiction. In the beginning, when people make profits, they feel good and start trading more. Then gradually it becomes an addiction. They think that one day they will recover all their losses.
There are also some new terms used to explain things like 'revenge trading' and 'FOMO trading'. 'Revenge trading' occurs when people continue trading after suffering a loss, thinking they will recoup their losses. Whereas 'FOMO trading' occurs when people start trading themselves after seeing their friends or relatives making money from trading.
Now there is a need to come to the clinic.
Dr. Manoj Kumar Sharma, coordinator of Bengaluru's 'Service for Healthy Use of Technology' (SHUT) Clinic, says that people have now started to understand that trading addiction is also a disease like gambling or alcohol addiction and its treatment is possible. Is. We found the first such case in 2021. The patient was referred to us by his family. He lost his job due to the pandemic and started trading on his phone. Soon, he couldn't stop himself.
Dr. Sharma, whose team has worked on many cases of people seeking treatment for trading addiction. Last year, a 39-year-old man was brought to a de-addiction clinic by his family members after he lost Rs 30 lakh in business. Like Anand, that person had also already suffered huge losses. Treatment usually lasts two to six months, and involves a variety of measures.
Experience is needed here too
Experienced investor Vivek Bajaj connects this to a bigger problem. He believes that the second problem is that unemployment has increased. Apart from this, many advertisements also take the youth in this direction. He also drew attention to fake apps, saying inexperienced investors are lured by the idea of hitting the jackpot. Bajaj says they forget that just as a doctor or lawyer has to practice for at least seven years to become good at his job, trading is a skill that takes years to learn. .
