1 day ago
Indian-Origin Tech Worker Loses Rs 2.3 Crore Trading
Akshay Sapra is a technology worker living in Canada.
He started buying and selling stocks while he was in college in 2017.
At first, he hoped trading would help him earn extra money.
He began making trades very often and found it hard to stop.
Over time, he lost more than 350,000 Canadian dollars.
He said his childhood experiences and pressure from his parents affected how he thought about money.
He went to a program for gambling addiction, but started trading again afterward.
Sapra now wants to record his trades on YouTube to help hold himself accountable.
Akshay Sapra, a 31-year-old Indian-origin tech worker in Canada, lost more than C$350,000 through stock trading.
He began trading in 2017 while studying at university, initially buying marijuana stocks after a legalization prediction.
Sapra said frequent short-term trading became an addiction influenced by childhood scarcity concerns and parental pressure.
He left software engineering, delivered for Uber, and attended a three-week gambling addiction program, but resumed trading afterward.
After losing heavily on SpaceX-related bets, Sapra said he plans to keep trading and launch a YouTube channel to document his trades.
- Who
- Akshay Sapra, a 31-year-old Indian-origin technology worker in Canada.
- What
- He lost more than C$350,000, or about Rs 2.3 crore, through stock trading that he described as an addiction.
- Where
- The trading occurred while Sapra was living in Canada, including the Greater Toronto area.
- When
- He began trading in 2017 and continued for about four years before suffering major losses.
- Why
- He said childhood scarcity concerns, parental pressure, and a focus on short-term stock movements contributed to his trading addiction.
Key facts
- Reported loss
- More than C$350,000, described as approximately Rs 2.3 crore.
- Age
- 31
- Country of residence
- Canada
- Trading began
- 2017, while Sapra was a university student.
- Treatment
- He attended a three-week gambling addiction program.
- Major failed bet
- Sapra said bets involving SpaceX contributed to losses exceeding C$300,000 in one month.
- Future plan
- He intends to continue trading and create a YouTube channel documenting every trade.
Quotes
Akshay Sapra
Indian-origin technology worker who described his stock-trading addiction
“I eventually went to a three-week gambling addiction program for my stock trading habit, without access to my phone. Ironically, my bot continued to trade. While I was in treatment, some other patients told me I would go back to trading. They were right,”
NDTV
“Even though it cost me $10 per trade back then, I couldn't stop transacting. I would sit at the front of university lectures to ask questions and look keen, but 10 minutes in, I'd be trading on my laptop,”
NDTV
Sources
Related news
Techie Loses Rs 50 Lakh After Telegram Trading Tips
Investor shares seven-year journey from ₹5 lakh to ₹1.30 crore
Abhay Patil Builds AI Fintech From Trading Community
SEBI Finds 88% of Individual Derivatives Traders Lost Money
Pune Man Loses Rs 2.3 Crore in Fake Stock Scam
Nithin Kamath Warns Zerodha’s Margin Funding Business Is Risky
Canada Immigration Crisis Deepens with Extortion, Attacks on Consultants
