I’m sharing something very personal from my life and I genuinely want honest opinions from everyone.
My younger uncle has been trading for almost 2 years now. At the beginning, it seemed like he was learning, but gradually it turned into something like an addiction. Over these two years, I haven’t seen any stable income or consistent profit—only repeated losses. He claims that at one point he made around 50,000 taka in profit, but due to poor risk management, he lost everything. To continue trading, he sold his expensive phone, sold a car worth nearly 500,000 taka, and also took money from family members (he denies it, but I know the truth). Now he barely owns anything—just a low-end phone and a laptop, which he uses for trading. I never wanted him to become a billionaire or millionaire. I would be completely satisfied if he earned even 10–20 thousand taka per month. I have repeatedly advised him to quit trading and take a small job, but he refuses to listen. He is so frustrated that he still says whatever little money he has left will also go into trading, and if that’s gone, he will be “destroyed.” Another important issue—he was addicted to drugs (yaba) for about 1–2 months before. I stood by him even during that time. Now he says that in the future his wife will not be allowed to work outside, will have no income of her own, and everything will have to depend on him. His family has almost given up on him. He lives alone with our grandmother. If I leave him too, he might completely collapse—that fear is what’s stopping me from making a decision.
My questions are:
→ Am I wrong to tell him to get out of the trading life in this situation?
→Am I asking for something unreasonable, or is this actually a serious red flag?
Honest and realistic opinions would really help.
Trading is a psychological thing. And in the current situation that you are talking about, your uncle is under a lot of mental stress and debt. He cannot take any right decision now, at least regarding trading. And doing a very high-risk job like trading at this moment is worse than pouring butter on a burning fire. And if he is addicted to drugs, then there is no question, he cannot be allowed to trade in any way. So I think it is very important to ensure a stable life for your uncle now if necessary, it is important to take him to a rehab center. After that we can think about a fixed income for him.
