SEBI is gone crazy...
1. As per major discount brokers, more than 90% traders have less than 1lakh in the account. I know they are the starters who want to take trading as the profession. They are just common people of India students or average or low income younger peoples mainly, not satisfied with their present condition. They want to be self-employed. Is that dreaming and trying is a crime?
2. Also, another big question is that practical to remove 80-90% of traders. High-income people, who satisfied with jobs rarely come to trading. Struggling people come and independent-minded and few passioned people come for trading.
3. Most importantly Cash trading is never a replacement for F&O. No one can sell first and swing trade in cash. Not all people want to intraday trading, swing trading is comparatively easy.
4. And what about Index trading? Most people are trading in Index F&O. They can't force them to individual stock trading.
5. Actually, I know the hidden criteria from SEBI. They just want to shift the volume from F&O to cash market by implementing absurd conditions.
6. But, by this way, by removing most of the traders(95% losers most of them trading with below 1 lakh capital) they will create a big imbalance in the market. If u remove 90% loosers and select mainly winners to fight between them then...the whole structure of the market will change soon... in the worst way....bcoz they hurting the basic structure...
7. Probably Sebi is thinking that if they ban most of the retail F&O traders they will start trading intraday cash. So that FII-DII can get more liquidity, less slippage. Unfortunately, this will not happen. It is historically proved without F&O or less volume in F&O market become stagnant. The stocks will become rangebound and the whole Index will lose momentum.
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Finally, I am very upset today. In my whole life, I tried to teach many newcomers about my experience, how to survive, how to make money in the long run etc etc. Bcoz I love trading. It's my passion. When I see someone making money in trading, I feel glad...
I become a trader from virtually zero...This is my first profession. My trading capital was less than 1 lakh. So, SEBI want to ban real traders like me who make it possible only bcoz of passion for trading?
If someone is very successful in another profession why he/she should try trading? Is that trading is a crime? Can no one try Trading as the first profession? In the whole world, many college students are trading.. Why not in India? What if someone wants to trade with pocket money to gain experience in swing trading using options with limited risk?
.............I can make the list long enough but may be a waste of time..............
But, I expect furious action from discount brokers and all type of common traders...Let's see...
But, they will ban option trading where the premium is very low? Accroding to lncome tax if gross income is less than 2.5 Lakh no one need to submit any document. So if some student say, his yearly income is 1 lakh, say by teaching. And he wants to trade with capital 10,000-20,000 using options. They how SEBI ban him?
I want to take a break from all type of trading forums, really... teaching to newcomers is now a waste of time as SEBI wants to ban them from trading F&O.
As a high volume F&O trader, I am also concerned about liquidity with such moves. Very upset, really....