SEBI's new move to cut retailers participation in F&O!
- Thread starter headstrong007
- Start date
Frankly speaking, it is a really big issue as there are a lot of retail individual traders and investors. It's a good vote bank.
The opposition party will love to take the issue. Tweet it to all including
https://twitter.com/INCIndia
https://twitter.com/RahulGandhi
https://twitter.com/PChidambaram_IN
-------
Even
https://twitter.com/yadavakhilesh
https://twitter.com/BJP4India
https://twitter.com/arunjaitley
https://twitter.com/narendramodi
also, left no stone untouched!
Presently I don't have twitter a/c. I used to whats app, Facebook Instagram. But soon I'll open a twitter a/c.
The opposition party will love to take the issue. Tweet it to all including
https://twitter.com/INCIndia
https://twitter.com/RahulGandhi
https://twitter.com/PChidambaram_IN
-------
Even
https://twitter.com/yadavakhilesh
https://twitter.com/BJP4India
https://twitter.com/arunjaitley
https://twitter.com/narendramodi
also, left no stone untouched!
Presently I don't have twitter a/c. I used to whats app, Facebook Instagram. But soon I'll open a twitter a/c.
1) No LTCG tax after 1 year .
2) STT will be demolished ..
3) Reduce derivative Lots .. to introduce Mini..
4) extend trading time ..
Then will you vote for INC ?
Apun toh 2-2 baar vote karunga
.. AAI shapath ...Its immaterial who is losing money and who is printing tons of it.. basic question is of being free to choose a legal way to indulge in any trade/profession of one's choice.. its as fundamental as one's right to eat, right to speak etc...
We all know Cigarette smoking kills millions every year..why are they still allowing it to be manufactured and sold then? or for that matter Alcohol?
State can't decide what a grown up individual will do provided its within our legal and constitutional framework and there should be equal opportunity for everybody.
We all know Cigarette smoking kills millions every year..why are they still allowing it to be manufactured and sold then? or for that matter Alcohol?
State can't decide what a grown up individual will do provided its within our legal and constitutional framework and there should be equal opportunity for everybody.
@pihu
don't worry, leverage is an essential part in trading. Education/knowledge may be the criteria not the net worth.
F&O trading is under business, it's our fundamental right to do business.
SEBI already increased the margin, now compulsory span +exposure. Exposure part is already for MTM loss.
Also, income tax return is NOT compulsory for the people under gross income of 2.5 lakh. So, suddenly they can't claim the last 3 years return.
Actually, this is Tax Terrorism by Govt. they want maximum return indirectly even someone is not eligible for tax. There is attached cost to file such return. for such small retail traders.
Also, pro traders with big volumes like me using very high intraday leverage. I have big capital in my account and 3 times NSE NFCM certificated. Growing capital continuously there is no risk. Still, they want to stop me too by illogical NET WORTH Rule. They kept HNI outside the list intentionally.
We can see, Aswini Gujral also trading with very high leverage. Pro traders also using high leverage, even more than retail traders.
So it will be challenged in court soon. We will take it to the opposition if required. Ruling party is not the boss of this country.
We don't want to reveal our true identity. We pro traders trading the market for more than 10 years also have power, money, knowledge, key relation to top levels and with other few big traders too and the most importantly the willpower to fight.
To fight the case, we just need a few confident traders who will share the cost. I don't expect thousands of traders will share the cost. Those who are really affected will come for their own interest.
In the outside world everywhere even beginners are using leverage freely. Somewhere with product suitability, they required min knowledge and minimum capital for trading which is only about 25-50k in terms of that countries currency. As far as I know, nowhere net worth is required.
And, here the SEBI prosal is only 40-50% of net worth for exposure when they are calculating even option turnover in terms of full contract value!
The base of that proposal: very high derivative turnover over equity was completely base lass. As full option turnover is calculated (prem +strike). We need to challenge at the base.
We don't know the actual intention. Options traders may not be safe as derivative turnover for the market is calculated based on full value (strike plus premium).
But, until Sebi come with finalizing such rule, we can't challenge it in Court. Let,s fight it directly where it matters... Only court can stop the illogical decision taken by Gormint and their associates! Be optimistic.
Typing too fast during trading, ignore printing mistake. Don't have the time to check.
don't worry, leverage is an essential part in trading. Education/knowledge may be the criteria not the net worth.
F&O trading is under business, it's our fundamental right to do business.
SEBI already increased the margin, now compulsory span +exposure. Exposure part is already for MTM loss.
Also, income tax return is NOT compulsory for the people under gross income of 2.5 lakh. So, suddenly they can't claim the last 3 years return.
Actually, this is Tax Terrorism by Govt. they want maximum return indirectly even someone is not eligible for tax. There is attached cost to file such return. for such small retail traders.
Also, pro traders with big volumes like me using very high intraday leverage. I have big capital in my account and 3 times NSE NFCM certificated. Growing capital continuously there is no risk. Still, they want to stop me too by illogical NET WORTH Rule. They kept HNI outside the list intentionally.
We can see, Aswini Gujral also trading with very high leverage. Pro traders also using high leverage, even more than retail traders.
So it will be challenged in court soon. We will take it to the opposition if required. Ruling party is not the boss of this country.
We don't want to reveal our true identity. We pro traders trading the market for more than 10 years also have power, money, knowledge, key relation to top levels and with other few big traders too and the most importantly the willpower to fight.
To fight the case, we just need a few confident traders who will share the cost. I don't expect thousands of traders will share the cost. Those who are really affected will come for their own interest.
In the outside world everywhere even beginners are using leverage freely. Somewhere with product suitability, they required min knowledge and minimum capital for trading which is only about 25-50k in terms of that countries currency. As far as I know, nowhere net worth is required.
And, here the SEBI prosal is only 40-50% of net worth for exposure when they are calculating even option turnover in terms of full contract value!
The base of that proposal: very high derivative turnover over equity was completely base lass. As full option turnover is calculated (prem +strike). We need to challenge at the base.
We don't know the actual intention. Options traders may not be safe as derivative turnover for the market is calculated based on full value (strike plus premium).
But, until Sebi come with finalizing such rule, we can't challenge it in Court. Let,s fight it directly where it matters... Only court can stop the illogical decision taken by Gormint and their associates! Be optimistic.
Typing too fast during trading, ignore printing mistake. Don't have the time to check.
Last edited:
Similar threads
-
Anyone looking into "expected move" derived from IV?
- Started by LightningDuck
- Replies: 0
-
-
We created a petition regarding SEBI's new rules
- Started by Avi Garg
- Replies: 3
-
SEBI's new algo trading norms 2016. what changes do you except?
- Started by mutualguru
- Replies: 6
-
NSDL, Karvy hit worst by Sebi's order to disgorge
- Started by Robbie
- Replies: 0