SEBI's new move to cut retailers participation in F&O!

[sridhga]

A trading member is, I guess, the broker. But what is an Authorised Person ?

Authorised Person is like a Sub-Broker except for that Authorised Person need not be approved by SEBI but is approved by the Exchange.

 

[Loss_Lover]

I am trying to connect with Sucheta Dalal. She would be able to do something. But honestly, an issue as big as this can't escape media attention.

I will be writing to both Sucheta Dalal and Balakrishnan of Moneylife this weekend -- not an elaborate way but like an initial trying to throw some light kind of thing.

Thank you

 

[NJ78]

I am trying to connect with Sucheta Dalal. She would be able to do something. But honestly, an issue as big as this can't escape media attention.

I will be writing to both Sucheta Dalal and Balakrishnan of Moneylife this weekend -- not an elaborate way but like an initial trying to throw some light kind of thing.

If you do then try connecting with Debashis Basu as well (https://twitter.com/Moneylifers). He's the current Editor-in-Chief of the Moneylife magazine and one of the key decision makers of the Foundation. Who knows, our case might get some coverage in the magazine.

At the same time, I've been wondering if the inimitable Bapoo Malcolm might find it within his zone of interest to look into our case. It's just a passing thought, I know he's a busy lawyer. But the intellectual fisticuffs of his argumentation would be for the ages.

Here's his Linkedin profile, for reference: https://in.linkedin.com/in/bapoo-m-malcolm-b465091a

 

[hitesh05]

I have my own doubts if we can delay by more than 5-6 months at the most......

ST

Da, if a criminal case takes 10 -20 years then why this case which is related to unemployment of many will be solved with 5-6 months ?

 

[Smart_trade]

Da, if a criminal case takes 10 -20 years then why this case which is related to unemployment of many will be solved with 5-6 months ?

Criminal and civil cases can drag on for years because there are evidences,cross examinations,investigations.In financial cases particularly when Govt and institutions like SEBI ,RBI are involved and the case is in public interest,such cases are taken up on priority and decided in few court appearances.

Smart_trade

 

[afin]

If you do then try connecting with Debashis Basu as well (https://twitter.com/Moneylifers). He's the current Editor-in-Chief of the Moneylife magazine and one of the key decision makers of the Foundation. Who knows, our case might get some coverage in the magazine.

At the same time, I've been wondering if the inimitable Bapoo Malcolm might find it within his zone of interest to look into our case. It's just a passing thought, I know he's a busy lawyer. But the intellectual fisticuffs of his argumentation would be for the ages.

Here's his Linkedin profile, for reference: https://in.linkedin.com/in/bapoo-m-malcolm-b465091a

Ill write to this other person too but I am afraid I can't talk with the lawyers because I will be our of depth and not competent enough in that sphere. Someone else can take the mantle when it comes to making the representation to the lawyers

 

[afin]

https://economictimes.indiatimes.co...ade-him-the-big-bull/articleshow/55111449.cms

With regulations like these SEBI is killing the dreams of middle class making it big

As is it is the Gini coefficient (a measure of income inequality) of our country is one of the worst in the world when viewed in conjunction with other relevant variables (source: https://www.livemint.com/Politics/e...n-commitment-to-narrow-income-inequality.html & a general search on income gini/ gini coefficient world wide).

At the same time, only a certain elite few are becoming richer by the day. According to the Credit Suisse Global Wealth Report (2017), the top decile (10%) of the households accounted for 52.9% of the total wealth of the country in 2002. The same figure increased to more than 60% by 2012. The situation gets significantly worse once the urban v/s rural figures are teased out.

We are also doing bad on the UN HDI front (Human Development Index) (source: http://hdr.undp.org/en/indicators/101706) things are improving ever so slowly at a crawling pace but not at the rate in comparison with what is expected (source: https://community.data.gov.in/human-development-index-of-india-and-the-world-between-1980-and-2013/).

The SEBI move is only probably going to further exacerbate the situation. It is bad.

 

[afin]

I posted the following 3 tweets to Mr. Debashis of Money Life as suggested by @NJ78 I have tried to put in the points I had thought of, while also highlighting the one point suggested by @Smart_trade

After and if Mr. Debasis replies, and after further contact is established, we can think of more points. In the meanwhile, request all to please try to think of building up more points.

https://twitter.com/i/web/status/1031069791228850177

https://twitter.com/i/web/status/1031070962517651457

https://twitter.com/i/web/status/1031074934418620418

https://twitter.com/i/web/status/1031076788120637440

 

[nurav]

Guys what is the networth needed to trade one BNF or say one Nifty futures intraday. I am sure it would not be more than the margin required. Now as per a few seniors like Madan sir one should not trade in more than one Nifty future for every 1 Lac Capital. The implication about this is very deep indeed. Try to understand if one cannot earn by trading in one future lot at a time what is the guarantee that he would earn in multi lots. Better would be have a robust system that helps you make money slowly put surely so that one is able to raise his networth alongwith his capital and one does not end up blowing a bigger account. It is better for us newbies to concenterate on churning up profits from trading only to make our networth better just like any other business. From little acorns grow mighty oaks. This is my view only as whatever you do, the government would not go back on its plans.

 

[nurav]

If you are a fulltime trader then you should strive for 50 points daily in BNF(1 lot) or about 20 points daily in Nifty on an average. Achieving this apparently simple targets should double your net worth every quarter. After that you all know the power of compounding by doubling your trade size once you have doubled your net worth/net capital. All you need is 13 such cycles to reach 1cr from 10000 rupees. Stock markets are not the place where you bet your house(leveraged play) on a hunch/tip/signal.