Anil Singhvi called traders “Sattebaaz” on air in his Zee Business show.
Video was silently removed.
There are thousands of traders who do proper backtesting, follow strict discipline, study risk, and put in hours of research every day. Calling the entire community is just absurd.
How can a reputed face make such statement? Feel like there should be an open On-Air apology.
Agreed, assuming noone was forcing them to share a single label for the entire community.
Since you mention this,
@Rohith_Raj do you believe “non-sattebaaz”
is a valid label for the retail trader community as a whole
or are these “thousands” still a tiny minority ?
Also “Sattebaaz” translates to a Bookie / Bookmaker (not “gambler”).
an organization or a person that
accepts and pays out bets on sporting and other events at agreed-upon odds.
What exactly did you find offensive/derogatory about being labelled one? 
I wonder how much of this “news” and media-manufactured outrage
was an avoidable distraction for folks from their productive activities.
Also, life imitates art ?
Gambling doesn’t mean that everyone is there to lose. But the economics of gambling often creates a very uneven outcome. A large proportion of participants eventually lose, while only a small proportion manage to succeed through some combination of expertise, experience, discipline, or sometimes simply luck.
Those with larger capital are often economically compelled to stay in the game longer and can afford to “float” through losses and volatility. Those with smaller capital, on the other hand, are often forced by economics to take larger risks in an attempt to make meaningful gains, and that can ultimately result in losing it all.
That is why a person of his stature, with decades of experience in India’s capital markets, carries significant credibility. When someone with that depth of experience makes such a statement, it means something. It essentially sums up the whole matter.
The issue is not that people don’t understand the facts. It’s that some people simply aren’t ready to accept them.
SEBI’s actions against Jane Street for alleged Bank Nifty manipulation, and more recently against Copthall Mauritius, a JPMorgan entity, for alleged manipulation of the new closing-auction mechanism, are striking examples of how sophisticated participants can exploit market structures for taking advantage of smaller investors and capital market participants in India.
I think the issue is more with the word itself. You can talk about the risks of F&O and how many traders lose money without calling the entire community “sattebaaz”
Loved the Panchayat Video 
Well, my 2 cents: pointing labels like “sattebaaz” or “non-sattebaaz” on the entire retail trading community is completely pointless. Anil was likely talking about the folks taking random blind bets with zero risk management. But labeled/tagged it as all in the section.
Think of it like superbikes: just because some people ride recklessly for internet clout doesn’t make the entire biking community a “Punk riders.” You have disciplined riders who know their machine inside out, and you have clowns who just want to show off.
Same with trading. Traders who actually do due diligence and understand odds aren’t gambling they’re executing a calculated strategy. A few reckless traders bets don’t define the whole community.
WHO TF IZ…
Quite literally, you sound to me like a slave. My mind isn’t fucked up enough for me to outsource my intelligence to some babbler out there.
If the outcomes experienced by a large proportion of participants exhibit the defining elements of gambling, then the participants themselves, regardless of whether they ultimately win, lose, or are merely approaching or engaging with such a scenario, may reasonably be characterized as gamblers. This classification should therefore be based not solely on the outcome of the activity, but on the nature and elements of the activity in which the participants are involved.
In this context, SEBI may need to make a substantial effort to reconsider and reshape how the experiences of individuals participating in India’s capital markets are defined and understood.
A regulatory framework that focuses only on the formal classification of market activities, without adequately considering the actual experiences, risks, incentives, and outcomes faced by participants, may fail to capture the realities of their participation.