People are being allowed to deal with nukes of finance world without much scrutiny.
and people have lost their wealth in idea, rcom, jet airways, suzlon and many others that is now penny. so ban stock market altogether?
His parents must be multimillionaire if a student had 26lakh to throw away. i barely had enough to buy fried rice when i was student. look at the bright side, wealth moved from rich to poor, because that 26lakh is part of my profit.
like any business you need talent and discipline, he most likely rolled dice and bought naked options. blaming others and industry for your stupidity is just foolish.
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You don’t know that the counter party is poor.
You don’t know that the student is rich or not.
You assumed these things to fit the story into your narrative.
If 99% of people who drive a car/bike get into an accident and die with in 30 days. would you want the system to remain same and people keep dying or change?
The talent and discipline to win in trading is just made up story, there is no proof for it.
Only the insiders & manipulators make money, everyone else is meat for meat grinder.
There is no regulation/oversight on courses, youtube influencers, made up technical indicators, online ads for unlimited gains and secret sauces. This entire segment of trading is scam infested nonsense, and worse than anti vaxer bubbles. if rich people want to blow their money, good, go ahead. don’t let the innocent fall prey to these scamsters.
We banned lottery tickets, why did we ever let this monster be alive.
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@gsecgsec
How many startup are loosing you know - Ban all new startup business -
all borrower from the bank are returning money - No - BAN all lender IN the country
How many farmer committing suicide in our country every day you know - BAN all Agri Loan
women are giving birth is also risk of life - Ban marriage
Life and Business always risk - If you are not taking risk that is the biggest risk in your life -
who told you come and do trading
Go and work safeley 9 to 5 like slave upto your last day of life
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his loss moved to another person, another to another then another, im one of that another so i know. this is the ecosystem of trading.
in what world a poor student has 26 lakh in pocket? nobody even give a personal loan to a student.
if you dont know which is brake and gas no system can save you. simply dont drive dont tell others to stop driving.
its simple, dont trade naked, create hedge and know when to exit thats discipline.
knowing what strategy to deploy for each market condition is talent.
we have watchdog called sebi to take care of insiders and others, and they did pretty god job against them time to time.
nobody forcing you to follow random person on internet, its your decision and you are blaming stock market for it, you ok?
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Not the above story, but I did met a student who blew life insurance money (received from his father’s demise) without knowledge of his mother?
why did the student do it? is it because he is rich? No, he blew it because, he followed a youtuber who promised guaranteed passive income.
I don’t know the story of the student from the news article, but Just because he has 26 lacs, doesn’t mean he has lot of other money.
Trading is a zero sum game, which doesn’t generate any long term value in terms of skills or products. You might be a skilled trader, but your skills are useless to the growth of the society or unlikely to add any long term value to the country unless you are trading in foreign markets and bringing in extra forex. (which is not the case).
All your replies again, make assumptions and blame the victim and rather than scammy and lopsided eco system. buy a mirror.
Bruh, your reply is really shallow and immature.
Startups may fail, but 1 successful startup among 1000 failed startups will generate value, create new products, generate long term employment, improve productivity for long term, becomes basis for next big idea.
Agriculture creates food for people to survive. loans to farmers is a necessity for society survival.
Marriages and child birth furthers the society and happiness.
if you ban any of them, the society will crumble and go extinct.
Trading doesn’t generate any net value, doesn’t create any new products, doesn’t create any skill which can be transferred to other fields.
Banning trading has all the gains and little downsides.
it is as good as gambling in it’s current form.
Trading only the market is keeping functioning - if there is no trading activity - how the market will move boss - there is tax revenue for govt - all are business - no comment
how many farmer are happy in India tell me - through loan
it create lot of asset for us - every business will not suite for everybody
Tell peter lynch - he will tell you a different story
in other word working is also gambling - if you work 9 to 5 - you will become a actor, director only for your boss , in 9 to 5 you will never become producer
in Trading you grow your skill, you will become a producer
I am happy now as a producer - i don’t like to be a actor or director in my life
Tax revenue is not a measure of how good an activity is.
Tax revenue is generated on alcohol as well, doesn’t make alcohol good for people.
Dacoits also create lot of wealth for themselves, doesn’t mean it is good for the society or should be allowed.
If farmers are not happy, go do something about it. fix it. invent new crops, make farming less dependent on climate, invent new ways to store excess crop, just because farmers are not happy doesn’t mean trading evil should be allowed.
I measure an activity by it’s outcome, not what peter lynch thinks about it.
Job is gambling? did anyone lose their life savings by working a job?
if you think trading produces anything of value, get your head checked for absence of wrinkles.
and whose mistake was it? you want everyone here to stop trading because some random idiot did something stupid?
are you sure its useless to growth of society? me alone paying 5-10k a day as tax plus income tax at end of year. now imagine how much tax is collected from every trader.
eh? you created this post and blaming every trader here for stupidity of some random idiot.
Hellow guys , this guy lose big money so only he create this post , just he loud in front of the sun. World will be like that
95% of traders lose money. that is why I made this post.
I brought in 8crores worth foreign currency by exporting services, will you listen to me now?
I am importing from stock market and i am self employed ok , why you worry about 96% , justvsee you thaths enough
Please re-read my posts and check my other replies.
The tax revenue you generated is not new revenue generated. you took someone else’s money and govt took a cut. the whole activity did not add any value to the economy. trading doesn’t generate any external impact that can create value to indian rupee/economy.
Please read up on how fiat based economies work. Fiat based economy grows only if new products/services are created and demand for currency is stimulated. some activities can still be done internally for sustenance. but this won’t grow the economy.
Please note, i am trying to protect people from losing their savings to trading and want trading activity to be banned, i am not blaming traders themselves. traders are victims here. if you are making money, good for you. but it’s not good for the long term financial health of the society.
its like allowing smoking for the sake of tobacco farmers. net result is still negative because more people die of cigarettes than people who make a living selling them.
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If you need to create value ,go and tell to warren buffet
Hard workk will never make you rich
Smart work will do that
This is how every sales and service work that runs inside india. by your logic you want whole indian economy to shut down because they dont bring money from outside. ok
This explains and shows that you know nothing about trading business. i “produce” a product called option contracts everyday that investors needs to hedge their portfolio. when their portfolio in danger the contract i sold them will protect them, hence im also providing insurance “service”.
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Bruh, please read my replies, don’t cherry pick.
I want trading to be banned, not because it doesn’t create any value, but it is just scammy, easy to lose money, no regulation, closer to gambling, than providing a service.
please don’t compare trading with services. services atleast sovles a problem in exchange for money. so it still adds a value for participants.
trading moves money from one person (often naive) to another person (often lucky or manipulator) while giving illusion that its adding value.
You are dreaming, if you think majority of traders are providing insurance for portfolio hedging of other participants. lol. traders are not buying options to hedge their portfolio. I can bet my networth that 99% of people are not hedging anything and don’t even have a portfolio to begin with. Do you think underwriters at LIC are studying MACD/Bollinger bands to issue policies to public? if you truly believe in this insurance model, let all individual traders register as insurance providers, ban SEBI, register with IRAI and force traders realize what exactly they are doing. providing insurance.
You could be methodical in underwriting but majority of traders are not. Change your POV to understand what i am trying to say instead of just bashing me.
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You again 
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you are not making any sense bruh. i am not talking about value investing.
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