This is how a protest must be. Gandhigiri ! This is like having our own union.
If we can agree on a date, I promise I will not trade on that day. I can stop trade for a week also.
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The lucre of money is irresistible buddy. Familiar with dark pools ? Why ‘slit our necks’, by not trading for someone who is not well versed in making laws. The rule is not in force as of this moment. Let’s not be gloomy.
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why are brokers not opposing it?? even they will be hit by reduction in volumes??
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Brokers are very much opposing this move. But in their way. @nithin has mentioned this so many times in this forum. They are doing their bit. Because it will affect their business also.
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It is good that I am not well versed in making laws, else I would have been in full support of SEBI as it is the one who is well versed and the brains behind this proposed rule.
Whether we protest or not, or even if are successful in staging this protest, it will still take much more to change the minds at SEBI. We are anyways doomed.
If SEBI has already sent papers to leading brokers about it, then it is only a matter of time, before it comes into effect. I guess I will invest all my money in roadside peanut vending, because after all government promises and declarations of development and improvement, they are still there, encroaching on government property and making ‘by foot’ commuters really uncomfortable.
I guess it does has more unshakeable future than investing in stocks.
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Well…
I am not a newbie, I have started in the stock market since 2012, when I opened my first demat account. I am mad because I have overcome many barriers to be where I am right now and the thing is I WILL be hit with this rule because I have ZERO to show as networth as I didn’t take time to build one.
I am sure there are many like me who will finally get cast out by this “Master Stroke” of SEBI.
In all these years I have learned one thing the hard way. Nobody cares for your troubles if you don’t do. So whether there is support or not, I shall do whatever I can on personal level to overcome this.
Otherwise there is always some other opportunity. It will not be my loss if I or many like me stop trading due to this rule, but it will be the loss of stock market because previously government itself created campaigns to improve market participation, make it easy for the retail traders to invest. Now they are shunning it.
Once this group moves out, I don’t think they will be coming back. Especially those who experience this double sided nature of government and SEBI.
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You’re right …once the smaller traders are restricted from participating the liquidity will reduce considerably and big players will find it difficult to dump when they want to exit … currently most of them are exiting at peaks and bottoms and handing over the baton to the inexperienced traders … so now they too will face liquidity problems because the persons they were earlier handing over will no longer be there …so they will now play among themselves and fleece each other
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Exactly… Me too started some years ago after finishing college and pursuing trading for a living… How can i show any networth… Only recently this trading business is showing signs of positiveness after 2 - 3 years of learning all sorts of tricks of the market and getting punished as usual… And now SEBI is turning its ugly head…
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The Media has taken up the issue on behalf of the Retail Traders, so most likely this agenda might not to be rolled out.
This decision of SEBI, is now a expected event for Retail Traders. Expected events normally unfold their own solutions as it happens.
its not the foreseen hindrances that is real the threat to individual retail traders, its those unexpected events that wipe the retail traders out of their savings or livelihood. .
Even if this decision is implemented, the markets will open up their own solutions to keep the retail participation at the same level. The Stock Markets will never give up their luring power to bring in more retail participation.
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Long Live Stock Markets !!! Go away stupid SEBI rules !!!
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Taxes, markets and democracy go together.
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Is it in the news or print media? Just curious… Can you point to the article/news source? Thank You 
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SEBI must be around, Mr Manish. When you find time please go through this article.https://www.moneylife.in/article/nse-algo-scam-ldquowhy-is-a-forensic-firm-like-ey-incapable-of-drawing-conclusions-from-obvious-findingsrdquo-asks-sebirsquos-technical-advisory-committee/55034.html
And when You find time go through this as well. It is no more just news and speculation, it’s out in the open. Those who are not ready, should have time to prepare for the impact.
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Did anyone try to contact Ravish Kumar … someone suggested that he has the capacity to turn sebi to bcci
@ravishndtv on twitter
I already posted to him.
So can others if they feel his support can help.
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Retailers must boycott markets for 2-3 days and show SEBI who we are !
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Can be easily achieved if the Discount Brokers are convinced and join hands with the retailers!
It will make national news and create a platform for us to chronologically voice out our concerns.
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Its good then. Our voice might be heard by SEBI directly. And they may come to reasonable conclusions other than doing stupid stuffs.
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I have another idea. Lets not do anything. Because at the moment it might be difficult getting people together and onbaord this agitation. My sub-broker/AP doesn’t even know there is news about this upcoming regulation, let alone know about SEBI paper.
Once this rules gets implemented, everyone will know automatically. It is then that we can effectively build a large group to voice our protest.
For now just try to spread the news about the issue. That would be fairly easier thing to do. I think we are accumulating enough resources through different people on forums. Lets aggregate that and create a propaganda paper where everything is put in an organized manner and then distribute it among all affected parties.
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