What a first post to have in this forum. 
2 Likes
Well said.
We should unite to stop banning of weekly expiry because at first all do loses but slowly slowly they understand what thing it is and it takes years to just build setup and to be consistent and now this sebi idiot man is imposing rules forcefully to us its our loss of time and money atleast he should have given compensation to every fno trader which they have recovered from jane street, if they are really doing this all shitty games just to save us…
We didn’t have weekly expiries some years back. So even then if traders had objected for weekly then we would never have weekly. We should be dynamic. Rules keep changing and we need at adapt. No point ranting over here.
Now please don’t think I am supporting sebi. I would like weekly expiries to continue.
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Two cases
- You were earning well during daily/weeklyexp
- Did lose heavily during daily exp and planned to recover the money using same daily/weekly exp
I am willing to bet on 2 .
I hope I am wrong , prove me by showing verified P/L
The choice of words 
Before you question me that you are not a intra/weekly option trader
see this
I started options when I was 20 years old (2022)
I earn my bread and butter via options and options only (most of the part)
Last year when I just scaled my capital daily exp got banned.
I Ran*i Rona with my bro ; he only told one thing
You will find your way
Now I am diversifying
But not to equity but to other option markets
@Mohd_ali_Shaikh You know what the margin req and ELM are hindering us more than number of exp to earn .
The margin req is just preposterous
I guess I can only tell you one thing You will find your way
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If they come out will long dated options , there’s nothing wrong with it . The only difference is you won’t get that adrenaline in monthly options , Even it would be better if they roll out leaps for Stocks . Big guys can manipulate stocks or indexes a day or two not everyday.
if one makes money in weekly one can definitely make money in monthly ,
Trade less Make more should be the motto
Everybody should get this opportunity to grow there capital i had been loss making trader for 1st 1.5 years but then i followed one setup with consistency back tested it for 4 months in banknifty and earnerd well for just 2months and they banned expiry of banknifty then the premium rate increased and i have to change my setup and again i was there where i was 1 year ago then i slowly slowly found setup in sensex after trying multiple setups and after n number of back testing and losses and now again they are banning expiry of sensex .
Its not matter of dopamine hits which u think i am fighting for but after doing one change they should not touch to that particular segment for atleast 4 to 5years this builds patience in people and time to understand things properly.
But now this chairman is just panicked and dont know what to do to control this losses.
There is no field in any country where 100/100 people are making money.
Almost every sector has ratio of 6to7/100 making money peoples.
My thought is simple that if sebi chairman is so concerned about us then why is he troubling to old members rather than educating new members and not giving them entry in weekly options for atleast 1 or 2 years…
If this is the thing sebi will do then they are not making rules to protect retail or small capital traders but there only intention is to remove us from the game…
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Can’t agree more on this.
People who lost trading weekly’s and them supporting it to be banned, doesn’t make sense.
I’ve lost too but never ever had a thought of giving up the pursuit, now I seem to have stabilised and likely very near to sustained profitability. Banning weekly now, would just make years of pursuit somewhat pointless.
It won’t be the end of the road, there are alternative asset classes where a similar technique can be applied which I’ve worked on weekly options for last 3 years.
But killing a vibrant liquid market because a super majority of participants (all grown adults) make losses is not sensible
How? Any guide will be helpful