Yes, It’s frustrating like hell plus this India Vix dropped below 10 as of today, that’s like adding Salt to wound.
Government ( the sleeping partner), The FM, herself said F&O is not for middle class, we don’t promote them to trade the Speculation, The Sebi report which showed that 91% of derivative traders are in loss, the same report shows that 93% of cash market traders are in loss too,No one talking about that? Why?
Because, they know retail mindset, they’ll hold those negative trades as it is CNC unless that turns profitable.
After latest SEBI board meet, when a POGO channel reporter asked about banning of weekly expiries due to some taxi driver foolishness of gambling on weekly expiry, who told him to trade??, if not here, these people will lose money elsewhere, then why punishing traders who are full time invested.
I bet, let’s SEBI collect the data of full time traders, especially derivatives, and then tell the percentage of profitable traders, I will not be surprised if it’s more than 50% too.
And yeah, if you have so much problem on speculation, then ban F&O as a whole, why only weekly expiries??, As a trader ourself, we expect sufficient volatility to trade around, whether it’s intraday or swing, when their was 0DTE options, we were looking for opportunities, everyday was like a hope (atleast for me) to learn the PA.
If any OG traders are their who were trading pre covid, they know how much margin they required to sell a lot of Nifty, and also leverage of around 20X for cash market was their too.