I mean it sounds like a good idea to me. SEBI itself wants this. They don’t want people should lose their hard earned money. So, a blanket ban on the entire stock market including equity and derivatives seems like the only way to do this. I mean, look at it this way. Most people lose their money in the market whether it’s equity or derivatives. Some guy on Moneycontrol forums wrote that he bought BEL(Bharat Electronics) at 150 on Ashwani Gujral’s recommendation. Now Bel is at around 87.65 right now. I mean it’s not just one example. Like, Mitesh Thakral said buy KPIT at 306 with a target of 320 and soon it fell to 290 levels. And basically, people buy into this and lose their money. And recently I found one guy called Vipin Thakran who runs a tips channel on telegram with around 600 followers and I was talking to him and maybe you’re not gonna believe me but when I mentioned SEBI, he asked me, “What is SEBI?”. So, I mean if the market is like this, just kill it already. It’s gonna save people’s money. And yeah I was talking to a broker about all these new restrictions that are being imposed in derivatives and if you guys know me, I am strongly against it. I founded ARTI after all. But he said that these restrictions are good because even though he is a broker and his business would be affected due to these restrictions, he said that at least people’s capital would be protected. And that makes sense. I don’t think it’s going to matter even if Zerodha was shut down tomorrow. They are gonna move on. Businesses adapt. Old businesses die and new ones come. And that’s how Nithin is either way. He literally said, “Oh for derivatives I can understand that it should be restricted.” I mean, in the past three months, SEBI did a lot of things. And out of all of them, brokers stood up against only two things. One is the extended trading hours and the other is networth valuation and that’s because it increases their work load. They never stood up for any other rule even though each and every rule that has come recently has been to curb participation and specifically retail participation. It’s gonna negatively affect business across all the intermediateries directly or indirectly but still very few people cared and the brokers or the exchange were the last ones to do so. So that’s how things are. It’s a dead horse or I should say a dying horse. Just shoot it already. It’s for everyone’s good.
P.S. - Thqis iqs sarcqasmq.