I believe you are yet to see how irrational people are and how they are one mistake away from financial ruin.
I am merely looking for ways to protect my fellow brothers and sisters.
In my previous answers, I clarified that I understand how & why F&O came into existence and why I think it still has value to add to commerce activities in general by allowing risk hedging effectively. Also, i am fully behind non leveraged activities of F&O market.
Just because Insurance companies leverage is bad, doesnât mean we can allow another segment with leverage. Infact, stop this F&O leverage and see if anything can be done to address insurance companies leverage.
F&O is worse than regular entrepreneurship, it doesnât create any transferable skills, doesnât generate any longterm value (no new revenue generated) because its zerosum game, even the technology advancements that occurred solely because of HFT activity, is useless outside of trading field.
The insurance aspect is also not good, i addressed in my previous answer.
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There is some data hidden in this but not irrelevant.
The brokers act as a reseller to the exchanges and promote this industry. 82% of revenue generated is from options trading - if brokers are not making money out of this, they will not venture into marketing.
Govt. reforms can kill this industry if brokers are not incentivized.
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Anyone who comes to make money should be at peace with himself with the risks associated. These people are mature adults who should know what they are doing.
Going by that logic Govt should completely ban Alcohol, tobacco⌠etc. etc
As one might say heâs consuming in moderation without even realising heâs an absolute addict as most people who are addicted live in a delusion that theyâre not.
In the end, if youâre against something stay off it but if someone is using that to bring food to his table feed his family and spend the excess which flows to corporates that do âgoodâ to the societies I fail to see the trouble here.
Traders only do not add value to society when youâre thinking it narrowly without searching for its far-reaching impacts.
Yeah directly I may not be creating any jobs or solving world hunger but Iâve given my money as capital and loans to a lot of businesses in my locality they doing great jobs they needed money to operate to do such âgoodâ to the society and I gave them the money, how did I get that money ah itâs trading thnx to leverage.
trading like any other thing is a double-edged sword if you know what youâre dealing with you can make a fortune if you donât know what doing that away from it.
just because people are illiterate about stuff you canât ban something an alternate thing to say would beâŚ
âI would be disappointed if govt exchanges and Sebi donât do something good to educate people about the degree of risk they are taking and who is it forâ
those who learnt to trade know the first we are taught is only to risk money youâre ready to lose and if I lose money that I was ready to lose I again fail to see a problem here.
A lot of people will agree to this that weâve lost quite some money while learning and trading in the early days and a lot know that a day might come when you blow half of your account but they are fine with it that they have taken care of their commitments to their family and the society.
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Why are you simply giving ideas to the government? 
Letâs keep it to just trading. 
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If you are against leverage, you should be against it in principle. Not applying it selectively.
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didnât i say it clearly that i am against leverage for retailers in any form.
the examples i quoted where i said, F&O is required are all scenarios where leverage is not needed.
Alcohol & Tobaco canât be banned. govtâs tried in the past and failed.
you can just make alcohol in your home without any equipment and just with potato/rice.
What exactly is your point? Are you against retail participation or not? you are contradicting yourself in many post and this debate is going nowhere.
And you think if trading is banned there wonât be any unregulated trading.
Ever heard of dabba trading?
The stupidest argument i have ever heard is that retailers donât know about risks of derivatives trading, every trader has heard countless tales from every relative and family friend about people going bankrupt in stock market, everyone knows the risks. Still they engage in it with the simple belief that they are somehow different. If not stock market then they will engage in some other thing, havenât you heard about countless money making and illegal gambling apps. Atleast here there is some framework and regulation.
I can tell that their brains are genetically valuing the dopamine more than they do serotonin. Then theyâre addicted to the dopamine activity and therefore as a combined effect they do not make profits and continue to trade losingly much as they want the dopamine. Itâs inside their brains actually. The successful ones know how to prevent that, though not consciously.
(Neurologically speakingâŚ)
Think of it as repression of the stress by the failed traders, they do not want to face the stress consciously and therefore they simply just repress it, there it all goes wrong. Because they can never manage risk etc⌠if they take a bad trade, and one bad trade ending continues in the initiatialization of the next trade, failing that one too.
(Psychologically speakingâŚ)
Much as I know whatâs going on.
If leveraged trading is so bad as you ought to make it then some country would have banned it already.
This is an actual issue and the patients shall be treated the same way we do a drug-addict. Depending upon the severity of this among people, we should treat this either as gutkha-addiction or cocaine-addiction, I wonât tell a thing there.
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and that is why @gsecgsec is missing. I hope he comes back.
Surely attacking him will fix this issue.
Oh he will be back.
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and once again indian regulators treating adults like childrens.
you cant do this with your money you cant do that without your money, in southern states we are not even allowed to buy lottery with our money. its turning into china âyour money our moneyâ.
The one coming and loosing in trading are the ones experimenting, just like they experiment in any new business.