See this is the reality. All this argument is for nothing.
Retail traders don’t really care what SEBI does.
if SEBI outright bans retail trading tomorrow, no one is going to care. may be one guy will cry somewhere and bitch about it, but thats about it.
People will accept the ban and move on…
Capital markets regulator Sebi on Saturday, July 29, clarified that there is no proposal to curb retail participation in derivative markets, or futures and options (F&O) trading. The clarification comes after media reports said that Sebi was likely to propose linking the amount of equity derivatives they may trade to their wealth.
“No proposal to curb retail participation in derivative markets," said Sebi on Saturday said in a statement while mentioning that this is with reference to some media articles speculating that Sebi is seeking to curb retail participation in derivative markets.https://www.news18.com/business/markets/fo-trading-sebi-denies-reports-of-curbing-retail-participation-in-derivatives-market-8455621.html
I m aware of that.
My comment was in the context of a hypothetical situation where SEBI outright bans retail participation in derivatives.
Okay Sir. I will stop from tomorrow.
Ooh is it? Amazing Saar. You know it all.
All stop Tom 
Would like to hear more from you. Nobody goes the distance with FnO that long.
If you felt the odds were stacked against you, why did you not pull the plug earlier?
You can DM if the answer is too personal.
If he did please share the answer here too.
It is not violation of privacy.
yes, we need capital to trade and make money and have an edge and keep compounding to make it worthwhile - sort of similar to investing. Perhaps, you did not do that and that was the mistake. Perhaps your system was not good enough even though you felt it so.
Its strange that it took so long for you to realize this though. ‘trading for little or no profit’ implies that you are not making much money and this should have been visible when filing ITR itself. And so it was not ‘Robust and smart strategy’ as it did not work as well as you hoped for. At some point one must give up, although yes learning to trade can take a long time, just like most things. It took about 5 years for me during which time i made no income other than CG ( trading fulltime ).
And yes, for many/most people trading is probably not the answer and focusing on their career is better.
But your experience does not apply to everyone, its easy to assume so. Your conclusions are far too certain.
Since i turned profitable i have overall made more money in 3 years than i made as salary working for roughly 6 years ( a multiple of that). Yes i did miss some years and yes my salary would probably have increased in that time ( could have been fired too!) so its not black and white. And future is uncertain, markets are competitive. Salary is much more certain than trading income which changes every year. But its reasonably possible that 5-10 years from now i would be in clearly better position financially. I paid tax last year somewhere around my last salary. And i am sure some people do much much better than me. With some luck, I will hopefully will be more or less financially free for current std of living in next 3-5 years.
And health wise is hard to say. In the end i hated my monotonous job ( was fun for few years), had no interest in IT industry and was tired of eating outside food that did not seem to suit me. I also gained a lot of weight in those years. Now i enjoy my work, i don’t have much pressure in realtime as trading is automated, i can take break for days and months if i am tired and work when i want to. Its not all pros, you basically trade alone which can be both a pro and a con. Future income is uncertain too. But trading can work and is working for me.
This is possible, and no reason we can’t make a multiple of that too. One needs proportionate capital for it, hence the need to compound ( or to already have a large capital base).
Without capital, trading, full time esp, is absolutely not worth it. imo we need 50L+ minimum, probably 1/2cr+ - higher the better. And it also depends on expenses, must be able to compound and put profits to work next year. All the while, must keep focusing on managing risk and controlling Drawdowns. Low capital would encourage one to take more risk and that comes with guess what - risk.
The 30 to 40 lakhs you are referring to is annual or for the full career ?
Protests do happen whenever the facility of hedging price risk is banned for a limited time even just for a few F&O instruments especially in commodities: SEBI ban on agri commodities trade: Why farmers are protesting against the regulator in Mumbai | Explained News - The Indian Express