SEBI's circular for tightening rules for F&O trading

[blackswan]

@tcpudpsocket

@blackswan

You sound like a fan of communism/authoritarian dictatorships.

…

and you sound like someone who jumps to conclusions about a person’s political leanings from a simple wall of text
…

Also you:

@tcpudpsocket

@blackswan

Do you want the government to put in ridiculous eligibility requirement for buying a 6 lakh car such as “You must have at least 60 lakhs, because what if you get into a car accident and you might go into a coma and the hospital bill for 1 year will be more than 50 lakhs and what if you die, what will you leave behind for your family”?

this should infact be implemented as they would be a burden on the already burdened taxpayer if they get into an accident etc, who pays hightaxes but gets nothing in return and also has to deal and tolerate the crimes, and lawlessness that prevails and they support. The government should start with birth control to begin with Draconian rules are needed there.

I’ll let others reading this decide whether my “jumping to conclusion” was accurate or not.

[tcpudpsocket]

@tcpudpsocket

@blackswan

@tcpudpsocket

Sebi could have put in eligibility requirements instead of completely banning everything and coming in with draconian moves

I hope you realize that I’m not supporting SEBI banning everything and I totally agree that it is draconian. I just don’t understand how “putting in eligibility requirements” is not draconian?

Do you want the government to put in ridiculous eligibility requirement for buying a 6 lakh car such as “You must have at least 60 lakhs, because what if you get into a car accident and you might go into a coma and the hospital bill for 1 year will be more than 50 lakhs and what if you die, what will you leave behind for your family”?

Do you want the government to have eligibility requirement that you must have at least 10 lakhs to write any competitive examination for college admissions, because what if you get selected, then the fees for the college will be 10 lakhs?

There is already eligibility requirement for trading in the markets: The amount of money required to transfer to the trading account.

• If someone has the ability to transfer 10K to their trading account, then they are eligible to trade with 10K and lose upto 10K.
• If someone has the ability to transfer 10 crores into their trading account, then they are eligible to trade with 10 crores and lose upto 10 crores.
• If someone has the ability to transfer 0, they they can trade with 0 and lose upto 0.

There should be no more eligibility requirements. Adults should have the financial freedom to do what they want with their own money. Stop this elitist mentality that you know what is good for someone more than they themselves.

ironic while calling me authoritarian to get your point across you have completely ignored the US markets PTD rule i had linked,

you also have clearly said you(as in i) cannot say X or i cannot say Y this is authoritarian etc etc. Stop saying this. stop with the elitist mentality etc etc. How ironic calling someone a authoritarian while telling someone else to stop saying x and y thing.

See this. care to answer this @blackswan PTD rules are needed in our markets rather than blocking instruments.

[blackswan]

@tcpudpsocket

pretty sure you have never heard about private credit and how many people who dont have cibil scores avail them

I’ve heard of private credit. You misunderstood me. I was not saying that loans are only given through CIBIL score. I was pointing out the motivation for the existence of something like a CIBIL score. The reason a framework like this exists is that it is the responsibility of the lender to make sure they lend their money to someone who will be able to repay it back, and if they don’t they might not get their money back. So, like I said “A fool and his money will soon be parted.”

A foolish lender, who lends his money to another irresponsible fool, will sooner or later lose his money. But I support the freedom of anyone to use their own money in ways they want, which includes losing their money.

If you can’t use your own money that you “own” in ways that you want, then you are not really owner of that money.

[tcpudpsocket]

and my point is we need PTD rules and not rules that Block instruments all together.

[blackswan]

@tcpudpsocket

See this. care to answer this @blackswan PTD rules are needed in our markets rather than blocking instruments.

The SEC is a joke and definitely not a good example to blindly follow. Just because America does something doesn’t make it automatically a golden rule.

America has 31 trillion dollars in debt and rising every year. Please tell me if we should also follow America’s lead on this because “US does this, so must be awesome!”

[blackswan]

@tcpudpsocket

and my point is we need PTD rules and not rules that Block instruments all together.

Just to be clear, I’ve been clear from the start that I’m against blocking instruments, and consider it draconian, just like you.

However, what you are suggesting as a “remedy”, I consider even more draconian.

[tcpudpsocket]

@blackswan

@tcpudpsocket

and my point is we need PTD rules and not rules that Block instruments all together.

Just to be clear, I’ve been clear from the start that I’m against blocking instruments, and consider it draconian, just like you.

However, what you are suggesting as a remedy, I consider even more draconian.

you consider that draconian and i don’t! just like i consider free handouts and socialist schemes draconian and terrible! as all these sceme’s are legally stealling from the tax payers and hard worker.

you do realize not everyone will have the same views as you do. 7 billion people on the planet different upbringing different views.

[tcpudpsocket]

@blackswan

@tcpudpsocket

See this. care to answer this @blackswan PTD rules are needed in our markets rather than blocking instruments.

The SEC is a joke and definitely not a good example to blindly follow. Just because America does something doesn’t make it automatically a golden rule.

America has 31 trillion dollars in debt and rising every year. Please tell me if we should also follow America’s lead on this because “US does this, so must be awesome!”

No the SEC is not a Joke. There is a reason america leads the world and is the supreme authority.Following them wont do any harm.India needs privatization and a free market.

[blackswan]

@tcpudpsocket

i consider free handouts and socialist schemes draconian and terrible! as all these sceme’s are legally stealling from the tax payers and hard worker.

We agree. In fact, I consider taxation itself as theft (legally stealing from hard worker)!

[blackswan]

@tcpudpsocket

There is a reason america leads the world and is the supreme authority.

True, and there are many reasons for that. But the SEC is not one of them.

@tcpudpsocket

Following them wont do any harm.

[blackswan]

@tcpudpsocket

India needs privatization and a free market

100% agreed. So, why are you advocating for a nanny state?

[tcpudpsocket]

@blackswan

@tcpudpsocket

India needs privatization and a free market

100% agreed. So, why are you advocating for a nanny state?

Nanny state only in selected areas like Birth Control, and risk taking leading to being a burden on social systems.Indians are known to break rules globally they cant be herded without a nanny state in certain areas.

[rahulsingh]

Sebi just forgets one thing option buyer will only move to more extreme otm options because they have fix capital so problem will not go away🙃

[KhisiyanaBilla]

How are zerodha users going to be impacted by the intraday position limit of 15%. Considering the large market share of zerodha, the 15% broker level limit will be reached very early during the day. In such a case will the users will not be allowed to create fresh positions?

[amitb1]

increase in lot size for index only or for stocks too??

[GVS_NIKHIL_REDDY]

only in index options

[VijayNair]

@GVS_NIKHIL_REDDY

only in index options

and Index Fut

[Aakash_Thule]

Index

[share_trend]

Can we execute credit spreads with margin benefit or will there be huge capital difference for executing such strategy

[Sujit_C]

Credit spreads won’t be impacted. The margin benefit will continue as long as all legs of the strategy are of the same expiry.