So, I was trading good after a long time. I thought it can’t be that good but everything seem fine.
Then today (fortunately), I decided to have a look at ledger and out of nowhere, I saw my ledger took a blow of approx 10k… short margin penalty… The tradegy of this thing is they update it after 7 days, so obviously much more penalty will arrive in upcoming days.
Whoever is involved in this loot of my hard money, may Karma serve him/her well and they should realise that a person works hard day and night not to see this, that their all white money is looted in some form of penalty.
I’ve an account of 50k, atleast have some shame … take max 10% of my account but no, they want it all. Why would you allow a thing which will cause penalty, just reject that order. wtf.
I don’t have any platform on which I could write this so I wrote it here.
If possible do share ledger screenshot .It will be helpful for others.
With you on this Bro.
For now its best to trade with atleast 2x your overall position at all times.
The reason why we don’t see many ivory towers today is that they were all attacked by Barbarians. Crypto Smooth Brains are coming, let’s see how SEBI regulates that. Their lives itself will become a penalty trying to keep all in check.
Really painful scenario brother. we can just hope that the regulators and exchanges understand the gravity of the situation and bring in some sane mechanism soon. This is such bullshit
Canadian Horn Honking jaise Dalal Street pe honking karte hain. Mask pehle hi pehna hai. If we do it together, things will happen. Strength in Numbers.
Bhai ko Dividend kam mila hai lagta hai 
. If coming meet at Nariman Point. Might as well get some fresh air while protesting.
Feel you man!
It’s better to always have a buffer funds of 15-20% of your overall position size in your account to atleast get saved from what we lose without knowing it.
now a days its day robbery for exchange , i also have 20k margin penalty , even in the day trading time i have free margin of 5 lakhs , after 11.30 its went to -80k , how the margin calculation in exchange i don’t know , short margin penalty want to remove from the system , or want to have another option with exchange , the brokers already raise a issue of margin penalty ,
Nirmala every day is telling india is easy of doing business , easy of grabbing the money from our account is easy for government . Bullshot regulation
Thx for suggestion … 28 Jan - 07 Feb will show day by day from now. Idk how much that’ll be but now I’m stable.
I don’t think traders have a massive group unity (like you know shown by farmers against 3 black laws) so there also lies a problem and most traders are novice.
lol. didn’t know about Nariman Point before. Will surely come there one day, not to protest but buy an office.
Bro did you remove the buy leg of the option while trading? If buy leg is removed, sell still stays in the system but creates huge margin penalties.
One of the primest real estate in the world Sahil Bhai. Even Bombay waalas don’t keep see such dreams. Looking at your account and especially seeing that you are paying so much in margin penalty… its a stretch. But then again stranger things have happened in this City. Give it a shot and see.
Retail Traders Association of India is a telegram channel where you should report this to.
Reach out directly to ‘adigitalblogger’
He has been proactive in meeting NSE officials and filing legal cases seeking repeal of several recent NSE circulars.
Joe nothing will happen. ANMI has presented documents after documents to SEBI of such incidents and sought meeting time multiple times. Nothing came out of it. No matter where he reports it’s all useless.
True. There does not seem to be any relaxation to the traders with regards to the penalty being levied. They have mentioned the impossibility of compliance with provisions of peak margin. Hard luck.
Hopefully, we see some changes to ease the pain.
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