Let's fight the case in Court together when there is no option other than quit trading or dabba trading!
Many small traders are living with leverages. Due to lots of unemployment or low salary, many people are involved in trading over the last few years. Some of them are earning for living too. Due to the small capital in initial days they are hugely depending on leverage.
The above-said petitioner said if required may fight the case in supreme court or high court.
He, created a whats app group in this regard. Here it is,
"In order to enable that we need to communicate with each other, so here's our WhatsApp group -
https://chat.whatsapp.com/8kIzlaQG08s5j9bzsKm6pV
Feel free to join."
[Note moderators can delete above link, it is already inside the petition. I just share that group here bcoz our trading profession is in danger, we need to fight together to protect our profession of trading.]
He said together as a group it will be easy to share the cost of fighting. It's better to connect with him to teach a lesson to SEBI.
Personally, as a pro trader I used very high selectively (increase the position size when there is favorable risk-reward). Those are jackpot trades. Without those occasional jackpots (high leveraged low-risk high trades) trading might be meaningless for me.
So, I am with the above-said petitioner too. We must share some cost to fight the case. Together the cost will be very less.
We must actively support that petitioner.
It is better we share some profit when our profession is in danger. After all, this profession gave us those profits/earnings. So for the sake of our trading profession, lets fight.
We must use some profit now to fight the case together, just like the cost of a stop loss(to prevent bigger loss).
I hope some TJ member are serious to fight the case together. After all, what is the use of such a community, if we can't make the fight together when our back is against the wall?
It's time to fight together to teach SEBI a real lesson that we traders are not helpless.
Most of us who survived in this field (after lots of up and down) have special willpower, we are a fighter.
At least, I am with the petitioner. I will fight together.