If we sit quiet, nothing will happen.
Some members are saying if traders have a track record, govt will allow more leverage or take our case.
It will never happen unless we fight for it.
.......
Yes, nothing will happen unless we bring a tough fight together. Unity is the Strength.
In this one of the oldest and popular forum traders are being united slowly.
I saw some old ids suddenly come alive. Traders are very much worried about the trading profession as a whole, bcoz net-worth bases exposure will hurt every type of traders.
For example, even if a trader is trading with 80 lakh capital, net-worth based calculation will end his freedom to take position freely.
I saw traders in tradingqna forums members are united. Some members there shared trajerji post there too. With time more and more traders will interact with each other as a group to tackle the adversity.
Traders, trading online are already internet savvy, most of them are young population. They are educated, intelligent and smart enough to build protest peacefully and logically. I hope together we can stop it.
This is a much bigger issue than that STT trap, which got attention after someone lost huge money and successful petition against it. This also the movement will get actual popularity/strength only after such a draconian rule is implemented.
Let's be optimistic and in the meantime concentrate on trading more. Plese, don't lose your concentration in trading due to anger or fear. We traders are used to controlling our emotions better than the general public.
One of my trader friends has contacted CNBC Awaz & Money Control team and express our concern.
Let's hope for the Best.