Comment on Intraday leverages reduced across the board

Anoop commented on 05 Jan 2020, 03:03 PM

This is one of the stupidest decisions by the SEBI and the govt. If brokers are providing good leverage, it doesnt mean that we have to fully utilize it, its upto every individual to decide how much capital to risk. If people have no qualms about losing their money, why the hell is the SEBI and govt concerned about people losing their capital. Also margins or leverage is the fuel for Intraday trading and if this fuel is reduced or removed, it will definitely affect everyone incl the big players negatively as the volume will dry up and there wont be anymore buyers or sellers. No market participants means no markets basically. In short everyone loses by this worst decision of SEBI. Fuel is required to keep every engine running, without it it will just sit idle doing nothing. How a vehicle and the fuel is used, is best left to the user. Its none of anyone else’s business incl the govt. I hope Zerodha and others will strongly protest against this move and enlighten the SEBI and the govt about this and instead of reducing the margins, will actually double or triple it.

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