hi
I even through some light on this extended timing also..its totalyl related to stop retails to trade & force all of them to put their surplus money into mutual fund..in covering of protacting retails, SEBI is helping mutual funds..mutual funds has a big lobby & they have lot of money..they have already lobbied to make those rules.
1) cash market will close at 3:30 pm & futures will be traded...think about it..take an example, As a retail trader, I buy reliance in cash market..I cant closed my position after 3:30 pm..& I am not able to buy /sell enough lots of futures( due to net worth exposure rule) ..so if any bad news happens after 3:30, HNI & DII & FIII all big boys can use that news, they can buy/sell futures/options & control their losses..but as a retail trader, I have to bear losses..I can not react on that news & cant do anything about that..but big boys can do..Itslike not providing same field to players..
2) two players are playing but retails traders are not allowed to use futures/options for their protection ..
after 2008 loss, people know now about power of shorting & importance of future /options ..so educated traders also can take short/long positions in future/options to use short opportunities.as we are not allowed to do short in cash markets..its simple As a retail trader, I am not allowed to do shorting ( as shorting only allowed in options /futures) ..so how retail trader can use shorting opportunities?
3) people who buy as a deliviery trade, can just see helplessly , that market is falling..& losses is mounting ..just see that FII,DII & HNI is selling & we retails traders are just seein helplessly market is falling..cant hedge our positions & use the opportunity of shorting..thats is totally unfortunate & unfair..
fellow traders ,think about this points ..If those all points implement..then its not worth risking to trade in market & worth spending time & money to do that business which we have learnt after years of struggle & hardwork..RIP TRADING PROFFESION ..its really unfortunate..
Thanks
I even through some light on this extended timing also..its totalyl related to stop retails to trade & force all of them to put their surplus money into mutual fund..in covering of protacting retails, SEBI is helping mutual funds..mutual funds has a big lobby & they have lot of money..they have already lobbied to make those rules.
1) cash market will close at 3:30 pm & futures will be traded...think about it..take an example, As a retail trader, I buy reliance in cash market..I cant closed my position after 3:30 pm..& I am not able to buy /sell enough lots of futures( due to net worth exposure rule) ..so if any bad news happens after 3:30, HNI & DII & FIII all big boys can use that news, they can buy/sell futures/options & control their losses..but as a retail trader, I have to bear losses..I can not react on that news & cant do anything about that..but big boys can do..Itslike not providing same field to players..
2) two players are playing but retails traders are not allowed to use futures/options for their protection ..
after 2008 loss, people know now about power of shorting & importance of future /options ..so educated traders also can take short/long positions in future/options to use short opportunities.as we are not allowed to do short in cash markets..its simple As a retail trader, I am not allowed to do shorting ( as shorting only allowed in options /futures) ..so how retail trader can use shorting opportunities?
3) people who buy as a deliviery trade, can just see helplessly , that market is falling..& losses is mounting ..just see that FII,DII & HNI is selling & we retails traders are just seein helplessly market is falling..cant hedge our positions & use the opportunity of shorting..thats is totally unfortunate & unfair..
fellow traders ,think about this points ..If those all points implement..then its not worth risking to trade in market & worth spending time & money to do that business which we have learnt after years of struggle & hardwork..RIP TRADING PROFFESION ..its really unfortunate..
Thanks