The issue is we traders are NOT united, we should all be united and take a firm resolution that not a single trader will trade from tomorrow until and unless SEBI reverses the decision; only then will SEBI understand the enormous difficulty being faced by the traders but before that all of us traders should form a union "All INDIA STOCK TRADERS UNION and file a affidavit in the supreme court against SEBI for cheating the retail traders and hire the most effective SC lawyer to fight our case.
I am signing it because for our freedom. We retail traders have the right to decide whether to take intraday leverage or not, its not upto the SEBI to decide that. They don't control our decision. Its basically a breach of individual's freedom. By this reckless decision of SEBI, they are taking our securities market back, with so much less participation of general public in comparison with those in developed countries, India still have a long way to go, and SEBI is here busy in curbing those retail traders and demotivate them and throw them out. SEBI should focus more on how to attract general public in securities market. But, it seems they are not concerned about that.