A black hole for your money

SEBI's recently released study kicks of with the sentence "89% of the individual traders (i.e. 9 out of 10 individual traders) in equity F&O segment incurred losses, with an average loss of Rs. 1.1 lakh during FY22..." No one who observes the equity markets should be surprised by this. That almost all individual traders make heavy losses in F&O is a known fact but it's important that the SEBI study has put a number to it. In fact, in my observation, if the traders had been tracked for a longer period, the number would be 95 or 99 per cent. The bigger question is what is going to be the regulator's next step, what is SEBI going to do about this? Of course, the idea that the regulator should do anything about this sounds repugnant to many people. When this study was relea