Higher management thinks replacing humans with AI won't affect their industry, but what happens when everyone starts to do it. The world is small, my friend!
Over the course of history, we have seen technology advancing and jobs getting replaced, but it was with other humans, not AI. No job no wealth, no customers.
The sole credit for strong indian market post covid is because of retail trading, cutting it down will not only slow the market growth but also big players to manipulate the markets.
@SEBI_India I am sure you won't read my tweet, but banning retail traders with small captial is not the solution. A ship at shore never learns to sail in high tides. Your study may be true that more than 70% people have lost their captial but did you try to find the root cause?
1. People try to be rich in short time by talking big risk.
2. A lot of novice players bindly follow fake traders on social media such as telegram and youtube.
3. Lack of learning for trading.