Resilience is about playing through pain and rising above it.
@RishabhPant17 showed tremendous character by walking back into the game with an injury and delivering a performance like that.
His fifty is a powerful reminder of the grit and determination it takes to represent your country.
A brave effort, and one that will be remembered for a long time.
Well played, Rishabh!
SEBI Published a study on F&O traders today and here is the summary
1. Majority of Traders Face Losses: 93% of individual traders in F&O between FY22-FY24 incurred losses, averaging ₹2 lakh per trader.
2. Heavy Losses for Some: The top 3.5% of loss-makers faced an average loss of ₹28 lakh.
3. Minority Profits: Only 1% earned profits over ₹1 lakh.
4. Transaction Costs: On average, traders spent ₹26,000 on transaction costs in FY24, with ₹50,000 crore spent collectively in three years.
5. Algorithmic Profits: Proprietary traders and FPIs were the main people who earned profits, mainly through algorithmic trading.
6. Young Traders Growing: The proportion of traders below 30 years rose to 43% in FY24.
7. Income Profiles: 75% of traders declared annual incomes below ₹5 lakh.
8. Persistence Despite Losses: Over 75% of loss-making traders continued trading.
What a prompt reply was given by CA Anuj Goyal Ji, CCM, to the Hon Minister regarding the credibility of CAs.
We need this type of aggression from our leaders otherwise the profession will be in a very bad position.
5 years old - Dad knows everything!
7 years old - Dad knows.
10 years old - Maybe dad doesn’t know?!
12 years old - Dad doesn’t know.
14 years old - Dads gone crazy!
16 years old - Can’t take dad seriously.
18 years old - What does dad know?!
22 years old - Dads talking rubbish!
24 years old - I know more than dad!
26 years old - Dad seems to know some things after all.
30 years old - Think I should ask dad about this?!
40 years old - It’s amazing how dad went through all this!
45 years old - Dads been right all along.
50 years old - If dad was here, I could have learned a lot.