Seventeen lakh Abhimanyus have entered chakravyuh, will they Survive?
@AlliesFin
SEBI chief recently expressed his concern over 23 Lakh new demat accounts opened in April/May 2020 and increased stock trading by investors. In Mahabharat, the youngest warrior Abhimanyu got killed attempting to break the chakravyuh. He knew how to enter the Chakravyuha but knew nothing about how to come out of it. Traders (Abhimanyus) enter Chakravyuh with feeling that short term share price movements can be spotted and traded correctly to earn profit, actually it isn't doable. As per Harvard , actual or anticipated financial gains releases pleasure chemical ‘Dopamine’ in the brain. Similar brain activity happens when you consume Cocaine. Pleasure seeking brain ultimately becomes addictive. Trading activity then increases manifold and in one large adverse movement, the trader loses his shirt.
Remember –Out of 40 Lakh Mahabharat warriors, only 4 knew how to enter and exit Chakravyuh successfully ! So try to understand what SEBI chief is worried about. His inability to protect new Abhimanyus !.
Fwds #alliesfin
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