@Meta Trader wrote:i agree with this credit facility . but cse all ready have taken action with that issue . this is why we need short selling . so far cse is a one way market but with short selling we can expect a two way market !@slstock wrote:@UKboy wrote: We should be heading towards a market without any credit facilities & day trading.
I hope regulators take an action very soon rather too late.
At the moment CSE looks like ponzi scheme.
I agree about Day traders entering CSE on credit trying to make a quick buck without much knowledge is a very dangerous situation.
But there should be also some speculation to drive the market up also. So Day Traders are need to some level. Else when the market turns dull at some point there won;t be much momentum. Also Credit is not bad as long as the users know what they are doing with it ( ie invest wisely).
The issue is some Day traders ( possibly on Credit) is making a mockery due turning CSE into gambling.
What I suggest is that there should be a scheme to Limit new CSE entrants to do day trades on credit as some of them might enter only for the purpose of making a quick buck and not as an investment". Even if their intention was to invest initially due to inexperience they can be driven to do day trades by market influence or temptation . So limiting ( not eradicating) new comers to CSE
to do day trades should be implemented.
I am under assumption that investors who has been trading at CSE for medium to long term ( at leat 1 year) has lesser temptation due to more experience to make a mockery.
Just my thoughts.
Yes, short selling will be a good option when market turns bear. Adding it to CSE is a good idea. But in a bull market , I was referring to the dangers of Day Traders on Credit.