70% of Intraday traders suffered losses in FY23: SEBI

The study highlights a jaw-dropping 300 percent surge in the number of individuals participating in intraday trading in the equity cash segment in 2022-23 compared to 2018-19. The promise of quick profits has attracted many new traders. However, they might want to reconsider their strategies, as the data reveals that the average number of trades by loss-makers was higher than that of profit-makers.