Although Vietnam's stock market has entered its 20th year, for many people, this is still a relatively new type of investment.
To start participating in the stock market, you will have to learn a lot of different concepts, find yourself a reliable stockbroker and immediately open an account at a reputable securities company to get started. transaction. Currently, Vietnam has more than 70 large and small securities companies, of which SSI Securities is the largest securities company in the market, leading the market share in brokerage stocks and fund certificates for 6 consecutive years. Select large securities companies, professional and experienced brokerage team, wide coverage branches/transaction offices, strong financial potential...
In addition, some other principles/advices that you will always have to pay attention to during your entry into the market are:
1. How to invest in stocks profitably
To invest in stocks to achieve the highest efficiency and bring the best profits, we need to define our own strategy. According to experienced investors, the most suitable investment strategy is to invest on growth momentum.
Growth momentum is not stocks that increase too much, but stocks with increasing momentum, inertia will increase sharply. Stocks with strong growth momentum are the ones that are leading the market, so investing in these stocks will provide a lot of opportunities to make profits in the market. Stocks that are on the rise, when buying high, we will sell at a high price, and those who buy at high prices will sell at a higher price. The majority of investors participating in the Uptrend market will earn more money than when participating in the downtrend market, most will suffer losses.
2. Always keep in mind that “Profit” goes hand in hand with “Risk”
The stock market is a place that brings high profits and also brings great risks, once you join here, you must come up with many specific strategies and plans to have the right direction.
Outsiders always only see the current benefits without seeing the past difficulties, so they think making profits is easy. It is not true, before achieving certain achievements, you always go through risks and pitfalls to achieve. New traders need to carefully consider spending a large amount of money to invest, because when they are young, they will not be able to cope with the risks and get high profits. One advice for them is, should use the excess money to invest, first of all, they need to accumulate experience and knowledge to have an insight and acumen on this market.
For those who are learning how to play stocks, it is necessary to practice perseverance and patience at this playground. Believe in your investment and don't daydream. Once you have the right investment method for you, keep pursuing and learning a lot. Only then can you be a long-term and adept trader.
3. “Sell” is harder than “Buy”
Most people who are new to the stock market don't know exactly when to sell stocks. In fact, choosing when to sell is often more difficult than choosing when to buy. But it is this that determines the profits for stock players.
Making the decision to sell shares is sometimes very difficult. People often refuse to admit their mistakes and don't want to sell stocks when they fall in the hope that prices will rise again. And it is equally difficult for them to make the decision to sell stocks that are on the rise: there is a feeling that prices will rise further and stock players often regret these "virtual" profits. “Selling is the hardest decision when it comes to investing in stocks,” said Barry James, President of James Advantage Funds. - You will be a loser if you only define the rules for buying stocks without setting out the rules for selling stocks.
When deciding to buy certain stocks, you should also immediately determine the price at which they can be sold. You can determine this price based on the analysis of banks or stockbrokers. In the event of a loss, you must also set a loss limit for yourself and make sure to strictly follow that rule. Remember, “stop loss is never wrong”.
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