“Investment only needs to be profitable, ego is not important, you can leave it out”

In the past two years, many traders have x2, x3 their stock accounts on the occasion of the “blooming season”. Especially for traders, often known as those who always trade buy – sell, use margin on the electronic board continuously with the desire to quickly profit from the stock difference.

However, the market fluctuates strongly and F0 investors who want to make quick profits will often be “submerged”. “Accidentally surfing to become a shareholder” Probably the most accurate sentence to describe the situation of traders in the first months of the year. Moreover, due to a lot of transactions, in addition to losses, traders also have to bear taxes and fees.

Program Secret Coin No. 16

In “Secret Money” number 16 with the topic “Trade to live or trade to die”, expert Pham Luu Hung (Mr. X30) – Deputy Director of SSI Securities Investment Advisory and Analysis Center (SSI Research) shared how simple calculation of taxes and fees for traders.Every year there are more than 220 sessions, assuming an average of 3 days / time of buying and selling, traders will trade about 70 times. With a fee of about 0.15%, it will be about 10.5% fee, quite high.

“Not to mention we use margin, trading with a 1:1 margin continuously, the annual fee will often be very high. Those of you who trade a lot, at the end of the year, look at the statement sent by the securities company, and it can be a bit painful to look at the fee. However, if I make money, it’s okay, if I make a lot of money, it doesn’t matter if I look at the fee. On the other hand, if you are losing, breaking even or making a slight profit, the fees can be quite high for the whole year.”Mr. X30 frankly shared.

Host Ngoc Trinh and Mr. Pham Luu Hung (X30)

Although the numbers have proven that trading is not profitable, there are still many people who “fall in love” with it. Explaining this point of view, guest Thanh Tung – CIO of FINPROS Investment Joint Stock Company said: “Normally people won’t be able to make a profit. When everyone only needs to see a little profit, the profit-taking mentality will increase very strongly. We rarely ‘hold’, once we enter, we can easily ‘hold’ once we enter it, but once we enter it, it has fallen after suffering forever, now we have just surfaced a little bit, a little profit, then At that time, the profit-taking mentality was very strong. So human psychology is constantly changing, that’s why it creates transactions in the market.”

Agreeing with Mr. Thanh Tung, Mr. X30 believes that the fear of loss, the assessment that the loss is heavier than the loss of profit is something investors should avoid. “More broadly, my ego is too big, it is difficult to accept that I will lose, and realizing my losses is extremely difficult. Usually people will keep their losses until they get to shore, so they don’t feel like they’re underdogs. Sometimes it’s even worse than ‘saw the table leg’, I start buying the average cost, making the loss heavier. That is the mentality that should be avoided. I invest as long as there is a profit, my ego is not important, just leave it out.”

The problem here is that in addition to controlling investment psychology, we also need to know what our limits are. Time to stop loss and take profit without being too disadvantaged when it comes to transaction fees, which number is suitable for investors. In this story, Mr. Thanh Tung said that the threshold of stop loss (stop loss) and take profit (realization of profit) depend on each stock.

“There is the simplest thing, we have to let the take profit threshold be larger than the cut loss threshold. That is, we have to squeeze profits and cut losses immediately. For example, a single profit must be enough to cover the loss plus taxes on both the loss and the gain. Even many people even put a profit that is enough to pay for 2.3 times of loss. Only then can we hope to make a profit. The vast majority of people are better at taking losses than taking profits, doing the opposite of what should be done. So trade both loss and have to pay fees.”

Photo: Moneytalk

https://kenh14.vn/tam-ly-khong-vung-thi-nho-loi-chuyen-gia-dau-tu-chi-can-co-loi-nhuan-thoi-cai-toi-khong-quan- inside