Thao Phuong, a 27-year-old real estate broker, is one of many new investors – F0 – joining the stock market from scratch (no experience, no knowledge and no instructor).
She has been practicing stock investing since September 2020 by sharing experience videos on Youtube.
Taking profits from VN30 stocks in the year-end wave, Phuong was told to gather SHB and ACV to wait for the `game` to transfer listing from the Hanoi stock exchange to Ho Chi Minh City.
The shares have not yet arrived in the account, the market corrected sharply, losing nearly 61 points (equivalent to 5.11%) in the January 19 session.
In reality, everything is not as simple as the scenario this girl paints.
Losing more than 19% and 26% respectively, Phuong picked up the phone and called a friend working at a securities company to seek advice on whether to buy at average price, sell to cut losses or continue to hold to wait for the market to recover.
An investor’s stock account turned red after the January 28 session.
Sharing with VnExpress, the branch director of a securities company in Ho Chi Minh City said Phuong’s story is a typical example of the reaction of investors who lack friction with the market.
In the past two days, this person contacted many investors with similar consulting needs to Phuong.
Meanwhile, Mr. Hoang Thach Lan – Director of Investment Consulting for individual customers of Rong Viet Securities Company (VDSC) said that if he surfed, Phuong would have made a mistake by not selling sooner because of his short positions.
This expert admitted that making forecasts and investment recommendations at this time is not easy because market developments are very bad.
`The market has not had any significant correction after Covid-19 broke out in Vietnam. Investors are therefore not hurt and do not have experience in acting in special situations, so this can be considered a
The impact of this shock is very clear.
`Experienced investors like us don’t dare to fish for the bottom right now, because we don’t know where the bottom is yet. If anyone buys now and wins, it’s because of luck, not skill,` Mr. Lan said.