Fundamentals of the Stock Market
📌 Stock is defined as a financial instrument representing ownership or lending rights that can be bought and sold for profit, essentially providing proof (chứng) of a commitment (khoán) to an asset.
🤝 Buying a stock (cổ phiếu) makes you a shareholder (part-owner), while buying a bond (trái phiếu) makes you a creditor (lender) who receives fixed interest payments.
📈 The stock exchange (sàn chứng khoán) is the marketplace where investors trade based on belief and expectation of company success and price increases.
🇻🇳 Key Vietnamese exchanges include HOSE (for large companies), HNX (for small/medium companies), and Upcom.

Brokerage Firms and Access
💻 To trade, one must open an account with a brokerage firm, which acts as an intermediary (cò chợ).
☕️ Firms like SSI offer established reputation, analysis teams, and are suitable for serious investors needing strategic advice, often with higher fees.
🛒 VN Direct functions like a convenience supermarket, offering comprehensive services within one app, suitable for integrated financial management, though sometimes slow.
💸 Beginners are advised to choose user-friendly, low-fee platforms like VPS for self-sufficiency and cost savings.

Understanding the Trading Board (Bảng Điện Tử)
📊 The trading board displays essential data: Reference Price (TC) (previous closing price), Ceiling Price (Giá Trần) (highest allowed trade price), and Floor Price (Giá Sàn) (lowest allowed trade price).
🟢 Price movements are color-coded: Green (Xanh Lá) for price increase, Red (Đỏ) for decrease, Purple (Tím) for hitting the ceiling, and Blue (Xanh Dương) for hitting the floor.
⚖️ The Foreign Investment (DTN) column shows net buying (MUA DÒNG) or net selling (BÁN DÒNG) by international investors, which can influence market sentiment.

Market Dynamics and Analysis
📢 Market movements are driven by macroeconomic news/policies, company earnings reports (revenue/profit/mergers), and investor sentiment/cash flow.
🧠 Investors use three main approaches to predict trends: Fundamental Analysis (long-term focus on financial reports), Technical Analysis (using charts and indicators for short-term trading), and Psychology/Flow Analysis (analyzing crowd sentiment).
🏛️ The market is regulated by key bodies like the State Securities Commission and local exchange commissions to prevent it from becoming a pure gambling den.

Key Points & Insights
➡️ Do not start investing by staring at the real-time board; establish a fundamental knowledge base first to avoid emotional decisions (FOMO).
➡️ Prioritize understanding the business itself (how it makes money, sustainability, debt) over purely technical indicators, following the example of Warren Buffet.
➡️ The biggest risk is your own emotions; control this by documenting the rationale for buying to review during moments of panic or fear.
➡️ Treat initial losses as tuition fees (học phí); only invest money you won't need for 1-2 years, and never borrow money or go "all in."

📸 Video summarized with SummaryTube.com on Dec 03, 2025, 13:15 UTC