Lưu Công Thành đã viết:
Người bán phải có người mua chứ?
Tại sao người bán lại sẵn sàng bán ở cái giá đó và tại sao người mua lại sẵn sàng mua ở giá đó?
Ở đây còn cần có năng khiếu của một tay chơi chứng khoán nữa kia.
(sorry I can't type VNese in my browser)
Whenever you place a trade, the trader who is buying the stock from you, or selling it to you, feels the exact opposite of how you do about the trade. The minute you complete the trade, you are both at risk because the next "tick", or the price movement in the stock, will prove which of you was right. And only one of you gets to win!
Why do prices up and down? They move because of supply and demand, coulped with our greed and fear. When you, the buyer, and the other guy, the seller, disagree about the value of the stock in question, the disagreement causes the stock price to change.
Now come back with the issue about fundamental and techinal analysis. In the broad terms, investors, both private and institutional, use fundamental analysis as their basic for stock puchases. Short-term traders use technical analysis. Since the risk-reward ratio between investing and trading is very different, and of course, the time horizon for long term versus short term is so diverse, it makes sense that 2 different methods are employed.
Fundamental analysis relies on economic supply-demand information in the overall picture. It includes such statistics as a stock's annual growth rate, 5-year, 1-year, and quarterly earnings records, P/E ratios. So, they are interested in a stock's performance year to year than they are in market behavior.
One reason stock trader don't delve into fundamental analysis is that it consumes too much time. Usually when target stocks to
trade (not to invest), an experienced trader (short-term investor or day trader) first chooses industries, glances at EPS rankings and enjoys his stock having a good fundamental as well as techincal outlook.
Techinical analysis is the alternative method of reseaching stock. It's the study of the study of time vs price and sentiment. Of course, all of us know that they use charts to analyze. Charts show a stock's price history, and with practice, we can see everything we need to know about particular equity in a matter of seconds.
This pieces on charts dont get there by themselves. Price patterns on charts appear due to the collective mindset of the stock's participants. Patterns repeat themselves because those buyers and sellers operate from memory (dont have so much time to talk about how it operates from memory but maybe you guys who trading can 'feel' how it goes".
In the nutshell, long-term investors prefer fundamental analysis while short-term ones prefer techincal analysis. Both work anyway.
Trading stocks in the US requires us to have a strong foundation in such finance as money and capital market, investment and financial management to survive for a long haul. Actually, anyone can register at a broker to open several accounts to trade stocks but not all can win because stock market is a zero-sum game. So, there will not be a so-called "perfect condition" because say, the pros will always be there to wait for the less-pros' coming to earn their hard-earned money.
One more fact maybe you guys never notice that you can hear about say, 18-year-old kid, earns 1-million dollard in certain area but not in stock market. Think about it! It's not a game of luck.
