"Watching profits increase so quickly, making money so easy made me feel like I was intoxicated in a wave, and continued to pour more money. I did not anticipate the risks and then turned back in time"...
Mr. Lam (42 years old) is an F0 investor, he was shared by a close friend his experience in stock investment during the city's distance.
"On vacation, I have free time and have cash available, so I took the time to find out, then pour money into the group of "necks" that my friend is raising," he said.
It is known that Mr. Lam is a construction contractor, if not for the epidemic, his field of work would not run out all year round. "In the middle of 2021 when Hanoi implemented social distancing, a close friend of mine who was also on vacation shared with me his experience of surfing some codes that my friend was following," Lam said.
After a few sessions of listening and learning more, Mr. Lam decided to follow in his footsteps to raise "hot" codes at that time.
“When I first joined to watch the skyrocketing steel price, I crept money into NKG and HPG, but because I didn't have much experience, I didn't dare to go all the way through the "wave" because my hands were shaking because I saw the high profit for the first time. so. After only a few days, my profit increased by several hundred million. It's a miracle," Lam said.
Mr. Lam continued to listen on forums and groups, continuously switched to other "hot" stocks, from lower bank stocks in the middle of the year, then most recently "hit" stocks. real estate, penny.
“There are months, the portfolio increased by nearly tens of billion dong. The number of profits in a few months, if converted into profits from projects equivalent to my whole year of work, is indeed many times lighter. I was surprised and sublimated because I thought that making money was so easy, stocks were actually not as difficult as I thought," Lam shared.
However, the characteristic of speculative stocks is a large fluctuation range, rising quickly but falling equally quickly.
There are some codes, he lost all his profits just because after taking profits, the stock still increased, unfortunately, he should buy back but then had to sell at a loss because the code reversed.
Typically, in recent months, the two real estate codes that account for the highest proportion in his portfolio fell to the floor price for two consecutive sessions. Fearing that the fun was over, Mr. Lam decided to "close the door". But right after that, these codes reversed to the ceiling. On the second rally, unable to stand still, he poured money to buy back. The previous scenario repeated, just finished buying, the stock fell again.
In a short time, from the previous positive 30% profit, his account turned into a loss of more than 15% and then negative 50%...
When investing was no longer a rosy day, morale also dropped, he realized that the market was really fierce and not as easy to make money as he thought.
