[風流Club_天地創造] 제7강 HTS(홈 트레이딩시스템)3 — Transcript

Full transcript

1. 0:00Now, it is good to meet you. I am
2. 0:02Director Seong Myeong-seok of Tak-gei
3. 0:04Delhi TV Stock Creation, dedicated to
4. 0:06shaping the world correctly. It has
5. 0:08been three months since I met you all
6. 0:08on this broadcast, Benji. Three months
7. 0:11have passed. Yes, since last October 20
8. 0:15th—yes, October 20 th—today is
9. 0:16December 1st. And so, in terms of
10. 0:21months, it has been three months. There
11. 0:23is now only one page left of 2014. You
12. 0:25all need to reap the rewards of your
13. 0:27efforts, right? The weather was quite
14. 0:30cold today. Wow, it was quite biting.
15. 0:33Well, there were even snowflakes today.
16. 0:36Just until last week, the weather was
17. 0:38quite mild; it felt like spring weather
18. 0:40. So, if we look closely at the stock
19. 0:43sectors, there are sectors related to
20. 0:45winter goods. Consequently, stock
21. 0:47prices fluctuated significantly and
22. 0:49plummeted. However, seeing the market
23. 0:54show a very positive trend starting
24. 0:56today as the weather turned colder, I
25. 0:58thought to myself, "The stock market is
26. 1:00truly a peculiar market." Okay,
27. 1:02continuing from last time. Uh, today
28. 1:05marks the third session on the HTS Home
29. 1:08Trading System. I will go into the HTS.
30. 1:11Today, we are short on time. I prepared
31. 1:14for one hour, but we will proceed
32. 1:16quickly. Stay alert. Now, let's enter
33. 1:21the HTS. Last time, I mentioned
34. 1:24something. At the very end of the
35. 1:26session, I said this, and they were
36. 1:29surprised again. Looking at it this way
37. 1:32, I said that stocks are "investment."
38. 1:35Right? Stocks are investment. So, when
39. 1:37I said "investment," they said, "If I
40. 1:39do this, the Broadcasting Standards
41. 1:41Board or something will probably impose
42. 1:43sanctions again. 'Hey, this isn't right
43. 1:45. How can stocks be speculation? It's
44. 1:46investment.' Oh, really? What I am
45. 1:48saying is that you must listen to
46. 1:50Director Seong's lectures until the
47. 1:51very end. That is what I will tell you.
48. 1:54The transition from speculation to
49. 1:56investment involves observing trading
50. 1:58trends by investor. That is the
51. 1:59abbreviation. And...This is about
52. 2:01corporate analysis. That is why the
53. 2:04idea that stocks are speculation is
54. 2:05that investor trading trends and
55. 2:07corporate analysis are the most
56. 2:08important factors. We continued
57. 2:13straight from where we left off last
58. 2:14time to emphasize this point. Now,
59. 2:14let's take a look at the back of the
60. 2:17screen for a moment. What confused me a
61. 2:20bit last time was that on this screen,
62. 2:22right? On this screen, as I explained
63. 2:26in the previous lecture, if you
64. 2:27right-click, right? Right-click, and
65. 2:30look at the bottom, I mentioned that
66. 2:33there is a" Save Image "option. Right?
67. 2:35Save Image. If you click Save Image,
68. 2:38let me try it again. I said that if you
69. 2:43click Save Image, it saves to the
70. 2:46desktop. The image. So, what kind of
71. 2:48image is saved? As you can see now,
72. 2:51this kind of image is saved. I omitted
73. 2:55mentioning that last time. It was on
74. 2:58the desktop, but I couldn't find it.
75. 3:00That is why I am briefly explaining it
76. 3:02now. Now, let me go back to the order
77. 3:04book window. Since I am giving you a
78. 3:07lecture today with a certain ratio to
79. 3:09make it quite interesting, if you look
80. 3:12at the HTS...The most important thing
81. 3:14is the stock quote order window. If you
82. 3:18look at the very top right of the stock
83. 3:20quote order window...what is that
84. 3:24picture? It looks exactly like a gear,
85. 3:27right here. I am drawing this with a
86. 3:31mouse, so please bear with me if it
87. 3:34looks a bit ugly. Now, if you try
88. 3:40clicking the mouse to the left here, a
89. 3:43picture appears. Well, a window pops up
90. 3:47immediately. It is a" Order Settings "
91. 3:50window. Now, if you look at the quote
92. 3:57order window, you will see 20%, 70%,
93. 3:59and 100%displayed here. Now, my beloved
94. 4:03Deli family, and all the individual
95. 4:05investors in Korea watching this
96. 4:07broadcast, this is the story I really
97. 4:10want to tell you. Sometimes, when I
98. 4:13watch TV broadcasts like this, I see
99. 4:16numerous experts...well, there are
100. 4:18programs like this, right? There is a
101. 4:21stock analysis corner for the viewers,
102. 4:23for the viewers, for individual
103. 4:25investor viewers. Then, the experts
104. 4:27often ask this:" Okay, where are you
105. 4:29from and who are you? "And the person
106. 4:32replies," Yes, I am Kim Bok-soon from
107. 4:34Myeonmok-do. "Then they ask," Which
108. 4:36stock are you curious about? "and the
109. 4:38person mentions a stock called 'A'. And
110. 4:40what do they ask next? They ask about
111. 4:43the purchase price and the weighting.
112. 4:45So, the person states," The purchase
113. 4:47price is X and the weighting is Y
114. 4:49percent. "If the person says," My
115. 4:54weighting is about 70% "or" 50%, "the
116. 4:56experts clearly say," Ah, that is a bit
117. 4:58high. "And if the weighting is 20%,
118. 5:01they say," Ah, the weighting is
119. 5:03appropriate. "But sometimes, when I
120. 5:05watch TV, there are people who say
121. 5:07their weighting is 100%. Then, the
122. 5:10experts respond very firmly. Now, let's
123. 5:13say someone bought a stock for about
124. 5:1440,000 won, but the current price is
125. 5:16hovering in the 20,000 won range. That
126. 5:19means they have lost 50%, right?"
127. 5:21Because you are incurring huge losses.
128. 5:22So, whenever the stock price rebounds,
129. 5:24please reduce your position a bit. Take
130. 5:26about 20%to 30%of your weight, and with
131. 5:29the remaining cash, how about trying a
132. 5:31different stock? "That is what he says.
133. 5:35However, he is wrong. Now, why is he
134. 5:39wrong? The term" weight "is used by
135. 5:42institutions or foreign investors.
136. 5:45Individual investors, on the other hand
137. 5:48, trade with 1 million won, or 5
138. 5:51million won. Mantae is like that, of
139. 5:54course. There are also those who invest
140. 5:58100 million, 100 million, 1 billion, or
141. 6:00even 500 million won. But look. I have
142. 6:04a 100%weighting on a stock priced at
143. 6:071,000 won or 700 won. The expert is
144. 6:10shocked. He says," Oh, you've invested
145. 6:13too much. "But look closely. 1 million
146. 6:16won—it only counts as 1 million won
147. 6:18if you invest 100%. However, for
148. 6:20someone trading stocks with 100 million
149. 6:23won in capital, 20%would be 20 million
150. 6:26won, right? And for 1 billion won, it
151. 6:28would be 200 million won. So, I believe
152. 6:31the misconception you all have is this:
153. 6:33what matters is the company's intrinsic
154. 6:36value, market value, trading volume,
155. 6:38and the current price in the order book
156. 6:41. For example, regarding stocks priced
157. 6:44at 700 won or 500 won—if the company
158. 6:46analysis isn't very good—I think you
159. 6:48would need to invest around 2 to 3
160. 6:50million won. And then there are
161. 6:52blue-chip stocks, right? Stocks priced
162. 6:55at 100,000 won, 200,000 won, or 1
163. 6:57million won. Well, for those, you would
164. 6:58need to invest a significantly larger
165. 7:00amount. So, if I were to provide a
166. 7:02stock analysis, I would boldly ask you
167. 7:04a question. What?" So, how much money
168. 7:07do you have in total to trade stocks? "
169. 7:0920 million won? Yes. They asked how
170. 7:11much of that you have purchased so far.
171. 7:13I would definitely tell them," Wow,
172. 7:15that's a bit too much. You should
173. 7:16reduce it a little. If you have 10
174. 7:18million won invested in this stock, in
175. 7:20my opinion, considering its value,
176. 7:21there is some risk involved, so I think
177. 7:23around 5 million or 3 million won would
178. 7:24be appropriate. "So, regarding the
179. 7:28weighting, the point is that it is
180. 7:30fundamentally incorrect. So, let's go
181. 7:33back to the topic. If you click on the
182. 7:36gear icon, some people calculate this
183. 7:39based on the number of shares. If you
184. 7:42check it by shares, it is displayed
185. 7:44like this. Right? The number of shares
186. 7:46is shown next to it. There are people
187. 7:49who buy 20 shares, 70 trillion, or 100
188. 7:49trillion, but that is also a bit wrong,
189. 7:50isn't it? If I invest 10 million won, I
190. 7:55can't even buy ten shares of Samsung
191. 7:56Electronics. Right? But I could
192. 7:57probably buy a lot of the 400-won or
193. 7:58300-won stocks, couldn't I? So,
194. 8:00expressing it as" juice "is also
195. 8:01incorrect. Now, let's go back in and
196. 8:03look at this screen one last time.
197. 8:06There is a surprising fact. Here, it
198. 8:09says" Quick Order Quantity Input Button
199. 8:12. "And regarding the unit of the amount
200. 8:15, it clearly states here that it is in
201. 8:17units of 10,000 won. Now, my fellow
202. 8:19deli family members, you must do
203. 8:22exactly what I am doing right now. In
204. 8:25the first box, enter 100. In the second
205. 8:28box, enter 200. And in the third box,
206. 8:31enter 500. You must enter the amounts
207. 8:34in the" Amount, Amount, Amount "section
208. 8:37below. I will zoom in for you. As you
209. 8:46can see here, the amount is in units of
210. 8:481 million won. If you entered 100, that
211. 8:50is 1 million won. Then 2 million won,
212. 8:52and 5 million won. If you look at the
213. 8:55bottom, it says" Confirm. "Please click
214. 8:58that" Confirm. "So, how is it displayed
215. 9:02here? Shall I show you? Okay, it is
216. 9:07displayed like this. Right now, the
217. 9:11amounts are marked as 1 million won, 2
218. 9:14million won, and 5 million won. So,
219. 9:17sometimes you might say something like
220. 9:20this. When I broadcast like this, you
221. 9:22ask," I invest in stocks with 100
222. 9:24million won, but how can I ever buy 100
223. 9:27million won worth of stocks by buying
224. 9:29in increments of 1 million, 2 million,
225. 9:31or 5 million won? "Yes. You might say,"
226. 9:35I invest with 50 million won, and I
227. 9:37need to buy exactly 20 or 30 million
228. 9:39won at a time, so how can I buy stocks
229. 9:40in increments of 1 million or 2 million
230. 9:42won? "But what I clearly want to tell
231. 9:46you is this: you are mistaken about
232. 9:48something. Regarding these 1 million, 2
233. 9:52million, and 5 million won...That is a
234. 9:54considerably large amount of money. So,
235. 9:57starting now, I will clearly explain
236. 10:02how you conduct your trading. That is
237. 10:06why I specifically asked the PD today.
238. 10:10I asked him to please allow me to give
239. 10:12this lecture. I apologize to everyone.
240. 10:15I have brought a deck of Hwatu cards. I
241. 10:17have brought a deck of Hwatu cards.
242. 10:18Please take a good look. Now, everyone.
243. 10:21Of course, our country has a rich
244. 10:23culture of games. There is the game of
245. 10:25Yun, seesaw, and Hwatu. However, within
246. 10:28Hwatu, cards like Minato, Gosu, and Top
247. 10:31are considered absolute undefeated.
248. 10:33Right? If you play with large sums of
249. 10:35money, it becomes gambling. On the
250. 10:36other hand, if you play it in a healthy
251. 10:38way, we just assume it is healthy. But
252. 10:39sometimes, we have things like that.
253. 10:42There is a game called Doli Jjitgu
254. 10:43Ttaeng. Now, since this is somewhat
255. 10:45close to the nature of gambling, that
256. 10:47is my personal opinion. In my personal
257. 10:50opinion, developed countries teach
258. 10:52things like" Pak Hara "to children even
259. 10:54during their school days. So I asked
260. 10:57why they teach it, and they said it is
261. 10:59to make the child aware of the dangers
262. 11:03and realize that it is a risky thing. I
263. 11:07saw my eldest child doing this too. One
264. 11:09day during the holidays, he said," Dad,
265. 11:11let me try this, "and he was playing
266. 11:12Gososeo quite well. So I asked," Where
267. 11:14did you learn this? "and he said he
268. 11:15learned it from his friends. If a child
269. 11:17learns from friends, they can go down
270. 11:19the wrong path. You know that saying:"
271. 11:21You should learn about drinking from an
272. 11:23adult. "So, even the art of playing
273. 11:24Goseo and Wolran Ppong must be learned
274. 11:26from an adult. That is why we must tell
275. 11:28them that they absolutely must not do
276. 11:29it. Now, let me take a look. Everyone,
277. 11:32100, 200, and 500 are not small amounts
278. 11:35of money. We have a card game called"
279. 11:37Dori Jikgu Ttaengi. "We each have
280. 11:40exactly five cards...You use three
281. 11:42cards to match a number between 10 and
282. 11:4520. After matching, the friend with the
283. 11:47higher last digit of the remaining two
284. 11:49cards wins the game. It is a win, you
285. 11:52see. Yes. But we say that is a"
286. 11:54Dori-jit-go-ddang. "As you play for a
287. 11:56while, if you start losing money, you
288. 11:58get angry and say," Hey, just deal two
289. 12:00cards each. "Many of you have done this
290. 12:01, right? At a funeral. Well, people
291. 12:03don't do that kind of thing at funerals
292. 12:04these days. So, let me explain what
293. 12:07those 100, 200, and 500 bid orders are.
294. 12:12When you first play the Jikgu-i Dori
295. 12:14Jikgu game, you register at the
296. 12:16beginning. In Hwatu terminology, this
297. 12:19is called" Let's go to school. "So, for
298. 12:22example, if there are six or seven
299. 12:24people there, you signal to them,
300. 12:25saying," I'm going to play too. "So,
301. 12:28they start betting 100 won each. I
302. 12:30absolutely never do that. I don't play
303. 12:32poker, either. I absolutely never do it
304. 12:34. Director Seong, however, the stakes
305. 12:36are exactly 100 won each. So, you know
306. 12:37who has entered and how many people
307. 12:39have entered, right? Then, the lead
308. 12:41player deals the cards. Right? So, for
309. 12:44example, if they deal two cards at a
310. 12:46time, please look closely. The person
311. 12:49who held the first two cards...let me
312. 12:53examine the hand. Everyone, the friend
313. 12:58who held the first set of cards...when
314. 13:00I examined the hand...Wow, what is this
315. 13:02? Right? This is a 3-Double. A 3-Double
316. 13:08. This has a value of a" Double "too.
317. 13:10Right. Now, this first friend thinks he
318. 13:14is sure to win. Everyone, if it's a 3-
319. 13:17Double, in fundamental analysis, this
320. 13:19stock is a blue-chip stock. Having a
321. 13:23hand that is absolutely impossible to
322. 13:25achieve means it is a good stock. We
323. 13:28call this a blue-chip stock in
324. 13:30corporate analysis. Right. Now, then,
325. 13:32the second one, right? The friend who
326. 13:36held the second set of cards...Okay,
327. 13:38how much does the first friend who hit
328. 13:40a 3 go? I mentioned 100, 200, and 500,
329. 13:44right? Then he'll go exactly to 100,
330. 13:45right? Right? He went for 1 million won
331. 13:48. Now, what is the hand of the second
332. 13:50friend? It's a" stick to the front. "
333. 13:53Right? So, this friend will tighten up
334. 13:56again. And what comes out when he
335. 13:58tightens up? A 9 and a 2 appear on the
336. 14:00back card. So, if you add them up, the
337. 14:02last digit is a single digit. Right?
338. 14:04Since it's a single digit, if we
339. 14:06compare this to a stock, we call this a
340. 14:08penny stock. Right? So, with this,
341. 14:11right? This friend should fold. I mean,
342. 14:14you shouldn't invest here. But the next
343. 14:18friend. If you look at the next friend,
344. 14:21well, since he has a 4 and a single
345. 14:23digit, it's a five, so he decides to
346. 14:25give it a try. Then it's a huge
347. 14:28multiplier. Okay, he went for 1 million
348. 14:30won. Then he goes for 2 million. Right?
349. 14:32He goes for 200. He goes for 200, and
350. 14:35then the last one. Yes, I understand.
351. 14:37The last one. Now, the friend who
352. 14:39played Jang looks at the hand. It's a
353. 14:41Jang-tteong. Then how does this friend
354. 14:43enter? He goes in double. Who will win?
355. 14:45Well, the story I want to tell you is
356. 14:48that kind of story. In the stock order
357. 14:50window, you place 100, 200, and 500.
358. 14:52When you first make a purchase, what is
359. 14:54the most important first condition? It
360. 14:57is setting a target price. You set the
361. 15:00first target price—that is, the point
362. 15:02where you need to buy, or realize a
363. 15:04profit, when the stock price rises. The
364. 15:08second most important thing, even more
365. 15:11important than the first, is setting a
366. 15:13stop-loss price. So, there are stocks
367. 15:16without a set stop-loss price, and
368. 15:18there are stocks with a set stop-loss
369. 15:20price. Then, you set the stop-loss
370. 15:23price, and that is how you buy. Suppose
371. 15:26I bought 1 million won worth of stock.
372. 15:28As I mentioned, the stock price...I
373. 15:31mentioned 3714%. It is 3%, 7%, and 14%.
374. 15:35You should stick to a stop-loss when
375. 15:38the price moves below 3%, and if you
376. 15:40buy 1 million won and the stock price
377. 15:42rises slightly again, you buy another 1
378. 15:45million won. Understood? So, let's say
379. 15:49you bought 1 million won, and then the
380. 15:50stock hits the upper limit while you
381. 15:52are trading with 10 million won. Then
382. 15:55you might say to me," But I'm trading
383. 15:57with 10 million won, and it hit the
384. 15:59upper limit today. You told me to buy 1
385. 16:02million won, so I only made a profit of
386. 16:04150,000 won. If I had bought 10 million
387. 16:07won while trading alone, wouldn't I
388. 16:08have earned 1.5 million won? "You might
389. 16:10say that. Then, let me ask you this in
390. 16:12reverse. If the stock price had instead
391. 16:15fallen to the lower limit, you would
392. 16:17have lost 1.5 million won instead of
393. 16:20150,000 won, right? However, people
394. 16:22always take credit when things go well,
395. 16:23but blame others when things go wrong.
396. 16:25But the most important thing is this:
397. 16:27you buy 1 million won worth. And then
398. 16:29you buy another 1 million. And then you
399. 16:32buy another 1 million won. Got it? Buy
400. 16:35like that. However, the stock price
401. 16:37absolutely never goes that way. Dear
402. 16:39members of the Delhi family, when I
403. 16:41make a purchase, first of all, there
404. 16:43are the fees. You start in the negative
405. 16:45. And if you buy and stick to your
406. 16:48stop-loss price, and the stock price
407. 16:49drops by 1%or 2%below that, then you
408. 16:51don't buy 1 million won; instead, as
409. 16:56indicated in the order book right now,
410. 16:58you buy 2 million won. Right? Then it
411. 17:00becomes 3 million. We call that a"
412. 17:02watering down. "And you bought 2
413. 17:04million won. But the stock price drops
414. 17:06a bit more. If it keeps falling, then
415. 17:09you buy another 4 million or 5 million
416. 17:12won. Then, if the stock price moves out
417. 17:16of the 3%range and rises to 7%, then...
418. 17:19I told you, everyone. Granby's Law. Now
419. 17:23, the second rise. If the percentage
420. 17:27increases by 7%or less during the first
421. 17:29and second rises, you are to exit. Out
422. 17:33of the three rising phases—Phase 1,
423. 17:35Phase 2, and Phase 3—you must
424. 17:37definitely exit during Phase 2.
425. 17:39Understood? So, if there is still some
426. 17:43lingering interest, you can leave a
427. 17:45small portion and take profits during
428. 17:47the final upward wave. However, it is
429. 17:52correct for you to sell during the
430. 17:54second phase of the rise. When it is
431. 17:58going up, if you just bought and it
432. 18:00suddenly spikes to the 7%upper limit,
433. 18:02it is an absolute do-or-die situation.
434. 18:04Understood? It needs to rise in stages,
435. 18:09like 3%, 7%, and 14%. I would like to
436. 18:12take this opportunity to emphasize that
437. 18:15if it goes up too much, that is
438. 18:16absolutely not the right move. So,
439. 18:18let's just take a moment. You buy 100,
440. 18:21200, 500, and then draw the rest. If
441. 18:24you buy 500, 200, and 100, that makes
442. 18:26800, right? It happens in no time. 10
443. 18:28million won is just a moment. If you
444. 18:31buy for about 3 or 4 days, a week, or 5
445. 18:33days, you can easily buy 20 or 30
446. 18:34million won. So, the point is that you
447. 18:38need to find stocks that you can trust
448. 18:40and invest in with a 90%probability of
449. 18:42success based on solid company or
450. 18:45technical analysis. That is what I
451. 18:47would call a bottom-level blue-chip
452. 18:49stock. Now, as we go along together, I
453. 18:53will demonstrate and show you such
454. 18:54stocks firsthand. Okay, then, please go
455. 18:58back into the order book. Got it? I
456. 19:01want you to clearly set the values to
457. 19:05100, 200, and 500 like this. So, 2
458. 19:08million won, 2 million won, and 1
459. 19:09million won...18 trillion won, 2
460. 19:11million won, and 5 million won. Now,
461. 19:13let's look at another stock. Here, the
462. 19:14cheap stocks...right? For cheap stocks,
463. 19:17a 2,000 won stock might be 400 shares,
464. 19:18and a 2 million won stock might be 800
465. 19:20shares, and so on. Understood? Now, but
466. 19:22the most important thing is...as I'm
467. 19:24telling you again, the saying that"
468. 19:26stocks are speculation "...Now, what we
469. 19:29need to set up below is this '2'. Let's
470. 19:32click on '2'. Now, what kind of window
471. 19:35appears when you click it? If you look
472. 19:38here, it says" Trading Trends by
473. 19:40Investor. "However, there is something
474. 19:42you are mistaken about. When we talk
475. 19:45about investment entities, we say"
476. 19:47individuals, foreigners, and
477. 19:49institutions. "But you are mistaken,
478. 19:52aren't you? Originally, there are five
479. 19:55types of investment entities. However,
480. 19:57on broadcasts, they refer to investment
481. 19:59entities as only three: individuals,
482. 20:01foreigners, and institutions. But that
483. 20:03is not correct. If you look on the
484. 20:05right, there is" Other Corporations. "
485. 20:07Sometimes, if you look at the trading
486. 20:09trends by investor right now...Looking
487. 20:11at today, there are cases where
488. 20:12individuals, foreign investors, and
489. 20:13institutions are all buying. Then, if
490. 20:15you look at the far right, it shows
491. 20:17that" other corporations "were selling.
492. 20:20Conversely, today individuals, foreign
493. 20:22investors, and institutions all sold.
494. 20:24So, who bought it? Right? You might get
495. 20:26a little confused here. That is because
496. 20:29it is" other corporations, "but the
497. 20:31reason I say" five places "is this: If
498. 20:33you look at the right side, there are
499. 20:35two arrows. Right? There are two arrows
500. 20:37, and I will click the rightmost one.
501. 20:40Click. After clicking, at the very top,
502. 20:43there is" Investors by Stock. "If you
503. 20:49click on" Investors by Stock, "for
504. 20:52example, regarding Stock A, it shows
505. 20:54the trading trends by investor type.
506. 20:57There are Individuals, Foreign
507. 20:58Investors, and Institutions. Then there
508. 21:00are" Other Corporations "and" Domestic
509. 21:02Foreign Investors. "So, you don't
510. 21:04really need to know this much. First,
511. 21:06the most important thing is that we are
512. 21:09going to click the top to zoom out the
513. 21:11chart. If you look over here, on the
514. 21:13left, it says this. It consists of
515. 21:15KOSPI, KOSDAQ futures, call options,
516. 21:17put options, STAR stocks, and stock
517. 21:19futures. This is the sequence you go
518. 21:21through when you enter the stock market
519. 21:23. You initially enter the KOSPI market
520. 21:26and trade blue-chip stocks, but you
521. 21:28fail to make a profit. Then, to recover
522. 21:30, you move on to the KOSDAQ market.
523. 21:33After losing money in the KOSDAQ market
524. 21:35, you move on to futures, call options,
525. 21:36and put options. Then, you move on to
526. 21:38STAR stocks and stock futures, and
527. 21:40eventually...there is a saying, isn't
528. 21:41there? That this is the final, desolate
529. 21:43path of the stock market. People say
530. 21:44that. Because you don't even know the
531. 21:47first thing about stocks, you must
532. 21:49absolutely understand that you must
533. 21:52never touch futures, put options, or
534. 21:55other options. So, regardless, I
535. 21:57strictly stick to the KOSPI. Since the
536. 21:59KOSPI is important to me, I only trade
537. 22:01on the KOSPI. So, I put this in the
538. 22:04section below, right? I mentioned that
539. 22:06I just sit there quietly, didn't I? I
540. 22:09told you that this is the content that
541. 22:12goes into the first main screen of the
542. 22:14two HTS screens, but this is the most
543. 22:17important thing. You must understand it
544. 22:20well. Everyone, I apologize for the way
545. 22:22it says" Individual, Foreign, and
546. 22:24Institutional. "I mean" Institutional "
547. 22:26and" Academic. "" Institutional "is
548. 22:28actually" Yeo. "My tongue is short, so
549. 22:30I can't pronounce it well. It should be
550. 22:33" Institutional Gae. "Please don't
551. 22:34misunderstand if I say" Institutional
552. 22:36Gae "because of my pronunciation issues
553. 22:37. Now, I believe you all need to know
554. 22:41who the institutions are. So, I have
555. 22:45prepared a screen. Yes, I have prepared
556. 22:48a picture screen. Let's take a look.
557. 22:52Okay, I have a screen prepared with
558. 22:54some information on the subject. Let's
559. 22:56go into the screen and take a look. It
560. 22:59was the 26th, right? On the afternoon
561. 23:02of the 26th, at the Financial Services
562. 23:04Commission's announcement of stock
563. 23:06market development plans at the Seoul
564. 23:08Central Press Center, Director General
565. 23:10Lee Yeon-cheol of the Capital Markets
566. 23:12Bureau gave a briefing. The content is
567. 23:14as follows: The government [announced]
568. 23:16measures to revitalize the securities
569. 23:17market. I will read the content out for
570. 23:24you. However, if you do not understand
571. 23:26what this content is about, you
572. 23:27shouldn't be investing in stocks.
573. 23:29Understood? Okay, let's take a look.
574. 23:30Measures to revitalize the stock market
575. 23:31have been established. The emphasis was
576. 23:33placed on strengthening the role of
577. 23:34institutional investors. Next,
578. 23:35regarding banks and the Post Office, I
579. 23:37am referring to the Postal Service
580. 23:39Headquarters. They are expanding the
581. 23:41scope of stock investment. They are
582. 23:42also establishing investment
583. 23:43restrictions for private and joint
584. 23:44pension funds, lifting the 10%rule for
585. 23:46public funds managed by asset managers,
586. 23:47and addressing the upper limit for
587. 23:48KOSPI and KOSDAQ. You know what I
588. 23:49mentioned in a previous lecture? Yes.
589. 23:52It is about raising the plus and minus
590. 23:54limits by 30%. Please pay close
591. 23:55attention. I will explain each point
592. 23:57one by one. This is one of the most
593. 23:59important lectures today. So, what is
594. 24:00the government aiming for? It is not a
595. 24:02stimulus package. In my view, it seems
596. 24:03like a stimulus package, but it is for
597. 24:05revitalization. To revitalize the
598. 24:07securities market, I mentioned
599. 24:09securities, right? I said there
600. 24:11wouldn't be two types, right? Monetary
601. 24:12securities (CP). Now, and capital
602. 24:14securities, which I said would be
603. 24:16divided into...Capital Condition Stocks
604. 24:17. They announced that they have decided
605. 24:19to increase the limit on securities
606. 24:20investment by banks to 100%. Then, what
607. 24:23is important is the percentage set
608. 24:25previously. Previously, the investment
609. 24:27limit for securities for banks was 60%.
610. 24:30That is why we use the term" proportion
611. 24:32"here. The plan is to expand it from 60
612. 24:35%to 100%. However, these banks and
613. 24:39institutions do not even fully utilize
614. 24:41the limits set by the current
615. 24:42government. Furthermore, if we look at
616. 24:48the proportion of domestic stock
617. 24:50holdings, foreigners hold 33%, while
618. 24:52institutions hold only about 16%. Also,
619. 24:54even when looking at daily trading
620. 24:56volumes, foreigners account for a
621. 24:57significantly large share. Therefore,
622. 24:59it seems likely that these measures to
623. 25:01stimulate the market were introduced
624. 25:02for that reason. If foreign investors
625. 25:04were to withdraw drastically due to
626. 25:05global economic downturns or negative
627. 25:07domestic factors, the stock market
628. 25:08would become highly volatile and stock
629. 25:10prices could fall sharply. Is this
630. 25:17measure intended to protect individual
631. 25:19investors from such a decline? Anyway,
632. 25:22it seems like the point is to stabilize
633. 25:24the market by utilizing certain
634. 25:26institutions. And they are talking
635. 25:28about the Joint Pension Fund Investment
636. 25:30Pool Operating Committee of the
637. 25:31Securities and Finance Corporations.
638. 25:32They plan to establish that and
639. 25:34encourage stock investment by the
640. 25:35private university pension funds and
641. 25:36small and medium-sized pension funds
642. 25:38that you are familiar with. However,
643. 25:41based on my understanding, I believe
644. 25:43these individuals do not actually
645. 25:46invest in stocks. What is even more
646. 25:49interesting is the" Korean Dow Jones
647. 25:51Index, K-Top 30. "Not K-Pop, but KTP (
648. 25:54K-Top 30). So, they suggested creating
649. 25:58a Korean version of the Dow Jones Index
650. 26:00by identifying 30 stocks—whether on
651. 26:02the KOSPI or KOSDAQ—that demonstrate
652. 26:05superior market capitalization, revenue
653. 26:07, price, and trading volume. When I
654. 26:11asked why, they explained that
655. 26:12currently, the domestic stock market
656. 26:14already has the Composite Stock Price
657. 26:16Index. Then there is the KOSDAQ and
658. 26:18KOSPI 200. However, there have been
659. 26:20criticisms that they have limitations
660. 26:21in representing the domestic economy,
661. 26:23domestic industries, or the domestic
662. 26:25stock market. That is why he stated
663. 26:27that they are creating this. He also
664. 26:30mentioned plans to allow futures and
665. 26:31options for individual KOSDAQ stocks.
666. 26:33So, please don't be too surprised,
667. 26:35everyone. There is only one month left
668. 26:37next year. Starting next year, the
669. 26:38stock market will move three points
670. 26:40just by the time you close your eyes. I
671. 26:41will make sure to tell you this right
672. 26:42here. But this isn't for the benefit of
673. 26:45individual investors, is it? In the
674. 26:47case of Japan, stock prices doubled due
675. 26:50to Abenomics. Right? They rose twofold.
676. 26:54If we look at the US market—
677. 26:55specifically the SP1 500 or the Dow
678. 26:57Jones Index—every time we hear news
679. 26:59about record-breaking highs, I feel
680. 27:01like I’m going to vomit. Such stories
681. 27:04make me so angry. So, when we look at
682. 27:06the US market and then our own market,
683. 27:08ours is just pathetic. Because it
684. 27:09doesn't move at all, there are many
685. 27:11times when it is very difficult.
686. 27:12However, here is what you are currently
687. 27:14misunderstanding. You look at the Dow
688. 27:17Jones Index. That New York index, the
689. 27:20Dow, is also composed of 30 stocks. It
690. 27:22is an index created by gathering 30
691. 27:25representative stocks from each sector.
692. 27:28But the Dow Jones Index has absolutely
693. 27:29no relation to Korea's KOSPI Index. Now
694. 27:31, Samsung Electronics belongs to the
695. 27:32technology sector. Therefore, since it
696. 27:35is influenced by the US NASDAQ
697. 27:36technology market, you can understand
698. 27:38that our index moves in accordance with
699. 27:41the NASDAQ Index. However, people
700. 27:43sometimes ask me this:" Mr. President,
701. 27:45doesn't the NASDAQ Index affect the
702. 27:46KOSDAQ? The US market has absolutely no
703. 27:48influence on the KOSDAQ. "So please do
704. 27:50not be mistaken. The KOSDAQ is
705. 27:52influenced by the KOSPI. I am stating
706. 27:54right here that it has absolutely no
707. 27:55connection to the US market. Now,
708. 27:57regarding the expansion of the stock
709. 27:59investment limit for banks and the
710. 28:02Korea Post that you saw earlier—the
711. 28:04Korea Post Corporation refers to post
712. 28:07offices—a plan is being pushed
713. 28:09forward to raise the stock investment
714. 28:11limit for post offices from 10%to 20%of
715. 28:14deposit funds. Will depositors at post
716. 28:17offices be shocked?" They're investing
717. 28:20my money in stocks? No way. I don't
718. 28:22usually invest in stocks. "However, if
719. 28:24the limit is raised to 20%, the amount
720. 28:26invested in stocks is expected to
721. 28:27increase by about 6 trillion won, but
722. 28:29don't worry. If something goes wrong
723. 28:31with the post office, the government
724. 28:32will compensate you. Also, having
725. 28:35observed for about 20 or 30 years—
726. 28:37whether it's institutions or the Korea
727. 28:39Post Corporation—I have never seen
728. 28:41anyone lose money in this sector. Yes.
729. 28:44If there are any statistics to support
730. 28:46this, please bring them to me so I can
731. 28:47take a look. With stocks, it seems only
732. 28:49individual investors lose. You saw that
733. 28:51institutions, or foreign investors,
734. 28:52lost money. Okay, and regarding the
735. 28:54relaxation of the 10%rule for public
736. 28:55service funds managed by asset
737. 28:57management companies mentioned below,
738. 28:58let me explain it simply. Measures have
739. 29:00been prepared to increase stock
740. 29:01investments in public service funds. To
741. 29:06put it simply, currently, a fund could
742. 29:08only allocate up to 10%of its assets to
743. 29:10Samsung Electronics stock. However,
744. 29:12with the introduction of diversified
745. 29:14funds, they will be able to purchase up
746. 29:16to 25%of their assets. Finally, you
747. 29:19mentioned" listed companies. "As far as
748. 29:22I know, they said they would raise the
749. 29:24price limit to 30%starting next year
750. 29:26for the KOSPI market, and then do the
751. 29:29same for the KOSDAQ. Since Director Lee
752. 29:32Hyun-cheol clearly mentioned" listed
753. 29:34companies "when speaking on that day, I
754. 29:37understand that the upper and lower
755. 29:39limits for both KOSPI and KOSDAQ will
756. 29:41be expanded to 30%simultaneously next
757. 29:44year. And personally, I think that
758. 29:46depending on the future, they will
759. 29:48likely abolish all price limits. The
760. 29:51content also states that they have
761. 29:53decided to raise the price limits for
762. 29:55individual stock futures and options.
763. 29:57Okay, let's move on to the next screen
764. 29:59to summarize. Shall we go to the next
765. 30:01screen? So, regarding the data on the
766. 30:04next screen...uh, this data was
767. 30:06released by the Financial Services
768. 30:09Commission. If we look at the chart in
769. 30:12this data, it is a screen titled" Basic
770. 30:14Direction of Stock Market Development,
771. 30:16"so let's take a close look. Let's read
772. 30:19from the bottom. This market is in a
773. 30:21state of external structural stagnation
774. 30:23and low confidence; in other words,
775. 30:25both demand and supply are sluggish.
776. 30:27Furthermore, the infrastructure and
777. 30:28regulations are rigid. Therefore, we
778. 30:30are pushing for structural improvements
779. 30:31in the market. The intention is to
780. 30:33restore confidence by strengthening the
781. 30:35role of institutional investors,
782. 30:36expanding investment products, and
783. 30:37relaxing infrastructure and regulations
784. 30:39. That is the meaning behind this
785. 30:41presentation. Okay, let's go to the
786. 30:43next screen. When we go to the next
787. 30:46screen, there is something you need to
788. 30:47know. If I look at the trading trends
789. 30:50by investor type, the main players are
790. 30:52individuals, foreign investors, and
791. 30:53institutions. Then there are other
792. 30:55corporations and domestic and foreign
793. 30:57investors. Now, let's look at the next
794. 30:59screen. What we absolutely must
795. 31:01remember here is this part. This part.
796. 31:04What does it say? I will read the
797. 31:06section at the bottom. Regarding the
798. 31:07Korea Exchange's method of classifying
799. 31:09certain investors. It was in 2012. The
800. 31:12changes took effect on July 16, 2012.
801. 31:13Therefore, the services provided by
802. 31:15each securities firm are as follows
803. 31:17regarding the updated details. So,"
804. 31:18spot "refers to stocks. Since the
805. 31:21investor classification criteria for
806. 31:22the spot market and the derivatives
807. 31:24market differ, it means they are
808. 31:25different. Right? Please be careful
809. 31:27when making investment decisions.
810. 31:29However, regarding how it is structured
811. 31:30: State and local governments have been
812. 31:32included within the scope of
813. 31:33institutional investors, and
814. 31:34comprehensive finance (Jonggeum) has
815. 31:35been reclassified as" other. "It states
816. 31:37that this applies to the securities or
817. 31:38derivatives markets, but do you, the
818. 31:40Deli family watching this broadcast,
819. 31:42understand this? You probably don't.
820. 31:45Securities and futures have been
821. 31:46reclassified as" financial investment
822. 31:47business operators. "The relevant items
823. 31:48have been consolidated from the
824. 31:49securities market, pension funds, state
825. 31:50and local governments, into" pension
826. 31:51funds. "This applies to the derivatives
827. 31:54market. Let's move on to the next
828. 31:55screen. To help you understand this
829. 31:57more easily, I have created another
830. 31:59screen. So, please don't worry about
831. 32:01the derivatives market at the bottom.
832. 32:04If you look at the top...Since it has
833. 32:06become the securities market, if we
834. 32:07divide the securities market in half,
835. 32:09the far left is before the change, and
836. 32:11the right is after the change. So,
837. 32:14looking at the institutions, Securities
838. 32:16&Futures has changed to Financial
839. 32:17Investment. Insurance remains Insurance
840. 32:19, Investment Trusts remain Investment
841. 32:21Trusts, and Banks remain Banks. However
842. 32:23, Comprehensive Finance and Savings
843. 32:26Banks have been changed to Others. And
844. 32:29Pension Funds have become Pension Funds
845. 32:31. But here, what we need to remember is
846. 32:35what the State and Local changed to
847. 32:37this time in July 2012? It is that they
848. 32:40entered the Institution category. They
849. 32:42entered as Institutions. Now, Other
850. 32:44Corporations seem to remain Other
851. 32:46Corporations. In the derivatives market
852. 32:47, regarding State and Local, it has
853. 32:49entered Pension Funds. I do not deal in
854. 32:51derivatives, everyone. So, I have
855. 32:53created another screen by further
856. 32:55subdividing the size of the display.
857. 32:58Since you are flipping through all the
858. 33:00screens. So, it is like this. So, what
859. 33:02I want to say is, Director, what is
860. 33:04Financial Investment? Then, Financial
861. 33:06Investment refers to the proprietary
862. 33:08assets of a securities, futures, and
863. 33:10investment advisory firm. Now, what is"
864. 33:12Tusi "? It is an abbreviation for"
865. 33:13Investment Trust. "It refers to
866. 33:15investment advisory firms. Director,
867. 33:16who are the third category," Other
868. 33:18Finance "? Then it is Jonggeum and
869. 33:19Singeum. Look closely at the side. It
870. 33:22refers to financial institutions among"
871. 33:24Other Corporations. "You can see the
872. 33:26number 1 marked. And as for Pension
873. 33:28Funds, it is simply" Pension Funds. "
874. 33:31Looking at" Other Corporations, "the
875. 33:33number 3 is written for the remaining
876. 33:35categories excluding government-run
877. 33:37institutions and public institutions.
878. 33:40Finally, looking at" State, "it lists
879. 33:42the State, local governments, and
880. 33:43international organizations. What does
881. 33:45it say? It states that public
882. 33:46institutions among" Other Corporations
883. 33:48"are referred to as the State. However,
884. 33:50looking at this, whether it is
885. 33:51financial investment, investment trust,
886. 33:52or other finance, there are categories
887. 33:54for pension funds, other corporations,
888. 33:55and state institutions. We say that the
889. 33:57sum of financial investment, insurance,
890. 33:58investment trust, private equity, banks
891. 34:00, other finance, pension funds, the
892. 34:01State, and local governments is called
893. 34:03the" Institutional Group, "but you do
894. 34:04not understand this. We need to
895. 34:06understand exactly how these
896. 34:08institutions are classified, one by one
897. 34:10, through further subdivision. Shall we
898. 34:12move on? This is the first diagram.
899. 34:15Looking at the first diagram, it is"
900. 34:17Other Government-run. "Looking at the"
901. 34:19Other Corporations "section, who
902. 34:20exactly are the financial institutions
903. 34:22among these other corporations? They
904. 34:24are securities investment companies,
905. 34:26fund brokerage companies, and financial
906. 34:28support companies—you’ve probably
907. 34:30heard of them, right? Nak-Ka-San. Now,
908. 34:32there are what are called specialized
909. 34:33lending and financial support companies
910. 34:34. Lending refers to companies
911. 34:35specializing in providing loans. That
912. 34:37is why I mentioned deposits and loans.
913. 34:39Deposits involve receiving deposits,
914. 34:41while lending refers to companies
915. 34:42specializing solely in providing loans.
916. 34:45Then there are the three types of
917. 34:45cooperatives. And credit cooperatives.
918. 34:48Uh, you remember the May 8 Measures
919. 34:49during President Park Chung-hee's era,
920. 34:50right? Yes. It is a credit cooperative.
921. 34:52It is listed as the Central Forestry
922. 34:54Cooperative, and under parentheses, it
923. 34:56says" Capital Market Act Enforcement
924. 34:57Decree SS. "This means it is a
925. 34:59paragraph. Yes. Now, this is Latin, and
926. 35:01among the financial support
927. 35:02institutions, it says" Banks, Insurance
928. 35:04, Financial Support, Financial Support,
929. 35:06Investors, Foreign. "Now, let's look at
930. 35:07the next screen. What we must remember
931. 35:10here is that you need to carefully
932. 35:12identify who the subjects of these
933. 35:13institutions actually are. Looking at
934. 35:19the category of" other state
935. 35:21corporations, "the first public
936. 35:22institution is the Bank of Korea. These
937. 35:25are the institutions. There is also the
938. 35:27Korea Deposit Insurance Corporation,
939. 35:29which is a resolution and financing
940. 35:30agency. Additionally, there are the
941. 35:32Korea Asset Management Corporation, the
942. 35:34Korea Housing Finance Corporation, and
943. 35:36the Korea Investment Corporation. There
944. 35:38is also the Korea Deposit Insurance
945. 35:39Corporation. When you trade, money
946. 35:41comes into your account within two days
947. 35:42, right? That is the work these people
948. 35:44do. And the Korea Exchange. It is where
949. 35:47listing reviews are conducted, isn't it
950. 35:49? The Korea Exchange is also an
951. 35:50institution. Next is the Financial
952. 35:52Supervisory Service. As the name
953. 35:54suggests, it is an internal supervisory
954. 35:55body. It is also included in the
955. 35:57category of institutions. Below, under
956. 35:59the Enforcement Decree of the Capital
957. 36:01Market Act, it states" institutions
958. 36:02with a public interest nature among
959. 36:04professional investors. "So, you are
960. 36:06indeed trading stocks with these
961. 36:08entities. Institutions. Now, if you
962. 36:12look at the final screen, we move on to
963. 36:15" other corporations. "Excluding
964. 36:18financial institutions and public
965. 36:20institutions, who are the remaining
966. 36:22institutions? I will put it simply.
967. 36:24They say there are no private loans. Ah
968. 36:26, Director, how can you say that? It is
969. 36:28listed as a" lending business
970. 36:30corporation "and a" lending brokerage
971. 36:32company. "In addition to these, there
972. 36:34are specialized securitization
973. 36:36companies, SME startup investment firms
974. 36:37, and housing bond securitization
975. 36:38companies. There are quite a lot of
976. 36:39these types of companies, aren't there?
977. 36:40Also, regarding the regional units,
978. 36:41they are listed as Nonghyup, Suhyup,
979. 36:42and Chukhyup. However, the central
980. 36:44federations of Nonghyup, Suhyup, and
981. 36:45Chukhyup are different from unit
982. 36:47agricultural cooperatives. Unit
983. 36:51agricultural cooperatives are not part
984. 36:52of the first tier of the financial
985. 36:54sector. That is why we refer to them as
986. 36:55" special banks "at the central level.
987. 36:57They are banks managed by the
988. 36:59government. I want to emphasize that
989. 37:01you must absolutely not confuse them.
990. 37:03Shall we summarize again? First,
991. 37:06regarding" other corporations, "I would
992. 37:08like to say that they are simply
993. 37:09lending business corporations, lending
994. 37:11brokerage companies, or unit
995. 37:13agricultural cooperatives. In
996. 37:16particular, if we look closely at the
997. 37:17government side, the Bank of Korea, the
998. 37:19Korea Exchange Bank, the Korea
999. 37:21Financial Supervisory Service, and the
1000. 37:22Korea Deposit Insurance Corporation are
1001. 37:24the entities you are familiar with as
1002. 37:26corporations, institutions, or agencies
1003. 37:27. Now that the national and local
1004. 37:31sectors have been incorporated into the
1005. 37:33institutional sector, if buying
1006. 37:34pressure from institutions comes in,
1007. 37:36since you don't know exactly which
1008. 37:38entity is behind it, you will need to
1009. 37:39pay considerable attention to the
1010. 37:41national sector going forward. So, when
1011. 37:45I watch broadcasts sometimes, I hear
1012. 37:47comments like this:" Okay, there is a
1013. 37:48steady buying trend from foreign and
1014. 37:49institutional investors. Now, the stock
1015. 37:51price has risen significantly from the
1016. 37:52bottom due to institutional buying. "
1017. 38:01There is someone who recommended a
1018. 38:02stock, saying," The stock price has
1019. 38:04risen a lot from the bottom level due
1020. 38:05to institutional buying. "You shouldn't
1021. 38:07recommend that. If we assume that
1022. 38:08institutions intervened and
1023. 38:09consistently bought for about 10 to 15
1024. 38:09days, causing the stock price to rise,
1025. 38:10you shouldn't buy it then. Since there
1026. 38:16is a pullback, even if you buy at that
1027. 38:17time, a break must occur, right?
1028. 38:18Whether it is foreign investors or
1029. 38:19individual investors. Now, what I
1030. 38:25always tell you is that when you trade,
1031. 38:28the candlesticks must be small. You
1032. 38:31must start with a single candlestick.
1033. 38:35If you buy at that spot and
1034. 38:37institutions intervene when the stock
1035. 38:40price rises by more than 3%, you should
1036. 38:42simply think," Thank you. "However, if
1037. 38:47you are following the buying trend of
1038. 38:50institutions but they suddenly switch
1039. 38:53to selling, you should naturally
1040. 38:55respond by selling as well. So,
1041. 39:00regarding stocks that have been
1042. 39:01consistently bought by either investors
1043. 39:03or institutions—when looking at this
1044. 39:05from a short-term perspective—if the
1045. 39:07price has moved in tandem with the
1046. 39:09chart, you should not buy that one but
1047. 39:11aim for the next one. However, if the
1048. 39:17stock price isn't moving—neither
1049. 39:19rising nor falling—and is in a
1050. 39:21sideways phase, which we call a" box
1051. 39:23phase, "and single candlesticks are
1052. 39:25forming, and institutions are showing
1053. 39:27accumulation and buying steadily, then
1054. 39:29you should join in. Invest 1 million
1055. 39:32won, if it drops, invest 2 million, if
1056. 39:34it drops, invest 5 million—keep
1057. 39:36accumulating. Right? For a stock that
1058. 39:39works out that way, if the percentage
1059. 39:41exceeds 3%during a turnaround...First,
1060. 39:43you should watch for about three days.
1061. 39:47If today is Tuesday, you watch until
1062. 39:49Thursday. Then, if it started on
1063. 39:51Wednesday, you watch until Friday. Got
1064. 39:53it? So, it's Monday, Tuesday, Wednesday
1065. 39:55, Thursday, and Friday. Now, the
1066. 39:56important thing is to remember that
1067. 39:59there are four candles. Bull-bullish,
1068. 40:01bull-bear-bullish, bull-bear-bullish.
1069. 40:03In other words, when the stock price is
1070. 40:05rising, let's accept that there is a
1071. 40:07bullish candle at position 1, position
1072. 40:094, position 2, and position 3, with one
1073. 40:11bearish candle in between. So, I
1074. 40:13mentioned" if, "right? I assume you
1075. 40:16haven't forgotten that. You know, right
1076. 40:18? With that, let's move back to the HTS
1077. 40:22screen. So, the screen you are looking
1078. 40:26at right now is the main screen. Now,
1079. 40:28in the top left corner...what appears
1080. 40:31there? I mentioned the weekly chart.
1081. 40:34Then, in the bottom left corner...the
1082. 40:35monthly chart. Yes, I have minimized
1083. 40:38the chart and placed it like this, and
1084. 40:40I have placed the order book window
1085. 40:42like this. Okay, and I told you to
1086. 40:45purchase 24-inch and 22-inch monitors.
1087. 40:49The screen I am currently lecturing on
1088. 40:51is quite small because it is a laptop.
1089. 40:55Now, what will appear on the right side
1090. 40:58? Please set up the daily chart. Let me
1091. 41:02mention the order book again. Go into
1092. 41:05the transaction wheel here, and you
1093. 41:07must set it to a specific amount. 1
1094. 41:09million won, 2 million won, 5 million
1095. 41:11won. So, do it slowly, one by one, in
1096. 41:15increments of 1 million. Once you
1097. 41:19become proficient and feel that you
1098. 41:21have established standards and
1099. 41:23principles for trading—compared to
1100. 41:24others—and that you are no longer
1101. 41:26being treated like a big player, then
1102. 41:28you can adjust and raise your amounts.
1103. 41:30Right? You can set it to 2 million, 4
1104. 41:33million, or even 10 million this time.
1105. 41:36So, when you first start trading stocks
1106. 41:38, make sure to set it to 1 million, 2
1107. 41:40million, or 5 million won. I hope you
1108. 41:42do not lose sight of specific stocks
1109. 41:43when it comes to investing 1 million
1110. 41:44won at a time. I earnestly ask for your
1111. 41:46understanding. And regarding the very
1112. 41:47bottom section...well, I have
1113. 41:48summarized it for you. Below that, you
1114. 41:50don't need to look at the entire KOSPI.
1115. 41:52During trading hours, please pay close
1116. 41:54attention to individual investors,
1117. 41:55foreign investors, institutional
1118. 41:56investors, and government-backed
1119. 41:58investors. As for the flows of other
1120. 41:59corporations, in the current state when
1121. 42:01looking at the composite stock price
1122. 42:03index, I mentioned that there are four
1123. 42:05main entities. Since I stated that
1124. 42:07including other corporations makes it
1125. 42:09four, I hope you will make sure to
1126. 42:11remember the other corporations.
1127. 42:12Understood? I mentioned other
1128. 42:14corporations, right? You might feel a
1129. 42:16bit confused while looking at the
1130. 42:17screen right now. However, the stock
1131. 42:20market is a place where an unspecified
1132. 42:23number of people trade together, so it
1133. 42:25is unavoidable. Therefore, regarding
1134. 42:27the stock market revitalization
1135. 42:29measures I mentioned earlier, you might
1136. 42:31feel that the standing of individual
1137. 42:33investors is too small. So, this is
1138. 42:36just my personal opinion, but there is
1139. 42:38a transaction tax—a total of 3%—
1140. 42:40that we are charged when selling. So,
1141. 42:44it would be good to reduce this or
1142. 42:47abolish it until the stock market
1143. 42:49becomes active. However, since no tax
1144. 42:52revenue is currently being collected,
1145. 42:54that is probably difficult. Therefore,
1146. 42:56regarding individual investors, I
1147. 42:58strongly suggest that abolishing the
1148. 42:59transaction tax for the time being
1149. 43:00would help revitalize the stock market
1150. 43:05and boost stock prices. Also, regarding
1151. 43:09individual investors, there are some
1152. 43:10who trade stocks without really caring
1153. 43:12about the transaction tax or the tax
1154. 43:13itself. The transaction tax is levied
1155. 43:15when you sell. So, it feels good when
1156. 43:21you make a profit and pay it. Right?
1157. 43:22You make a profit, and you pay up to
1158. 43:240.3%—what is that? Right? Yes, right?
1159. 43:28Let's say supply and demand are at play
1160. 43:29, and I bought 100 million won worth of
1161. 43:30stock, and it's now worth 30 million
1162. 43:32won. If the transaction tax jumps on
1163. 43:33top of that, then I would like it to be
1164. 43:35done this way. There are two points.
1165. 43:37The first is...When you win stocks,
1166. 43:39take 0.3%. And regarding stocks—when
1167. 43:42an individual investor loses stocks,
1168. 43:44specifically when the selling price is
1169. 43:46lower than the purchase price—I would
1170. 43:49prefer that not happen. Right? In my
1171. 43:52opinion. Wouldn't that help revitalize
1172. 43:53the stock market? And I always say this
1173. 43:56. I have one great point to make: you
1174. 43:58need a mentor. Yes, a mentor. That is
1175. 44:01why I am hosting this broadcast today,
1176. 44:04marking its seventh episode, to offer
1177. 44:06you a little hope and act as a mentor.
1178. 44:10In fact, if you don't have an important
1179. 44:13mentor, in a stock market like this, I
1180. 44:16think it is like being wide awake with
1181. 44:18money in your hand, standing outside in
1182. 44:21a strong wind like today, pressing the
1183. 44:24money into your palm while watching it
1184. 44:26scatter away. Thank you. Okay. So, this
1185. 44:30is the main screen for now. And as for
1186. 44:33the second screen...well, as for the
1187. 44:36second screen, I will delete this one
1188. 44:38for now. Since this is the first main
1189. 44:42screen, it isn't necessary. Now, uh,
1190. 44:44there is likely one more auxiliary
1191. 44:46screen, right? There will be more
1192. 44:47auxiliary screens. So, regarding the
1193. 44:50order book, I mentioned" speculation. "
1194. 44:53If you click on it, the company
1195. 44:56analysis appears like this. I will
1196. 44:59remove this. You just need to drag the
1197. 45:01company analysis to the left side. You
1198. 45:04understand company analysis, right?
1199. 45:06Since I explained company analysis
1200. 45:08sufficiently in the last broadcast, if
1201. 45:11you look at it, the revenue and
1202. 45:13operating profit at the bottom—yes,
1203. 45:16revenue and operating profit, or BPS
1204. 45:19and PBR—are the most important, so I
1205. 45:22told you that we must pay close
1206. 45:24attention to these parts and remember
1207. 45:27them. But time is already up. Let me
1208. 45:29tell you just one thing. If you click
1209. 45:32on the right side at the top, there is"
1210. 45:34Independent Execution. "Independent
1211. 45:37Execution. So, today, uh, please open a
1212. 45:40chart and check the" Independent
1213. 45:42Execution "option. I want to emphasize
1214. 45:46that you must check the box,
1215. 45:48specifically the" Independent Execution
1216. 45:51"option, in order to be able to move
1217. 45:54your trades. Now, tomorrow, here at
1218. 45:56Delion, we will share some
1219. 45:57behind-the-scenes stories and follow-up
1220. 46:00details that we couldn't cover in
1221. 46:01today's broadcast. I will see you
1222. 46:04tomorrow at 8:40 at the Pungyu Club in
1223. 46:06Idaero. As for me, I will see you again
1224. 46:09next Monday at 8 PM. Have a good night
1225. 46:12and sweet dreams.