{"id":31428,"date":"2023-12-07T10:38:40","date_gmt":"2023-12-07T10:38:40","guid":{"rendered":"https:\/\/masterskills.org\/blog\/diem-thoat-lenh-exit-point-la-gi-cac-loai-lenh-thoat.html"},"modified":"2023-12-23T08:10:40","modified_gmt":"2023-12-23T01:10:40","slug":"diem-thoat-lenh-exit-point-la-gi-cac-loai-lenh-thoat","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/diem-thoat-lenh-exit-point-la-gi-cac-loai-lenh-thoat.html","title":{"rendered":"\u0110i\u1ec3m tho\u00e1t l\u1ec7nh (Exit Point) l\u00e0 g\u00ec? C\u00e1c lo\u1ea1i l\u1ec7nh tho\u00e1t"},"content":{"rendered":"
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Hi\u0300nh minh ho\u0323a. Ngu\u00f4\u0300n: Investopedia.com<\/i><\/p>\n<\/div>\n<\/div>\n

\u0110i\u1ec3m tho\u00e1t l\u1ec7nh<\/font><\/h2>\n

Kha\u0301i ni\u00ea\u0323m<\/b><\/p>\n

\u0110i\u1ec3m tho\u00e1t l\u1ec7nh <\/b>trong ti\u00ea\u0301ng Anh la\u0300 Exit Point<\/b>.<\/p>\n

\u0110i\u1ec3m tho\u00e1t l\u1ec7nh<\/b> l\u00e0 gi\u00e1 m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 ho\u1eb7c nh\u00e0 giao d\u1ecbch \u0111\u00f3ng m\u1ed9t v\u1ecb th\u1ebf. M\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng s\u1ebd b\u00e1n \u0111\u1ec3 tho\u00e1t kh\u1ecfi giao d\u1ecbch v\u00ec h\u1ecd \u0111ang mua t\u00e0i s\u1ea3n d\u00e0i h\u1ea1n. M\u1ed9t nh\u00e0 giao d\u1ecbch c\u00f3 th\u1ec3 b\u00e1n t\u1ea1i m\u1ed9t \u0111i\u1ec3m tho\u00e1t l\u1ec7nh, ho\u1eb7c mua \u0111\u1ec3 \u0111\u00f3ng v\u1ecb th\u1ebf n\u1ebfu ch\u00fang l\u00e0 v\u1ecb th\u1ebf b\u00e1n.<\/p>\n

\u0110i\u1ec3m tho\u00e1t l\u1ec7nh<\/b> c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh tr\u01b0\u1edbc d\u1ef1a tr\u00ean chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 ho\u1eb7c nh\u00e0 giao d\u1ecbch. \u0110i\u1ec3m tho\u00e1t l\u1ec7nh c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh d\u1ef1a tr\u00ean c\u00e1c \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng theo th\u1eddi gian th\u1ef1c ho\u1eb7c c\u00e1c y\u00eau c\u1ea7u b\u1ea3o hi\u1ec3m nh\u01b0 thanh l\u00ed m\u1ed9t s\u1ed1 kho\u1ea3n \u0111\u1ea7u t\u01b0 \u0111\u1ec3 thanh to\u00e1n h\u00f3a \u0111\u01a1n.<\/p>\n

Hi\u1ec3u h\u01a1n v\u1ec1 \u0110i\u1ec3m tho\u00e1t l\u1ec7nh\u00a0<\/font><\/h3>\n

M\u1ed9t \u0111i\u1ec3m tho\u00e1t l\u1ec7nh<\/b> th\u01b0\u1eddng \u0111\u00e3 \u0111\u01b0\u1ee3c l\u00ean k\u1ebf ho\u1ea1ch v\u00e0 sau \u0111\u00f3 l\u1ec7nh \u0111\u01b0\u1ee3c g\u1eedi \u0111i \u0111\u1ec3 b\u1eaft \u0111\u1ea7u tho\u00e1t. \u0110i\u1ec3m tho\u00e1t l\u1ec7nh c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn l\u00e3i ho\u1eb7c l\u1ed7, t\u00f9y thu\u1ed9c v\u00e0o gi\u00e1 sau khi giao d\u1ecbch.<\/p>\n

\u0110i\u1ec3m tho\u00e1t l\u1ec7nh c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 qu\u1ea3n l\u00ed r\u1ee7i ro thua l\u1ed7 c\u0169ng nh\u01b0 \u0111\u1eb7t m\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng s\u1eed d\u1ee5ng c\u00e1c l\u1ec7nh c\u00f3 \u0111i\u1ec1u ki\u1ec7n \u0111\u1ec3 \u0111\u1eb7t \u0111i\u1ec3m tho\u00e1t l\u1ec7nh.<\/p>\n

M\u1ed9t v\u00ed d\u1ee5 v\u1ec1 chi\u1ebfn l\u01b0\u1ee3c tho\u00e1t t\u00edch h\u1ee3p c\u00e1c \u0111i\u1ec3m tho\u00e1t l\u1ec7nh \u0111\u01b0\u1ee3c d\u1ef1 t\u00ednh tr\u01b0\u1edbc t\u1ea1i th\u1eddi \u0111i\u1ec3m \u0111\u1ea7u t\u01b0 ban \u0111\u1ea7u l\u00e0 l\u1ec7nh mua c\u00f3 khung. L\u1ec7nh mua c\u00f3 khung l\u00e0 m\u1ed9t l\u1ec7nh c\u00f3 \u0111i\u1ec1u ki\u1ec7n bao g\u1ed3m m\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn v\u00e0 \u0111i\u1ec3m d\u1eebng l\u1ed7<\/b>.<\/p>\n

Trong m\u1ed9t l\u1ec7nh mua c\u00f3 khung, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 mua m\u1ed9t ch\u1ee9ng kho\u00e1n sau \u0111\u00f3 \u0111\u1eb7t m\u1ed9t l\u1ec7nh m\u1ee5c ti\u00eau \u1edf m\u1ed9t m\u1ee9c gi\u00e1 x\u00e1c \u0111\u1ecbnh \u0111\u1ec3 kh\u00f3a l\u1ee3i nhu\u1eadn. \u0110i\u1ec3m d\u1eebng\u00a0l\u1ed7 \u0111\u01b0\u1ee3c \u0111\u1eb7t \u1edf m\u1ed9t m\u1ee9c gi\u00e1 x\u00e1c \u0111\u1ecbnh \u0111\u1ec3 h\u1ea1n ch\u1ebf r\u1ee7i ro trong tr\u01b0\u1eddng h\u1ee3p gi\u00e1 di chuy\u1ec3n theo h\u01b0\u1edbng ng\u01b0\u1ee3c l\u1ea1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 mong \u0111\u1ee3i. N\u1ebfu m\u1ed9t trong c\u00e1c \u0111\u01a1n h\u00e0ng \u0111\u00e3 th\u1ef1c hi\u1ec7n, l\u1ec7nh s\u1ebd \u0111\u01b0\u1ee3c h\u1ee7y v\u00ec v\u1ecb th\u1ebf hi\u1ec7n \u0111\u00e3 b\u1ecb \u0111\u00f3ng.<\/p>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 thay \u0111\u1ed5i gi\u00e1 c\u1ee7a l\u1ec7nh d\u1eebng\u00a0l\u1ed7 v\u00e0 l\u1ec7nh m\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn theo m\u1ee9c \u0111\u1ed9 ch\u1ea5p nh\u1eadn r\u1ee7i ro v\u00e0 k\u00ec v\u1ecdng c\u1ee7a h\u1ecd \u0111\u1ed1i v\u1edbi kho\u1ea3n \u0111\u1ea7u t\u01b0.<\/p>\n

Th\u00f4ng th\u01b0\u1eddng c\u00e1c l\u1ec7nh c\u00e0ng xa\u00a0\u0111i\u1ec3m v\u00e0o l\u1ec7nh, giao d\u1ecbch s\u1ebd c\u00e0ng d\u00e0i h\u1ea1n. N\u1ebfu m\u1ee5c ti\u00eau d\u1eebng\u00a0l\u1ed7 v\u00e0 l\u1ee3i nhu\u1eadn g\u1ea7n v\u1edbi \u0111i\u1ec3m v\u00e0o l\u1ec7nh, th\u00ec giao d\u1ecbch c\u00f3 th\u1ec3 s\u1ebd b\u1ecb \u0111\u00f3ng kh\u00e1 nhanh khi m\u1ed9t trong c\u00e1c l\u1ec7nh \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n.<\/p>\n

Khi m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1edf h\u1eefu m\u1ed9t ch\u1ee9ng kho\u00e1n, h\u1ecd c\u00f3 th\u1ec3 \u0111\u1eb7t c\u00e1c \u0111i\u1ec3m\u00a0tho\u00e1t l\u1ec7nh\u00a0c\u00f3 \u0111i\u1ec1u ki\u1ec7n b\u1ea5t c\u1ee9 l\u00fac n\u00e0o. C\u00e1c l\u1ec7nh m\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn s\u1ebd gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 tho\u00e1t ra v\u1edbi l\u1ee3i nhu\u1eadn theo k\u1ebf ho\u1ea1ch trong khi c\u00e1c l\u1ec7nh d\u1eebng\u00a0l\u1ed7 s\u1ebd gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1eb7t gi\u1edbi h\u1ea1n thua l\u1ed7.<\/p>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u0169ng c\u00f3 th\u1ec3 ch\u1ec9 c\u1ea7n s\u1eed d\u1ee5ng l\u1ec7nh th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 tho\u00e1t kh\u1ecfi v\u1ecb th\u1ebf c\u1ee7a h\u1ecd b\u1ea5t c\u1ee9 l\u00fac n\u00e0o. Ho\u1eb7c h\u1ecd c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng l\u1ec7nh d\u1eebng\u00a0l\u1ed7 k\u00e9o d\u00e0i \u0111\u1ec3 tham gia khi gi\u00e1 \u0111ang di chuy\u1ec3n theo h\u01b0\u1edbng c\u1ee7a h\u1ecd nh\u01b0ng \u0111\u01b0a h\u1ecd ra ngo\u00e0i khi gi\u00e1 b\u1eaft \u0111\u1ea7u di chuy\u1ec3n ng\u01b0\u1ee3c h\u01b0\u1edbng so v\u1edbi h\u1ecd mong \u0111\u1ee3i.<\/p>\n

Khi xem x\u00e9t m\u1ed9t \u0111i\u1ec3m\u00a0tho\u00e1t l\u1ec7nh t\u1eeb m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 li\u00ean quan \u0111\u1ebfn l\u00e3i v\u1ed1n, l\u1ee3i nhu\u1eadn s\u1ebd b\u1ecb \u0111\u00e1nh thu\u1ebf \u1edf m\u1ee9c thu\u1ebf su\u1ea5t c\u1ee7a thu\u1ebf v\u1ed1n ng\u1eafn h\u1ea1n ho\u1eb7c d\u00e0i h\u1ea1n.<\/p>\n

C\u00e1c lo\u1ea1i l\u1ec7nh \u0111i\u1ec3m tho\u00e1t\u00a0l\u1ec7nh<\/font><\/h3>\n

M\u1ed9t m\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn th\u01b0\u1eddng l\u00e0 m\u1ed9t l\u1ec7nh gi\u1edbi h\u1ea1n. N\u1ebfu nh\u00e0 \u0111\u1ea7u t\u01b0 mua m\u1ed9t t\u00e0i s\u1ea3n, h\u1ecd s\u1ebd \u0111\u1eb7t m\u1ed9t l\u1ec7nh gi\u1edbi h\u1ea1n tr\u00ean gi\u00e1 hi\u1ec7n t\u1ea1i. Khi gi\u00e1 \u0111\u1ea1t \u0111\u1ebfn m\u1ee9c \u0111\u00f3, \u0111\u01a1n h\u00e0ng c\u1ee7a h\u1ecd s\u1ebd \u1edf \u0111\u00f3 v\u00e0 s\u1eb5n s\u00e0ng \u0111\u1ec3 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n.<\/p>\n

L\u1ec7nh d\u1eebng\u00a0l\u1ed7 th\u01b0\u1eddng l\u00e0 l\u1ec7nh d\u1eebng th\u1ecb tr\u01b0\u1eddng<\/b>. N\u1ebfu m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 mua, m\u1ee9c d\u1eebng\u00a0l\u1ed7 s\u1ebd th\u1ea5p h\u01a1n gi\u00e1 v\u00e0o l\u1ec7nh c\u1ee7a h\u1ecd. L\u1ec7nh \u0111\u01b0\u1ee3c k\u00edch ho\u1ea1t ch\u1ec9 khi \u0111\u1ea1t \u0111\u01b0\u1ee3c gi\u00e1 d\u1eebng. Khi \u0111\u00f3, m\u1ed9t l\u1ec7nh th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c g\u1eedi \u0111i \u0111\u1ec3 b\u00e1n t\u00e0i s\u1ea3n theo gi\u00e1 th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i.<\/p>\n

L\u1ec7nh c\u00f3 th\u1ec3 c\u00f3 c\u00e1c tham s\u1ed1 b\u1ed5 sung \u0111\u01b0\u1ee3c \u0111\u00ednh k\u00e8m v\u1edbi ch\u00fang, ch\u1eb3ng h\u1ea1n nh\u01b0 ng\u00e0y h\u1ebft h\u1ea1n ho\u1eb7c l\u1ec7nh Good ‘Til Canceled (GTC)<\/b>, \u0111i\u1ec1u \u0111\u00f3 c\u00f3 ngh\u0129a l\u00e0 \u0111\u01a1n h\u00e0ng s\u1ebd v\u1eabn ho\u1ea1t \u0111\u1ed9ng cho \u0111\u1ebfn khi b\u1ecb h\u1ee7y. M\u1ed9t l\u1ec7nh c\u0169ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c \u0111\u1eb7t th\u00e0nh ch\u1ec9 ho\u1ea1t \u0111\u1ed9ng trong phi\u00ean giao d\u1ecbch th\u00f4ng th\u01b0\u1eddng ho\u1eb7c c\u0169ng ho\u1ea1t \u0111\u1ed9ng trong c\u00e1c phi\u00ean tr\u01b0\u1edbc v\u00e0 sau th\u1ecb tr\u01b0\u1eddng.<\/p>\n

Chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui\u00a0<\/font><\/h3>\n

C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ho\u1eb7c t\u1ed5 ch\u1ee9c th\u1ef1c hi\u1ec7n \u0111\u1ea7u t\u01b0 v\u1ed1n l\u1edbn v\u00e0o c\u00e1c c\u00f4ng ty t\u01b0 nh\u00e2n c\u0169ng s\u1ebd t\u00ecm c\u00e1ch qu\u1ea3n l\u00ed c\u00e1c \u0111i\u1ec3m tho\u00e1t l\u1ec7nh v\u00e0 chi\u1ebfn l\u01b0\u1ee3c tho\u00e1t kh\u1ecfi c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u1ee7a h\u1ecd. Nh\u00ecn chung, \u0111i\u1ec3m tho\u00e1t\u00a0l\u1ec7nh v\u00e0 chi\u1ebfn l\u01b0\u1ee3c tho\u00e1t l\u00e0 m\u1ed9t ph\u1ea7n c\u1ee7a t\u1ea5t c\u1ea3 c\u00e1c k\u1ebf ho\u1ea1ch \u0111\u1ea7u t\u01b0 kinh doanh d\u00e0i h\u1ea1n. \u0110\u1ed1i v\u1edbi m\u1ed9t s\u1ed1 nh\u00e0 \u0111\u1ea7u t\u01b0, \u0111i\u1ec3m tho\u00e1t l\u1ec7nh c\u00f3 th\u1ec3 l\u00e0 m\u1ed9t\u00a0\u0111\u1ee3t ph\u00e1t h\u00e0nh c\u00f4ng khai l\u1ea7n \u0111\u1ea7u\u00a0(IPO)<\/b>.\u00a0<\/p>\n

Trong c\u00e1c tr\u01b0\u1eddng h\u1ee3p kh\u00e1c, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd \u0111\u1eb7t m\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn v\u00e0 l\u1ed7 t\u1ed1i \u0111a nh\u01b0 m\u1ed9t ph\u1ea7n c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 t\u1ed5ng th\u1ec3 c\u1ee7a h\u1ecd.<\/p>\n

Vi\u1ec7c tho\u00e1t kh\u1ecfi m\u1ed9t c\u00f4ng ty giao d\u1ecbch kh\u00f4ng c\u00f4ng khai c\u00f3 th\u1ec3 kh\u00f3 kh\u0103n h\u01a1n v\u00ec nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n t\u00ecm ng\u01b0\u1eddi mua c\u1ed5 ph\u1ea7n c\u1ee7a c\u00f4ng ty.<\/p>\n

Ca\u0301c y\u0301 chi\u0301nh<\/font><\/h3>\n

– \u0110i\u1ec3m tho\u00e1t\u00a0l\u1ec7nh<\/b> l\u00e0 gi\u00e1 m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 ho\u1eb7c nh\u00e0 giao d\u1ecbch \u0111\u00f3ng m\u1ed9t v\u1ecb th\u1ebf.<\/p>\n

– C\u00e1c lo\u1ea1i l\u1ec7nh kh\u00e1c nhau \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 \u0111\u00f3ng m\u1ed9t v\u1ecb th\u1ebf, bao g\u1ed3m c\u00e1c m\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn (l\u1ec7nh gi\u1edbi h\u1ea1n), d\u1eebng\u00a0l\u1ed7 (l\u1ec7nh d\u1eebng) v\u00e0 l\u1ec7nh th\u1ecb tr\u01b0\u1eddng.<\/p>\n

– \u0110i\u1ec3m tho\u00e1t l\u1ec7nh\u00a0th\u01b0\u1eddng \u0111\u01b0\u1ee3c l\u00ean k\u1ebf ho\u1ea1ch s\u1eb5n \u0111\u1ec3 ki\u1ec3m so\u00e1t r\u1ee7i ro v\u00e0 kh\u00f3a l\u1ee3i nhu\u1eadn. Thu\u1ebf c\u0169ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c coi l\u00e0 m\u1ed9t ph\u1ea7n c\u1ee7a \u0111i\u1ec3m tho\u00e1t l\u1ec7nh.<\/p>\n

– Chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui c\u0169ng \u0111\u01b0\u1ee3c y\u00eau c\u1ea7u trong c\u00e1c c\u00f4ng ty t\u01b0 nh\u00e2n v\u00e0 c\u00f3 th\u1ec3 kh\u00f3 kh\u0103n h\u01a1n v\u00ec ng\u01b0\u1eddi b\u00e1n c\u1ea7n ph\u1ea3i t\u00ecm ng\u01b0\u1eddi mua.<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n \u0110i\u1ec3m tho\u00e1t l\u1ec7nh (ti\u00ea\u0301ng Anh: Exit Point) l\u00e0 gi\u00e1 m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 ho\u1eb7c nh\u00e0 giao d\u1ecbch \u0111\u00f3ng m\u1ed9t v\u1ecb th\u1ebf. \u0110i\u1ec3m tho\u00e1t l\u1ec7nh c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh tr\u01b0\u1edbc d\u1ef1a tr\u00ean chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 ho\u1eb7c nh\u00e0 giao d\u1ecbch.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31428"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=31428"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31428\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}