{"id":67265,"date":"2026-03-08T21:50:21","date_gmt":"2026-03-08T13:50:21","guid":{"rendered":"https:\/\/mister.forex\/?page_id=67265"},"modified":"2026-03-10T08:21:34","modified_gmt":"2026-03-10T00:21:34","slug":"maximum-drawdown-mdd-investment-risk-guide","status":"publish","type":"page","link":"https:\/\/mister.forex\/vi\/maximum-drawdown-mdd-investment-risk-guide\/","title":{"rendered":"T\u1ea1i sao t\u0103ng 50% kh\u00f4ng c\u1ee9u \u0111\u01b0\u1ee3c gi\u1ea3m 50%? B\u1eaby t\u1eed th\u1ea7n MDD"},"content":{"rendered":"
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T\u1ea1i sao t\u0103ng 50% kh\u00f4ng c\u1ee9u \u0111\u01b0\u1ee3c gi\u1ea3m 50%? B\u1eaby t\u1eed th\u1ea7n MDD<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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\ud83d\udccc L\u1eddi m\u1edf \u0111\u1ea7u: Kho\u1ea3ng c\u00e1ch xa nh\u1ea5t trong \u0111\u1ea7u t\u01b0 l\u00e0 kho\u1ea3ng c\u00e1ch \"v\u1ec1 b\u1edd\"<\/strong><\/h3>\nH\u00e3y t\u01b0\u1edfng t\u01b0\u1ee3ng s\u1ed1 ti\u1ec1n 1 t\u1ef7 \u0111\u1ed3ng b\u1ea1n v\u1ea5t v\u1ea3 t\u00edch c\u00f3p nhi\u1ec1u n\u0103m b\u1ed7ng b\u1ed1c h\u01a1i c\u00f2n 700 tri\u1ec7u ch\u1ec9 trong hai tu\u1ea7n.

\n300 tri\u1ec7u m\u1ea5t \u0111i \u0111\u00f3 kh\u00f4ng ch\u1ec9 l\u00e0 con s\u1ed1, n\u00f3 c\u00f3 th\u1ec3 l\u00e0 ti\u1ec1n \u0111\u1eb7t c\u1ecdc mua nh\u00e0 hay h\u1ecdc ph\u00ed c\u1ee7a con b\u1ea1n. \u00c1p l\u1ef1c t\u00e2m l\u00fd \u0111\u00e8 n\u1eb7ng n\u00e0y th\u01b0\u1eddng khi\u1ebfn ng\u01b0\u1eddi ta \"b\u00e1n th\u00e1o trong ho\u1ea3ng lo\u1ea1n\" ngay t\u1ea1i \u0111\u00e1y th\u1ecb tr\u01b0\u1eddng.

\nN\u1ebfu b\u1ea1n h\u1ecfi m\u1ed9t ng\u01b0\u1eddi m\u1edbi: \"M\u1ee5c ti\u00eau c\u1ee7a b\u1ea1n l\u00e0 g\u00ec?\", h\u1ecd c\u00f3 th\u1ec3 n\u00f3i: \"L\u1ee3i nhu\u1eadn 50% m\u1ed9t n\u0103m\".
\nNh\u01b0ng n\u1ebfu b\u1ea1n h\u1ecfi m\u1ed9t nh\u00e0 giao d\u1ecbch chuy\u00ean nghi\u1ec7p: \"B\u1ea1n coi tr\u1ecdng \u0111i\u1ec1u g\u00ec nh\u1ea5t?\", h\u1ecd s\u1ebd tr\u1ea3 l\u1eddi: \"M\u1ee9c s\u1ee5t gi\u1ea3m t\u00e0i s\u1ea3n t\u1ed1i \u0111a (Maximum Drawdown).\"<\/strong>

\nB\u1edfi v\u00ec tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, s\u1ed1ng s\u00f3t c\u00f2n kh\u00f3 h\u01a1n l\u00e0 ki\u1ebfm ti\u1ec1n l\u1edbn.<\/strong>\n<\/span><\/div>\n\t\t\t\t
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\ud83d\udccc Maximum Drawdown (MDD) l\u00e0 g\u00ec?<\/strong><\/h3>\n\nHi\u1ec3u m\u1ed9t c\u00e1ch \u0111\u01a1n gi\u1ea3n, MDD l\u00e0: M\u1ee9c s\u1ee5t gi\u1ea3m ph\u1ea7n tr\u0103m l\u1edbn nh\u1ea5t c\u1ee7a gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n t\u1eeb \"\u0110i\u1ec3m cao nh\u1ea5t (\u0110\u1ec9nh)\"<\/strong> xu\u1ed1ng \"\u0110i\u1ec3m th\u1ea5p nh\u1ea5t (\u0110\u00e1y)\"<\/strong> trong m\u1ed9t kho\u1ea3ng th\u1eddi gian nh\u1ea5t \u0111\u1ecbnh.
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\n Maximum Drawdown (MDD) = (Gi\u00e1 \u0111\u1ec9nh - Gi\u00e1 \u0111\u00e1y) \/ Gi\u00e1 \u0111\u1ec9nh<\/strong>\n<\/blockquote>\nL\u01b0u \u00fd! \u0110\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 \"h\u00f4m nay gi\u1ea3m bao nhi\u00eau so v\u1edbi h\u00f4m qua\". \u0110\u00f3 l\u00e0 kho\u1ea3ng c\u00e1ch t\u1eeb \"th\u1eddi \u0111i\u1ec3m ho\u00e0ng kim\" m\u00e0 t\u00e0i kho\u1ea3n b\u1ea1n t\u1eebng \u0111\u1ea1t \u0111\u01b0\u1ee3c \u0111\u1ebfn \"th\u1eddi \u0111i\u1ec3m t\u1ed3i t\u1ec7 nh\u1ea5t\" sau \u0111\u00f3. Ch\u1eebng n\u00e0o t\u00e0i s\u1ea3n c\u1ee7a b\u1ea1n ch\u01b0a l\u1eadp \u0111\u1ec9nh m\u1edbi, b\u00f3ng \u0111en t\u00e2m l\u00fd t\u1eeb \u0111\u1ee3t s\u1ee5t gi\u1ea3m n\u00e0y s\u1ebd v\u1eabn c\u00f2n \u0111\u00f3.

\nNgo\u00e0i ra, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 chuy\u00ean nghi\u1ec7p quan t\u00e2m nhi\u1ec1u h\u01a1n \u0111\u1ebfn \"Th\u1eddi gian h\u1ed3i ph\u1ee5c (Recovery Time)\"<\/strong> \u2014 sau khi ng\u00e3 xu\u1ed1ng, b\u1ea1n m\u1ea5t bao l\u00e2u \u0111\u1ec3 b\u00f2 l\u1ea1i v\u1ec1 v\u1ea1ch xu\u1ea5t ph\u00e1t? Chi\u1ebfn l\u01b0\u1ee3c m\u1ea1nh nh\u1ea5t kh\u00f4ng ch\u1ec9 l\u00e0 gi\u1ea3m \u00edt, m\u00e0 c\u00f2n ph\u1ea3i \"h\u1ed3i m\u00e1u nhanh\".\n<\/span><\/div>\n\t\t\t\t
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\ud83d\udccc S\u1ef1 th\u1eadt nghi\u1ec7t ng\u00e3 c\u1ee7a to\u00e1n h\u1ecdc: T\u1ea1i sao s\u1ed1 \u00e2m c\u00e0ng l\u1edbn, c\u00e0ng kh\u00f3 g\u1ee1 l\u1ea1i?<\/strong><\/h3>\nNhi\u1ec1u ng\u01b0\u1eddi ngh\u0129 r\u1eb1ng: \"Gi\u1ea3m 50% kh\u00f4ng sao c\u1ea3, t\u00f4i ch\u1ec9 c\u1ea7n ki\u1ebfm l\u1ea1i 50% l\u00e0 h\u00f2a v\u1ed1n.\"
\n\u0110\u00e2y l\u00e0 sai l\u1ea7m to\u00e1n h\u1ecdc ch\u1ebft ng\u01b0\u1eddi nh\u1ea5t trong \u0111\u1ea7u t\u01b0!

\nKhi v\u1ed1n c\u1ee7a b\u1ea1n b\u1ecb s\u1ee5t gi\u1ea3m, b\u1ea1n ph\u1ea3i s\u1eed d\u1ee5ng m\u1ed9t \"s\u1ed1 d\u01b0 nh\u1ecf h\u01a1n\" \u0111\u1ec3 t\u1ea1o ra \"m\u1ee9c t\u0103ng tr\u01b0\u1edfng l\u1edbn h\u01a1n\" ch\u1ec9 \u0111\u1ec3 quay l\u1ea1i v\u1ea1ch xu\u1ea5t ph\u00e1t. \u0110\u00e2y g\u1ecdi l\u00e0 S\u1ef1 b\u1ea5t \u0111\u1ed1i x\u1ee9ng c\u1ee7a l\u1ee3i nhu\u1eadn v\u00e0 thua l\u1ed7<\/strong>:

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M\u1ee9c l\u1ed7 t\u00e0i kho\u1ea3n (MDD)<\/strong><\/th>\n M\u1ee9c t\u0103ng c\u1ea7n \u0111\u1ec3 h\u00f2a v\u1ed1n<\/strong><\/th>\n \u0110\u00e1nh gi\u00e1 \u0111\u1ed9 kh\u00f3<\/strong><\/th>\n <\/tr>\n <\/thead>\n
-10%<\/td>\n +11%<\/td>\n D\u1ec5 d\u00e0ng h\u1ed3i ph\u1ee5c<\/td>\n <\/tr>\n
-20%<\/td>\n +25%<\/td>\n C\u00f3 th\u1ec3 ch\u1ea5p nh\u1eadn<\/td>\n <\/tr>\n
-30%<\/td>\n +43%<\/td>\n B\u1eaft \u0111\u1ea7u th\u1ea5y kh\u00f3 kh\u0103n<\/td>\n <\/tr>\n
-50%<\/strong><\/td>\n +100%<\/strong><\/td>\n \u0110\u1ed9 kh\u00f3 nh\u00e2n \u0111\u00f4i (R\u1ea5t kh\u00f3)<\/strong><\/td>\n <\/tr>\n
-70%<\/td>\n +233%<\/td>\n G\u1ea7n nh\u01b0 kh\u00f4ng th\u1ec3<\/td>\n <\/tr>\n
-90%<\/td>\n +900%<\/td>\n L\u00e0m l\u1ea1i t\u1eeb \u0111\u1ea7u s\u1ebd nhanh h\u01a1n<\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n<\/div>\n\nK\u1ebft lu\u1eadn:<\/strong> Trong th\u1ebf gi\u1edbi \u0111\u1ea7u t\u01b0, thua l\u1ed7 t\u0103ng theo c\u1ea5p s\u1ed1 c\u1ed9ng, nh\u01b0ng \u0111\u1ed9 kh\u00f3 \u0111\u1ec3 h\u00f2a v\u1ed1n l\u1ea1i t\u0103ng theo c\u1ea5p s\u1ed1 nh\u00e2n<\/strong>. Khi MDD ch\u1ea1m m\u1ee9c 50%, b\u1ea1n kh\u00f4ng c\u00f2n \u0111ang \u0111\u1ea7u t\u01b0 n\u1eefa, b\u1ea1n \u0111ang c\u1ea7n m\u1ed9t ph\u00e9p m\u00e0u (m\u1ee9c t\u0103ng 100%) ch\u1ec9 \u0111\u1ec3 quay l\u1ea1i \u0111i\u1ec3m xu\u1ea5t ph\u00e1t.\n<\/span><\/div>\n\t\t\t\t
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\ud83d\udccc T\u1ea1i sao Maximum Drawdown (MDD) quy\u1ebft \u0111\u1ecbnh \"tr\u1ea7n gi\u00e0u sang\" c\u1ee7a b\u1ea1n?<\/strong><\/h3>\nN\u00f3 quy\u1ebft \u0111\u1ecbnh b\u1ea1n c\u00f3 b\u1ecb \"\u0111u\u1ed5i kh\u1ecfi b\u00e0n ch\u01a1i\" hay kh\u00f4ng:<\/strong>
\nMDD x\u00e1c \u0111\u1ecbnh gi\u1edbi h\u1ea1n ch\u1ecbu \u0111\u1ef1ng t\u00e2m l\u00fd c\u1ee7a b\u1ea1n. Khi t\u00e0i kho\u1ea3n s\u1ee5t gi\u1ea3m m\u1ea1nh, c\u01a1 ch\u1ebf ph\u00f2ng v\u1ec7 c\u1ee7a n\u00e3o b\u1ed9 s\u1ebd k\u00edch ho\u1ea1t, khi\u1ebfn b\u1ea1n \u0111\u01b0a ra nh\u1eefng quy\u1ebft \u0111\u1ecbnh thi\u1ebfu l\u00fd tr\u00ed. N\u1ebfu kh\u00f4ng th\u1ec3 ch\u1ecbu \u0111\u01b0\u1ee3c m\u1ee9c s\u1ee5t gi\u1ea3m 30%, b\u1ea1n s\u1ebd kh\u00f4ng th\u1ec3 gi\u1eef \u0111\u01b0\u1ee3c t\u00e0i s\u1ea3n d\u00f9 t\u01b0\u01a1ng lai n\u00f3 c\u00f3 th\u1ec3 t\u0103ng g\u1ea5p 10 l\u1ea7n.

\n\nN\u00f3 ph\u00e1 h\u1ee7y ph\u00e9p m\u00e0u c\u1ee7a l\u00e3i su\u1ea5t k\u00e9p:<\/strong>
\nL\u00e3i su\u1ea5t k\u00e9p c\u1ea7n th\u1eddi gian \u0111\u1ec3 ph\u00e1t huy t\u00e1c d\u1ee5ng, v\u00e0 m\u1ed9t \u0111\u1ee3t s\u1ee5t gi\u1ea3m nghi\u00eam tr\u1ecdng gi\u1ed1ng nh\u01b0 m\u1ed9t \"v\u1ef1c th\u1eb3m\" tr\u00ean con \u0111\u01b0\u1eddng t\u00edch l\u0169y. N\u1ebfu b\u1ea1n l\u00e3i \u0111\u1ec1u 10% m\u1ed7i n\u0103m, sau 10 n\u0103m t\u00e0i s\u1ea3n s\u1ebd r\u1ea5t \u0111\u00e1ng n\u1ec3; nh\u01b0ng n\u1ebfu ch\u1ec9 m\u1ed9t n\u0103m b\u1ecb MDD 50%, b\u1ea1n s\u1ebd m\u1ea5t nhi\u1ec1u n\u0103m ch\u1ec9 \u0111\u1ec3 \"v\u1ec1 l\u1ea1i v\u1ea1ch xu\u1ea5t ph\u00e1t\", l\u00e3ng ph\u00ed chi ph\u00ed th\u1eddi gian qu\u00fd b\u00e1u nh\u1ea5t.

\n\nN\u00f3 l\u00e0 linh h\u1ed3n c\u1ee7a \"Ch\u1ec9 s\u1ed1 Calmar\":<\/strong>
\nCh\u1ec9 s\u1ed1 Calmar = L\u1ee3i nhu\u1eadn h\u00e0ng n\u0103m \/ MDD. N\u1ebfu kh\u00f4ng c\u00f3 MDD \u1edf m\u1eabu s\u1ed1, t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn (CAGR) ch\u1ec9 l\u00e0 con s\u1ed1 r\u1ed7ng tu\u1ebfch. M\u1ed9t t\u00e0i s\u1ea3n c\u00f3 l\u1ee3i nhu\u1eadn 100%\/n\u0103m nh\u01b0ng MDD l\u00ean t\u1edbi 80% v\u1ec1 b\u1ea3n ch\u1ea5t l\u00e0 m\u1ed9t cu\u1ed9c \u0111\u00e1nh b\u1ea1c c\u00f3 th\u1ec3 s\u1ee5p \u0111\u1ed5 b\u1ea5t c\u1ee9 l\u00fac n\u00e0o, ch\u1ee9 kh\u00f4ng ph\u1ea3i \u0111\u1ea7u t\u01b0.\n<\/span><\/div>\n\t\t\t\t
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\ud83d\udccc L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 \u0111\u1ed1i ph\u00f3 v\u1edbi MDD? T\u1eeb \"g\u1ed3ng l\u1ed7 b\u1eb1ng s\u1ee9c ng\u01b0\u1eddi\" sang \"ph\u00f2ng v\u1ec7 khoa h\u1ecdc\"<\/strong><\/h3>\nV\u00ec MDD r\u1ea5t \u0111\u00e1ng s\u1ee3, ch\u00fang ta n\u00ean l\u00e0m g\u00ec? Chi\u1ebfn l\u01b0\u1ee3c \"mua v\u00e0 gi\u1eef\" truy\u1ec1n th\u1ed1ng th\u01b0\u1eddng b\u00e0o m\u00f2n \u00fd ch\u00ed con ng\u01b0\u1eddi khi \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ee9c gi\u1ea3m 50%. \u0110\u00f3 l\u00e0 l\u00fd do t\u1ea1i sao c\u00e1c t\u1ed5 ch\u1ee9c chuy\u00ean nghi\u1ec7p v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh chuy\u1ec3n sang c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng:

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