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I will be there. :)

One of the flaw I see in valuation with book value is that it does not reflect the market value of those assets that belong to equity. It could be higher or it could be lower. Using market value would be much better, however it would be difficult to find the market value of every asset in the...

If you use DCF method, the assumption is that the business is a going-concern entity and that it will not be liquidated. Therefore, combining it with book-value or with market value of the assets owned is of contradiction. If the entity is expected to continue to operate, then use DCF...

Hey BnB, I myself is not a successful trader yet, but I believe I know one when I see one. According to him, this is the strategy that would turn you into a successful trader: "1. Trading is like counting cards in black jack. You get the money out ONLY when you believe the situation is...

May I join you guys?

Time and Sales is related to tape reading. It shows what have actually happened. Level II only show you what might happen.

I learned that the market is like a casino full of blackjack tables.

You might want to consider a back up power supply too. As a trader, it's always good to expect the unexpected.

220volt, that sounds like a beginning of a good strategy, but I must admit that it is just a very tiny part of the strategy with which you may have to spend some more time to develop. Your strategy may be more complete if you consider how you could ensure the 3% is achieved. As well, it...

Sounds like it's gonna be total chaos for your last day of work, but it does sound like fun. I sure hope to see you become a highly profitable trader and have your fun at your last day of work! :)

You are right, HolyGrail. Flipping the finger to the boss is an immature gesture. This is the kind of thing I would never ever dare to do in the corporate world in which I work in. It only exist in my imagination. I apologize to you, HolyGrail, and whoever who were offended by my comment...

Let's get back to the topic here. The thread is getting depressing, which was not intended to be. This thread was to help us stay positive and hang on to our dreams by imagining what our last day would be like when we one day became highly profitable trader.

Well, I am not trying to be an asshole by doing those kind of things at my last day of work (if that day ever come). However, I do not think flipping off my boss would be an asshole-like gesture, considered that he/she is my boss. I understand that it's not a sound decision to burn the...

Yep, that is why I am still trading. I know once I figure out a consistence way to make a profit, I could be millionaire in no time. In the mean time, I will continue to pay my dues and just enjoy trading.

First of all, it is not easy to be profitable. As well, during the time when you are struggling, your friends and family would look down on you during this most vulnerable time of your life because they think trading is gambling and there is no future. One of my friends, who happened to be a...

I totally agree. If a trader want to make a fortune, he/she definitely have to take on more risks than the trader who just want to maintain their lifestyle. Either case, the road to become a profitable trader is difficult and punishing, with or without a mentor.

I am just curious of how many people here are trading to maintain their lifestyle or trading to change their lifetyle for the better.

Seriously, it is definitely not suggested that a person should quit their job and start trading full-time unless he/she is proven to be highly profitable trader (eg. when trading income > salary income OR have enough money for retirement) It is to a trader's financial interest to maintain the...

No doubt! I could be the legend that they will be talking about for years to come! :P

Being able to earn enough money through trading to quit your job is quite an accomplishment I must add. Also, it was nice that you treated your secretary well and that you exited the company in a subtle sort of way. Pension Admin