Well, today I violated most of the rules I've learned in 38 years of
trading.
When SOLF was being popped around in the pre-market, I
realized that
they would almost positively take it under 30 to clear out
some
nearby stops. I wrote the orders to sell it and when the market
opened, I watched it fall like a stone. Now, inside each of us who
have been doing this for a very long time resides a little intuitive
voice and my little voice said "do nothing" The stock plowed
through
30, through 29 and then steadied. I had no feeling of panic
or loss or
wrong decision .. I just did nada! How this works out
will not be known
for a while but of all the rules I follow .. rules
I set for myself and
which have stood me in good stead, the rule
about listening to that little
voice is high on the list. I can't
teach it or explain it or even define
it .. intuition is a plus in
this game and I don't ignore
mine.
Several people have asked me to keep them up to date on my
activities
with this particular issue so I have done that but I will stop
these
posts now and only report when I sell the position. I apologize for
boring many of you with it and especially the commodity traders who
couldn't care less about some equity.
Bob