You are right about that little voice or feeling
that you get. I have always felt that my subconscious mind has seen
something that I consciously have missed and it is warning me to cover, sell
or do nothing in spite of what I consciously want to do.
It has been right more times then it has been
wrong, but that little voice has saved me a world of hurt. Good luck and
good trading Bob.
----- Original Message -----
Sent: Tuesday, January 08, 2008 11:28
AM
Subject: [RT] SOLF
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