Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Alan Smithee who wrote (1491)	6/26/1997 10:59:00 PM
From: William H Huebl	of 94695

Hi David, I am not bending ANY of my trading rules... I have always had one rule over all the others... and IF AND ONLY IF (it's called the IFF) THE ONLY TIME I WOULD EVER BREAK THE RULES IS IF THE RISK REWARD EXCEEDS 1:16. With as much as a 25% correction coming (I know that sounds totally out of the question... but nobody believes we will ever crash again) my risk reward on the puts I just bought is about 1:50. BUT I COULD BE ABSOLUTELY LUNATIC WRONG!!!! But I don't win many in this category... when I do, it is a BIG payoff. Regards, Bill

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