Horse racing tips - pre live trading (stop loss)

Hello guys,

today i would like to talk about something important in horse races. Im not sure its important for every horse trader but its very important to my trading style at least. What is that?

Set a max risk per race. Its a very basic rule but very important one. Basically i have a limit that tells some thing like this " Richard, if you get to this point you dont have another opportunity to enter in the market" but its important to set a max risk that gives you the opportunity to make more then two trades at least.

My personal max risk per race is 10 % of the liability, and i usually use three stakes (liability in geeks toy). For example if i use 3 positions of liability of 300 € my global max risk is 30 €. Most of times i lay horses, so its my personal style and there are traders that use other money management styles.

The idea of this post is to alert you that for most of the trading styles its important to know when to stop, so find the best risk for your style. How do you find it?  Experience in the markets with your trading style.

good trades
r9