Lay then back the same selection at a pre-determined loss

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Lay then back the same selection at a pre-determined loss

Postby mm3260 » Tue Jul 03, 2012 10:48 pm

Hi Guys, new poster so please bear with me.

Is there a trigger that will allow me to cut my losses in running after ive laid a selection. Eg I lay a horse at 3.0 and it rallies and looks like its gonna go on and win so i need to back it at say 1.5 and reduce my liability.

Thx in advance
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Lay then back the same selection at a pre-determined loss

Postby mm3260 » Tue Jul 03, 2012 10:53 pm

Sorry but i meant to say that i am using the "LAY" trigger atm so i cant just use a straight forward "BACK" trigger
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Postby doris_day » Wed Jul 04, 2012 9:27 am

You can just put in a Stop Loss at a certain percentage if you have a percentage loss at which you feel uncomfortable. eg "LAY-SL50P" with a 50% Stop Loss
'He was looking for the card so high and wild he'd never need to deal another' - Leonard Cohen
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Postby mm3260 » Wed Jul 04, 2012 11:09 am

Thx Doris easy really lol, PS love Leonard

"I lit a thin green candle to make you jealous of me"
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