What’s a Stop Loss and Why Do I Need One?

Greyhound Betting Strategy? What Is That?

One of my mates, I’ll call him El Cid, to protect the innocent, said to me recently; ‘I don’t have a stop loss, I just keep lumping on until I win’

‘Fascinating’ I said, ‘and how’s that working out for you?’ ‘Pretty good’ he replied, ‘So – are you up or down on your betting bank?’

Well El Cid looked at me like I’d just asked the dumbest question in the world! ‘How do I know’ he said.

That was that, end of the conversation, he had no clue what a betting bank was and had no strategy in his betting, he was the bookies favourite! Not only an amateur ‘punter’ but he’s a gambler!

Having no greyhound betting strategy or recovery plan for your sports betting is gambling. You should never gamble!

Betting with a strategy and a recovery plan is what the professional gamblers and sports traders do, I hope that you fall within this category of sports trader?

So, what’s a stop loss? Quite simply it’s the amount or number of trades you are comfortable / prepared to make before you reset your bank or reset your strategy to the beginning.

With The Two Trap Greyhound System we not only recommend you only trade with money you can afford to lose,  also that you stop at a WIN, we also recommend you have your own stop loss strategy, I use a stop in all my trades, but as The Two Trap Greyhound System has more than a 90% hit rate, I rarely have to use my stop loss.

So, please, don’t be a gambler, aspire to be a professional sports trader and use The Two Trap Greyhound System as part of your sports trading toolbox.

Have a great week, until next time.

Peter Bright