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Originally Posted by DerbyCat
I understand the "business" side of things but I still don't know everything and would love the input of you DTers that have done this a while. Thanks in advance for any insight you can provide.
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Understand and realize that you'll never know everything. The day you think you do - sell.
To me, I have found it to be equally important to understand the other owners and trainers, specifically their patterns, their financial means, etc, as it is to know the horses.
Also important - keep your expectations in check and understand that the horse you just paid $10k for a minute ago, might not be worth $10k now. Sometimes the best hop is a drop.
Hope you have a lot of luck and even more fun!!