Okay, here are the rules for the first trading period beginning tomorrow night:

1. Firstly, everyone automatically gets $200,000 to buy a new horse (or horses).

2. But if you want to spend more than that, you are allowed to sell up to three of the horses currently in your stable and you will receive a set amount of money for them based on how much prizemoney they've won so far.

Here's how much money you will get for the horses you sell:

Selling price - Prizemoney won
$100,000 - No prizemoney won
$125,000 - $1-$49,999
$150,000 - $50,000-$99,999
$175,000 - $100,000-$199,999
$200,000 - $200,000-$299,999
$225,000 - $300,000-$499,999
$250,000 - $500,000 or more

3. Then with the total amount of money you now have (including the original $200,000), you can buy up to three new horses. As an example, let's say you want to sell 3 horses which have won $120,000, $25,000 and nothing. For those 3 horses, you would receive $175,000, $125,000 and $100,000. That's $400,000 and with the $200,000 that everybody automatically receives, that would be a total of $600,000 you would have to spend on up to 3 new horses.

4. If you want, you can even buy a horse that someone else has sold. If for example, someone else sells a horse for $150,000, then that's the same price you'd have to pay to buy it.

5. You don't have to buy all of your new horses straight away tomorrow night if you don't want to, but you do have to outline all of the horses that you're going to sell. In other words, in your FIRST post during the trading period, you MUST list all of the horses that you're selling and the amount of money that you get for selling them. Make sure you check with that table above to see exactly how much you get for each horse.

By the way, it doesn't matter what age the new horses are that you buy. For example, you don't have to replace a 3YO with a 3YO. You can get your new horses from any age category you want.

The trading period begins at 7pm (QLD Time) tomorrow night and goes through until midnight on Wednesday night.