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keeper leagues and trades

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Not sure if this is the right place or not, but here goes my question.  For those of you in keeper leagues where your keepers cost a certain round pick that usually is upped each year you keep them, how do you handle the trading of future draft picks in your league?  I keep a player who has a 3rd round value but I trade my 3rd round pick next year in a trade - what happens? Do you not allow trading of picks in these leagues? Any references here or online that you can refer to with sample league rules?  Google hasn't really gotten me what I have been looking for.


Thank you for the help

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