Mark Sturdy comments on managing risk when trading trends and patterns. We've talked about how to recognise trading opportunities in the market whether this is the beginning or end or a trend or the completion of a pattern but discovering an opportunity and exploiting it is only one half of a good trade; the other half being to control risk. PLEASE LIKE AND SHARE so we can bring you more! It is often said that there are no great traders; only great risk controllers. How do we control risks in terms of trends and patterns. We don't trade the failure of a pattern, we only trade the completion of a pattern. We should cut trades if the completion of a pattern is negated by a negative move and take profits when the target is reached. It should be simple but we know that chart theory is a question of probabilities so we need to manage trades. We also never look in just one pattern in isolation. The risk reward ratio is set by a chart not by the trader.

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