Nothing feels better than finding a profitable setup based on a bad trade.
Manuel Ochoa System traders as well as discretionary traders tend to trade similar position sizes from one trade to the next. Here, we review the different kinds of price charts and explain how they depict price behavior, and lay the foundation for basic chart pattern analysis. In the second of two articles on position management in the Traders Learning section, Dave Landry explains the importance of trailing stop and exit techniques, and different approaches you can use to control risk and maximize profits. Initial Stop Placement Dave Landry Getting in a trade is one thing, keeping it low risk and getting out with a profit is another. In the first of two articles on position management, Dave Landry explains initial stop placement techniques.