Proper risk management in trading pairs involves position sizing, stop-loss placement on the spread, and diversification across multiple pairs. https://www.dropbox.com/scl/fi/8uo5vydw6uym158otu03m/What-Is-Trading-Pairs-Understanding-Market-Neutral-Strategies.pdf?rlkey=rz5tw51qof6j4qdymx67ogkw0&st=ie3ia4ff&dl=0