Hello all, thanks for your kind response Hi Xela, thanks to your advice. It makes sense. As I continued to study methods of money management, i found that "Pyramiding: Playing with the market’s money" suggested by Van K. Tharp. This method sounds like an answer as it works well in a trending market. Essentially, you will lose the same amount of what you used to lose but you will double/triple your profit from the amount you used to profit.