There are a number of things you can do today to improve your money management when trading. One is to put in a hard stop loss just as you put in a cap on the amount to risk on each trade. In both cases 2% is a very good number to use. In connection with the first tip, never average down on a long trade or average up on a short trade. Another tip is to work harder to find trades with a good risk/reward ratio and avoid any high-risk trades. There are plenty of trades out there that don't expose your account to excessive risk.