I'm wondering if anybody has read anything on top of scaling out of losing trades. His approach wasn't systematic, although phillipNel used to perform this with some of his trades. What I mean by scaling from losing trades would be the following:

Suppose I move long EURUSD at 1.4000. Let's say the trade goes almost immediately: Price drops into 1.3975, so I shut say 1/3rd of my place to 25 pip loss and maintain the other two thirds in the event the market turns around. The market keeps moving against me1.3950, so I shut 1/3rd more of my place. Subsequently the market goes back up to 1.3975. So I shut the last 1/3rd of my position. For a mean reduction which is smaller than when I had a single stop reduction of say 100 pips.

The point I am trying to get at is that I believe losing transactions are equally important in being managed correctly as winning transactions, however there is apparently an asymmetry in what traders do.