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money management is not my strong point so I over leverage like crazy. I know a bit but not a lot, i need to take it easy and not risk too much on 1 trade.
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</blockquote>Bingo. If you're blowing up accounts, you're risking WAY too much. You need a defined exit for your trade where you will bail out NO MATTER WHAT. Then you say "how much am I willing to risk on this trade?" and you size your trade accordingly. E.g. say you decide to risk 2% per trade. If you have a $10k account, 2% is $200. Say your trade has a 50 pip stoploss. Risk 0.4 lots on that trade, and if it hits the SL you will have lost 2% on that trade.<br />
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You probably won't triple your account in 2 months like you did before, but you won't blow it up either. Survival is the name of this game. I'd bet that when you blew your accounts, you didn't limit your risk at all. You let a few trades get away from you and eat up a huge portion of your account. That's not treating it like a business -- that's just gambling with lousy odds.<br />
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So limiting your risk is KEY. If you don't control your risk, your account will DIE.<br />
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Now you have to decide how much to risk. Most people risk way too much on each trade. It's actually possible to turn a winning strategy into a loser just by risking too much. Extreme example: flip a coin, heads you win $2, tails you win $1. That's a GREAT winning strategy -- on average you'll win $0.50 on each flip. But risk 100% on each flip, and you go bust on the first tails. It turns out you can mathematically analyze a series of trades to determine the risk level that will give you the MAXIMUM return over the long haul. For this $2/$1 game, the optimal level is to risk 25% on each flip. If you risk less than 25% OR IF YOU RISK MORE than 25%, you'll make less profit. Risking more than 2x the optimal level is GUARANTEED to lose 100% of your account.<br />
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Risking at that "optimal" level (called the Kelly value) gets you the most profit over time, but you'll have to sit through horrific drawdowns, like 90-95%. Sane traders trade at a fraction of that Kelly level, e.g. 10% of Kelly (risk 2.5% per trade). 25%-50% of Kelly is VERY aggressive. You'll make a lot more money but your drawdowns will be a LOT deeper.<br />
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Take a look at your trade history for your strategy. Calculate the average trade size (wins & losses) and the average win size, in pips. AverageTrade / AverageWin gives a very good approximation of the Kelly value. In the coin flip example, the average trade is $0.50, and the average win is $2. $0.50/$2 = 0.25 = 25%, so 25% is the "optimal" (with huge drawdowns) risk level. Trade at 1/10 - 1/2 of that level -- containing the risk on each trade so you never lose more than 2.5% - 12.5% -- and you'll be just about guaranteed not to blow the account. <br />
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I recommend you knock out an Excel spreadsheet simulating a couple hundred trades, and prove to yourself how this works. It'll be a lot easier to do the right thing if you really believe it.</div>
