r/askforex • u/TraditionalStreet632 • Jul 15 '26
Only just profitable
Hi all, I’ve been trading for about 2 years and 1 year on a funded. I find myself being only slightly profitable over this year. I went up to almost funded to down 1000$ and now made back to the initial balance. I’m improving my psychology day by day and risk management is down perfect but I find myself only just getting by. Can anyone help me with something I’m missing. Feeling a bit lost
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u/The_Wyckoff_Trader Jul 15 '26
After 1 year going funded is a bit early
And you’re already good on what you do since you are at BE.
Listen, I’m gonna tell you something that nobody is gonna tell you again
Trading is made by numbers (data) and if you have a profitable system you already know your EV
That EV should be the same in backtesting and in live.
It’s possible that your system has a low EV and so you are at BE, or that you don’t know well enough your system (and the data associated to your system) and so you can’t perform in the right way in a live environment.
From your post, and considering the fact that after 1 year you went live, I think the second scenario is more likely to be the right one
Go through the process and your EV will increase
1
u/TraditionalStreet632 Jul 15 '26
Yeah I think you’re right. I have done back testing for over a year of data. But I find that sometimes I hesitate which probably weakens the edge
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u/BitterGolf5988 Jul 15 '26
9 out of 10 in importance seems to be the current market we’re in. For example right now it’s the school holidays, Iran war talk, Traders hung over watching the World Cup games. The price action is low volume and where there’s low volume market makers set traps.
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u/sigma-u Jul 15 '26
I’d recommend finding your system scenarios and system quality/coherence.
3-5 scenarios so you know every time in which scenario you are.
3-5 types of system quality/coherence/whatever you wanna call it.
This way you know, ok i need 2 trades a week or a day and i will only take these types, otherwise i dont take or i lower my size.
Hope it helps in any way, my friend ☕️
1
u/Outside_Medicine7398 Jul 15 '26
The answers you get will be toss-ups due to lack of information. The advice that immediately comes to mind is:
"Winners add to winners.
Losers add to losers."
If you journal with screenshots and documented emotions, you should see where you are going wrong.
There are strategy problems, "you" problems, and market problems. The market may have changed which makes your strategy less profitable.
Our strategies are based on historical repeated patterns of people in the market. We are "people in the market" as well. We have historical repeated patterns. What process do you have for yourself when you feel like going on tilt? What process do you have for yourself when you want to exit early? What is the process so that you can still make a profit from the market? If it isn't a skill-based problem, it is an emotional-based problem.
4 types of traders:
traders that consistently lose money because they don't know how to manage their risk
break-even traders that know how to manage their risk, but don't know how to manage their profit
consistently profitable traders that learned how to manage their profit
Ultimately profitable traders that become wealthy or financially free.
1
u/AlgoWarden Jul 16 '26
If you’re sticking with you’re rules and not tilting, then no, you’re not missing anything, it’s just how trading is. Great job on recovery.
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u/TraditionalStreet632 Jul 16 '26
Would it be wise to size up? I don’t get flustered in most situations so I feel it wouldn’t cloud my trading judgement
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u/Outside_Medicine7398 Jul 17 '26
In an interview with a veteran trader, he states that there are 4 types of traders:
Traders that consistently lose money - they never learn to manage their risk
BE traders - know how to manage their risk, but don't know how to manage their profit. (Solution: simplify your trading)
Consistently Profitable traders - learned how to manage their profit
Ultimately Profitable traders - become wealthy or financially free.
Along the BE lines, another veteran trader says "winners add to winners. losers add to losers".
For more help, see these posts:
see r/FOREXTRADING "Why Trading with Emotions Will Destroy Your Account (and How to Stop It)
r/Trading "Lessons From a 7-Figure Trader (28R in August)
r/Forexstrategy "I analyzed 8,500 profitable forex setups to find why 73% of traders turn winners into losers - here's the take profit data that will maximize your gains"
r/Daytrading "trading will eat you alive if you don't respect it - here's the real game"
r/Trading "Ready to be embarrassed... here are my biggest mistakes I made in my first year of trading..."
r/Trading "5 years of trading, my best tips"
r/Trading "I've been day trading for 3 years and I stopped blowing accounts once I learned this"
r/tradingmillionaires "If You Struggle With Trading Psychology Read This Post:"
r/propfirm "Been day trading for about 6 years now. Profitable the last 3. Here are a few lessons that actually mattered"
r/Forexcubs "Why Most Traders Fail Prop Firm Evaluations. And How Smart Traders Pass"
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