Break even trader after 6 months..now what?

I have been trading everyday with real money for the past 6 mo made 140+ trades and break even . What prevent me from profitable are discipline , tiredness and overwhelment.MY PA skill meet requirements for trading.

How long does it take for you to be a consistently profitable trader from BE trader?

Thx

Hello, for what is my personal experience, I have spent years.
Six years ago I started to be profitable, but I was still "dirty" in the method. I mean confused, too many stupid operations that ate part of my profits. I continued to study and work on the discipline. It takes time and dedication. This is a job, and as such it must be addressed. You and your trading account are a small company. And no entrepreneur would run his business in lost time. No surgeon is a doctor in lost time. So why does a trader have to be? This does not mean that one has to stay in front of the PC 12 hours a day, but even if you are trading 4 hours, you have to dedicate to the market, to the study, to the revision of the charts many more hours.
And in the end, everything will appear clear, you will free the stupid operations as an old coat.
You just have to insist.

Best

Being able to guard your capital is a good thing, however being able to breakeven does not really mean that you are close to being profitable. Obtaining a real edge in forex is hard. I advise you to be really humble and withstand from stantements such as "my skill meets the requirement" or wahtever similar to that.. The fact that you do not make money from trading means that your skill still sucks, sorry to be honest, but I am making you a favor this way. I aim not to insult you but to push you to see from the sidelines and not be a victim of your own ego. Because for trading that is very important. The psychological issues that you mention really CAN ruin an already existing edge. But be aware that fixing and controlling psychological issues on their own, wont create an edge. The market is constructed in a way that makes constistent winning very hard, but consistent losing is not an easy job also (if we do not intentionally want to blow the money). The very very very large majority of forex trading are somewhere between BE and small gradual losses, they bleed small but regularly, ocasionally they take a large hit.
To directly adress the question - how long does it take to get from BE to winning. It depends on what you understand by consistently winning. If making 1% per month for 5 months is going classify you as profitable, it may not take that long. If cosnsitently profitable is to make a killing and double your account every month, it most probably wont happen or may take a very long time.
The best and honest advise that I can give you from my own experience is to avoid psychology, philosophy or whatever. It is exactly those "skills" that you mention "meeting the requirements for trading", that stands between you and the longterm profits. Think about that. Good luck.

Being in the black in 6 months is excellent. It'll be near 12+ for me this month I remember Dec for that and I can tell you it took a few years to reach consistent profitability . The most difficult part in the beginning were discipline and consistency. What's the best system, strategy, time frame, who's giving me the right advice, wrong?? . Where I wasted the most time was trying all different types of systems and not really focusing on the most important things that would make and keep me profitable. One of those things was just learning how to trade, and the others were managing my money and emotions.

When you've reached profitability, the next step is to continue that profitability and gradually scale up the positions. This is not always as easy as it seems. Trading and learning with a live $1000 account and facing a 35% drawdown, is not the same as trading a $20,0000 and having to deal with the same 35% drawdown. You will only know how far you've progressed when you can handle your emotions in the same way with a clear mind not whether an account is a live one vs a demo, but when the account is small vs one that's really got a lot on the line.

Still, good job, and you're far ahead of the game, certainly farther than myself and prob 85% when they started.

Love that post fxmetadroid.

Could not count the number of hours I have spent learning and re-learning and refining and re-refining what I can do with TA.

But the net result has been towards objectivity, simplicity and finally arriving at profitability. I was already doing OK with discipline and risk management right from the start. For me now there is only one chart pattern that works, and that's a trend. Everything else is just volatility.

I feel I can blow my own trumpet here - from mid-October to mid-November, and then again from mid-November to the end of the month I made such levels of profit that I could not justify remaining in the forex market and closed all trades both times. I am now starting again from scratch, but remain optimistic.

And I guess that's really where we get paid, analysing and identifying the trend correctly, then being able to tolerate the emotional roller-coaster ride involved when we hop aboard that trend train. Consistency is one of the most challenging parts of forex trading. Even compared with equity traders where you could generally say there's a long term upwards bias, that can't always be applied in Forex trading.

I've seen some traders use something as simple as 1 moving average to trade successfully and profitably. Break even is definitely a step in the right direction. Now the next objective is small gains consistently over time during different types of market conditions. I would revisit your trading rules again and then also analyse what level of drawdown you can withstand. 25, 30, 35% etc You should always know before(not during or after) what the possible downside risks are.

The learning never ends, and trading and markets are always in a state of twists and turns, but that's what keeps it from becoming boring. The trick is protecting your capital while all that is going on Good luck, stay the course with trading progress.