how will i know if i'm a profitable trader

For me I check my history on MetaTrader and it shows the net loss made since using that particular trading account. If the profit you see is negative for examle -18,300 it means you have made a total loss of -18,300 on that trading account.

You can study your account statement at the end of every month (the broker ususally delivers it to your inbox)

You are winning more than you are losing. And your losses are also more controlled.

You will see a steadily rising equity curve in your account statement. It is hard to not know.

You will have consistency, you wont make $10 today then lose $150 tomorrow, your losses will always be around the same figure. Your profits will also be around the same figure but they will ususally be higher than your losses when summed up.

I journal my trades , both wins and losses. At the end of the month, I calculate the losses and the wins . If the losses are more than the wins, then i wasn’t profitable. Also, my risk to reward ratio helps me a lot.

Your account statement says it all. These days, some brokers even send daily contract notes so you monitor your performance on a daily basis. MT5 & cTrader account statements are generated automatically and sent to your mail daily. Trading platfoms also have modern visual performance monitoring metrics you can use to check how well you are doing.

To determine if you're a profitable trader, with good psychology and risk management, check for;

- consistent profits,

- disciplined and emotional control

- low drawdowns

- positive trading edge

- confidence under pressure and ongoing improvement through analysis and adaptation and moreover less losses.