diff --git a/freqtrade/optimize/backtesting.py b/freqtrade/optimize/backtesting.py
index 082fe0d5e..945022b66 100644
--- a/freqtrade/optimize/backtesting.py
+++ b/freqtrade/optimize/backtesting.py
@@ -381,6 +381,7 @@ class Backtesting:
         if stake_amount is not None and stake_amount > 0.0:
             pos_trade = self._enter_trade(trade.pair, row, stake_amount, trade)
             if pos_trade is not None:
+                self.wallets.update()
                 return pos_trade
 
         return trade
@@ -517,7 +518,7 @@ class Backtesting:
         pos_adjust = trade is not None
         if not pos_adjust:
             try:
-                stake_amount = self.wallets.get_trade_stake_amount(pair, None)
+                stake_amount = self.wallets.get_trade_stake_amount(pair, None, update=False)
             except DependencyException:
                 return None
 
@@ -746,6 +747,7 @@ class Backtesting:
                         order.close_bt_order(current_time)
                         trade.open_order_id = None
                         LocalTrade.add_bt_trade(trade)
+                        self.wallets.update()
 
                     # 3. Create sell orders (if any)
                     if not trade.open_order_id:
@@ -763,6 +765,7 @@ class Backtesting:
                         open_trades[pair].remove(trade)
                         LocalTrade.close_bt_trade(trade)
                         trades.append(trade)
+                        self.wallets.update()
                         self.run_protections(enable_protections, pair, current_time)
 
                     # 5. Cancel expired buy/sell orders.
@@ -771,6 +774,7 @@ class Backtesting:
                         # Close trade due to buy timeout expiration.
                         open_trade_count -= 1
                         open_trades[pair].remove(trade)
+                        self.wallets.update()
 
             # Move time one configured time_interval ahead.
             self.progress.increment()
diff --git a/freqtrade/wallets.py b/freqtrade/wallets.py
index e57739595..93f3d3800 100644
--- a/freqtrade/wallets.py
+++ b/freqtrade/wallets.py
@@ -211,7 +211,7 @@ class Wallets:
 
         return stake_amount
 
-    def get_trade_stake_amount(self, pair: str, edge=None) -> float:
+    def get_trade_stake_amount(self, pair: str, edge=None, update: bool = True) -> float:
         """
         Calculate stake amount for the trade
         :return: float: Stake amount
@@ -219,7 +219,8 @@ class Wallets:
         """
         stake_amount: float
         # Ensure wallets are uptodate.
-        self.update()
+        if update:
+            self.update()
         val_tied_up = Trade.total_open_trades_stakes()
         available_amount = self.get_available_stake_amount()
 
diff --git a/tests/optimize/test_backtesting.py b/tests/optimize/test_backtesting.py
index 84ffc1548..649a43b32 100644
--- a/tests/optimize/test_backtesting.py
+++ b/tests/optimize/test_backtesting.py
@@ -521,6 +521,7 @@ def test_backtest__enter_trade(default_conf, fee, mocker) -> None:
     # Fake 2 trades, so there's not enough amount for the next trade left.
     LocalTrade.trades_open.append(trade)
     LocalTrade.trades_open.append(trade)
+    backtesting.wallets.update()
     trade = backtesting._enter_trade(pair, row=row)
     assert trade is None
     LocalTrade.trades_open.pop()
@@ -528,6 +529,7 @@ def test_backtest__enter_trade(default_conf, fee, mocker) -> None:
     assert trade is not None
 
     backtesting.strategy.custom_stake_amount = lambda **kwargs: 123.5
+    backtesting.wallets.update()
     trade = backtesting._enter_trade(pair, row=row)
     assert trade
     assert trade.stake_amount == 123.5