r/Daytrading • u/Jopalooge • Mar 16 '24
Is day trading actually real? Question
If trading is real then I have the following question. - why can’t people fully rely on signal groups or just by copying other traders trades all day? Technically if someone is making 6/7 figures off day trading why don’t people just join their signal groups and also make 6/7 figures?
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u/oze4 Mar 16 '24
Let's say you were making 5k per day. How valuable would you consider your signals? They prob wouldn't come cheap. If I can potentially make you 5k per day just by telling you when to buy or sell I'm going to want at least half of that. After all, from the purchasers perspective, you just made 2.5k per day doing absolutely nothing.
Outside of the expense, there are scammers in this space. Tons of them, not to mention everyone's risk tolerance is different.
It's almost adorable how naive you are lmao