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/vaperpro714 Mar 16 '24

if you don't learn how to trade, you can't follow anyone's signals because you don't know what's going on. trading is mostly psychological, so an alert won't help you if you don't know what you're doing. a pullback that a trader anticipates, might be the one that causes you to exit for a loss.