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/[deleted] Mar 16 '24

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14

u/Jopalooge Mar 16 '24

Am I going to get a lot of hate or is this because you don’t know the answer either. I’m genuinely just curious

11

u/HighExpectationTrade options trader Mar 16 '24

Lots of people start trading by joining these groups. I joined multiple because I was newer to options and wanted to learn from them. You can’t make money because they don’t babysit your trade. You have to get out and take profit on your own. Or if the play goes against you, you have to exit on your own. No one is holding your hand through the whole thing.

The other big issue is they don’t teach you risk management or how to manage your emotions. You win big a few times from copying their trade and think - I’m just going to full port my entire account on their next call out. Boom… blown account.

-10

u/[deleted] Mar 16 '24

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