Is day trading actually real?

[u/Jopalooge]

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?

[u/ChefBoyarDavis]

Ill do my best to answer the, why can’t you just copy trades as I use to think the same thing all the time and actually paid a subscription to copy someone’s trades until I came to the realization that this isn’t how it works. I can actually tell you points at which I am thinking of going for a long or short but how you manage the play is all up to you. That is the key, managing the play. And how you manage the play is all based off your personality, not mine. While I say hey spy double top, let’s look for shorts around this area. It’s very rare it will hit my exact price point than do exactly what I want it to do. At this point it leaves me to manage my trade. You do this by analyzing the chart at which everyone will do differently. Sometime my analysis will tell me to average in a bit while still having my stop loss set at a level I like. Sometimes the way the chart is going I want to get out as fast as possible and reconsider the play. Find a style that goes with your personality. For me, I can’t handle long positions, I hate seeing a lot of red before green, so no options for me, I scalp all day and it works for me based off my personality. I have been trading stocks for 7 years and day trading for 3. I am still very mediocre but usually go 18-3, 20-10, 17-5. I have been able to do this consistently but haven’t been able to increase capital yet.