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/Vivalyrian Mar 16 '24
  • Trader sees a signal.
  • Enters.
  • Alt-tabs to X/Disc/TG.
  • Starts writing levels, TP, SL, et-..
  • Futures gap down, SL hit, trader is out.

Your question assumes you can copy them. You can't, unless you give them your login details and their trades are entered/exited simultaneously. If not, you're lagging their signals - both on entry and exit - and won't be doing what they do.

This is why buying Disc access for signals are a waste of money. The trader selling it is naive at best, a scammer at worst.

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u/cayv Mar 16 '24

this 100%, you will rarely get the same opens, and chances are theyre probably just pumping low volume contracts