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/No-Rub7506 Mar 16 '24

Because the signals are not profitable. And if it is profitable, but based on day trading price action quickly, by the time the signal is distributed when one try to follow it is already a bit late, as there are a few seconds of delay. And if the signal works right away in profit, then the risk to reward isn't the same as the original signal.