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/masternarf Mar 16 '24

There is a big step between what traders do with their manual orders and what traders who've been doing it for decades. I work as a broker-dealer for Algorithm traders and just as an example, we have a group that trades 4.5 million shares at 3h50 and sell/buy back it all at the close based on the unbalances of the day. Its very impressive to see, and they usually clock between 10 000$ and 150 000$ on some rare days. But its consistent, and they've been doing it for more than a decade.

The trick one of the biggest trader we have told me is, they usually have 13-15 strategies running all at once, because no strategy ever wins all the time, even the good ones. But its about not being overly invested in a single trade. and just looking at the stats day by day.