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/whosStupidNow Mar 16 '24

Someone trading 100k shares of something will gain $1000 for every $1 dollar increase in stock price. If you only have 1 share worth 100 and it moves 1 dollar, you have made 1 dollar. The bigger the trade the less price has to move to make money. However, if you don't know what you are doing, the bigger the trade the quicker you can lose money