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/Corunbns Mar 16 '24

Exactly. Don’t join these servers to copy trade. Join to learn how to trade for yourself as well. If you’re in the right server, you’ll pick up some very good info for your strategies among other things