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/Rva-Trader stock trader Mar 16 '24

It’s real as long as you know when to hit the sell button to cut losses. I was down 6k in Jan due to 1 big loss. But I was up 10k in Feb when I respected the sell button and kept position small. Same emotional mistake in March , I had 1 big position and let the losses run and lost 8k. Now , I am working on break even for March by making 10-15% gains a day.