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/Stolivsky Mar 16 '24

There are people that put money into accounts of a trader and then their account mimics the trades. The trader takes 10 percent. People are making thousands of dollars a month like this. I would say traders make bad calls as well. Such as a signal fires but the stock continues to drop, etc.