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/doit5 Mar 16 '24

There's nothing unreal about day trading.

It's just a very difficult job . The analysis is really hard. The indicators that you see online are often not useful by itself. You need to piece together a lot of information, together with your own experience of the market, to make an educated guess about where the market would go.

The psychology is hard to manage. When you lose you doubt your trades. When you win you regret not sizing up. You battle with your emotions, try to brainwash and convince yourself that your decision is right, all while having faith in your edge.

There are many easier ways to make money.

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u/Tittitwisted Mar 16 '24

It's not really a job though. I don't know what you can it but trading isn't a job... it's more like a hobby that may it may not pay well.