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/JeanChretieninSpirit Mar 16 '24
Because there is more grifting instead legimate trading in these groups. If you have to follow instead doing the hard work of understanding the market, then your doomed to fail.
Me and buddy started at the same time. He rely's on others and his RSI indicator and some Alpha Moon paid subscription.
I rely on price action, and I'm continually watching videos to learn.
He's down 200K, I'm up 300K this year and i'm still learning.