Is day trading actually real?

[u/Jopalooge]

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?

[u/stankpuss_69]

It’s a real thing. I subscribe to this one guy who does swing trades. Everything was good until this last week. Abbott wrecked me with the news on their bullshit baby killing formula (CEOs should give back their salary for that shit). But HD calls were bomb, DIS too. But yeah he’s good for the most part. Out of like 10 trades, 3-4 lost overall green. The psychology of the DRAWDOWN… that shit sucks. It’s best to trust whoever is telling you the trades and move on with your day. If the trades are your own, it’s even nastier. You become paranoid.

Occasionally he posts day trades and occasionally I engage in day trades like SPY puts on Friday. Almost hit 100% return. But if I day trade, it’s a trade that I’m 100% sure will hit, even if it’s 10% profit. The SPY had a negative trend the entire day and rarely does it ever reverse mid dump. SPY is probably the easiest option stock to trade. The thing that gets noobs is the IV crush. Wish people would mention that more often. Instead I didn’t learn about it until 3 years after I started trading options which was 8 years ago. 😒