Day trading is an extraordinary skill that you develop overtime by practice but once you rely on tipsters you are betting your profits on someone else’s intelligence and once he gets it wrong (which by the way he will at some point) you would lose all of your earnings and you would be back to square one doubting trading itself and preaching everyone else how bad day trading is. There can’t be a more terrible way to earn money.
so usually anyone falls for tipsters in the lure of a quick profit without doing the research and other due diligence and also they will always claim that their accuracy rate is 100%, 120% and so on so it gets easy to fall for these tipsters as a green horn because we don’t understand the nuances and granular details of the market and we think that we can get quick buck without any effort. but eventually as we study and go into details and also with the painful experience with these tipsters we truly get the true picture of the market and realize the fact that no one even Warren Buffet and Charlie Munger can predict the market with 100% accuracy. In the long run they can have a range of the price movements but the exact price can’t be predicted by anyone.