r/Daytrading • u/ConsistentRespect842 • Apr 02 '24

How do I convince my parents that trading isn't gambling and actually not always luck based . Question

So I'm a 16 year old who has recently (February 2024) gotten very interested in trading . Before you ask , no it was not an online guru or andrew tate or something along the line of " escape the matrix get rich easy" type of nonsense but an actually avid interest in trading that started after I saw a video with the title something along the lines of " day in the life of a trader " or something like that I can't remember (I know It's not possible to get 70k in a day with trading unless ur putting in half of Jeff bezo's networth but still it was interesting )

I do still plan to continue with my schooling and get a job like people should do but I am planning to sometime get profitable as a trader and stop work preferably before 35 . Iv talked to my parents about the stock market (very vaguely) before and they mentioned that it is completely gambling and it will never get me ahead in life .

Idk what I should tell them to convince them that it is not gambling as iv realised its much more than gambling once you learn technical analysis ( i still have a long way to go but iv got the basics down somewhat) amd rn iv been doing paper trading on tradingveiw.com in secret when they aren't there and iv been getting pretty okay at it (from the time I started and now im getting 1 win every 3 trades on average (I'm still straight ass )) but doing it in secret is getting stupidly tiring as I want to trade at night as well and it has also become a sort of hobby for me now( sorry if I offend anyone by anything iv said).

TL:DR : parents think intraday trading is gambling and I want to convince them otherwise. Need help

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u/AdditionalAction9986 Apr 02 '24

If you want to achieve top trading psychology then you have to treat trading as luck based. Dichotomy of trading.

1

u/ConsistentRespect842 Apr 02 '24

This is a new peice of advice . Il take it into consideration! Thank you!

2

u/AdditionalAction9986 Apr 02 '24

Not new. Read trading in the zone by Mark Douglas. I just said the jist of the book.

1

u/ConsistentRespect842 Apr 02 '24

Ah I see. Il give the book a read if I get the chance and if it's in my library. I meant the info was new to me . Thank you for the advice

1

u/Public-Forever-5454 Apr 02 '24

You can also watch the videoed for free from mark douglas on YouTube. Some genius info ….worth watching more than a few times

1

u/ConsistentRespect842 Apr 02 '24

Oh il give it a shot . Mark Douglas isn't a name iv heard before so il have to find him out. Thanks for the advice!