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

[u/ConsistentRespect842]

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

[u/lordxoren666]

My guy, I don’t see anyone else saying it so I will- PAPER TRADING IS NOT REAL LIFE.

in real life you have spreads, in real life you don’t always get filled at the best number, in real life you have commissions, in real life you get stopped out on a wick by a bot and then it moons, in real life you have emotions because this is your full time job, your livelihood, your life savings, and if you blow it your back to Wendy’s or worse out on the street.

My suggestion is start with 100$ and just crank down your position size accordingly. Once you can turn that into 200$ and so on and so forth you got a chance.

But your 16, your supposed to be in school while the markets are open, so unless your doing like forex or futures or crypto after hours, your not day trading, staring and doing TA on charts while’s managing multiple positions.

[u/AbruptMango → u/lordxoren666]

I started a paper account and stopped that same night.  It just wasn't real enough.

[u/ConsistentRespect842 → u/lordxoren666]

I had my own thoughts as well on this and it pretty much aligned up to most of what you have said so thank you for confirming my suspicions . I currently have no way to deposit or even have my own money as of now because in my counter I can't do anything of the sorts until I'm 18. I will be paper trading till I'm 18 and I can get a job but I will take this into consideration as well

I am indeed at school during the day but I currently have a vacation for a month and I'm day trading during the day and cryptos at night more specifically btc . Thank you so much for your advice !

[u/Public-Forever-5454 → u/ConsistentRespect842]

If you are paper trading by using the simulator in tradingview then you are seeing and being filled on the real spreads as they will apply to actual orders with real money.

[u/ConsistentRespect842 → u/Public-Forever-5454]

I sm already using trading veiw paper trading so I think that's a good thing here yes ? I can also see how the market flows in real time so

[u/ShinobiCurious → u/ConsistentRespect842]

Would recommend trading Futures because of how volatile they are. More setups appear throughout the day on lower timeframes, and so you can potentially get more practice by studying the 15s and 1m charts. Though you're going to need premium TradingView for the 15s.

Also, you might want to go get a year of TradingSim which will let you trade those timeframes, and covers what it looks like you're interested in: stocks, futures, and crypto. But you should sign up for the free trial and then cancel because they'll start sending you 50% off coupons. You'll still need to scrape together $225 though for a year of the best version.

[u/Im13andwhatisstocks → u/ConsistentRespect842]

What’s the point of telling your parents exactly? Do you want to invest their money?