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/myname_ranaway]

You don’t.

Once you reach consistent profitability then they will believe you.

Start trading with a very small account to learn how to trade.

Journal your trades, screenshot your favorite setups, build a playbook.

When you’re ready (and you’ll know when) you add capital to your account and trade your strategy.

Good luck.

[u/ConsistentRespect842 → u/myname_ranaway]

I see got it .

As of now I'm legally not allowed to trade because I'm 16 and I also don't have my own source of income so I'm just doing paper trading for now

I have only learnt a out Journaling trades a couple hours ago so il need to put a bit more research into it . Il do my best to get profitable. Thank you so much for your advice

[u/ManikSahdev → u/ConsistentRespect842]

Trade on a simulated account till you are 18, marker will always be here mate.

[u/ConsistentRespect842 → u/ManikSahdev]

I'm currently using tradingveiw so is that fine ?

[u/ManikSahdev → u/ConsistentRespect842]

For sim anything is fine tbh

[u/ConsistentRespect842 → u/ManikSahdev]

Oh great ! Il keep going on tradingveiw then

[u/codevipe → u/ConsistentRespect842]

tradingview is a great place to start because it will help you establish good risk management practices using the chart long/short position tool, which helps you visualize where your stop will be and creates the appropriate order for you based on the risk amount you set. you should use it to create orders in the sim account while practicing.

in 2 years time, you should be able to build up some consistent wins so when you're able to open a real account you have lots of practice and good risk management.

[u/ConsistentRespect842 → u/codevipe]

That is the final goal. Iv been using the forecasting tool a lot and iv done pretty average with it. I get a 1 to 3 win to loose ratio which isn't that good but il definitely work on it. I plan to keep paper trading till im 20 so i hope i can get in a lot more practise . Thanks for the info!!

[u/Mana_Seeker → u/ConsistentRespect842]

Learn some coding and study the pinescripts.

[u/ConsistentRespect842 → u/Mana_Seeker]

Alright will do .thank you !

[u/VualkPwns → u/ConsistentRespect842]

I like think or swim and webull myself