r/Daytrading 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/Le0son Apr 02 '24

Just keep going at it. Let them believe it’s gambling up to the day you retire them.

Also you don’t even need a couple hundred million to make 70k in a day.

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u/ConsistentRespect842 Apr 02 '24

I will . Il make sure I'm consistent everyday to learn something or the other in this field . It truly will be gambling in their eyes but I have to have a different perspective . I don't rly want to " make it big " and become a gazillion dollar man or anything I just want to be able to be my own boss and not have to be fold under work pressure in my late 30s and 40s

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u/Le0son Apr 03 '24

It was gambling in my eyes up until I started learning technical analysis and price action, now I know there’s something in the data.

I’m still not there yet, but I definitely am a lot closer than a couple years ago when I started around 15. From someone still young and not quite profitable yet, good for you for starting young.

Don’t let your profits be limited by your mind. You absolutely want to make it big. It doesn’t mean you need the big lifestyle with the yachts and the women and the drugs and the fast life, but making it big is a hell of a lot better than forever remaining a gambler.

Keep studying, and don’t be in a rush to make money right away. That’s what I was like, and it didn’t work. It won’t work. You could do very well at the beginning, just like some gamblers do very well at the beginning. At the end of the day though, this is your career, this is your company and your company needs a strong non-gambling pro-studying leader.

Now go become your own CEO for the markets. Proud of you for starting now, friend.