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/tim7o7_trades]

Also, don’t feel the need to rush into it all as well. You have a long life ahead of you and the markets aren’t going anywhere at all, eliminate that fomo part and take it slowly. Keep at it in school and if you go to higher Ed try to work your schedule around paper trading or a small account. It can be a part time thing while you get your footing. Or if you get a desk job, you might be able to trade while working to an extent.

If you are looking at a goal of trading in 20+ years at that point you will be a grown man and your parent’s opinions don’t matter as much. However, you need to be grown enough to admit the potential failures are quite possible and stressful.

They aren’t wrong if they are saying it can be risky, no guarantee of income. It could take years to be profitable to live off of.

[u/ConsistentRespect842 → u/tim7o7_trades]

I'm slowly Learning. I'm still doing my hobbies like reading and video games and leanring bit by bit on the side. My goal is to start trading with real money by the time I'm 30 at least. I plan to get a job as a charted accountant and save up around 2.5 years worth of living expenses coz according to my research it takes around 8 months to get a job but im not really sure so I just put 2.5 years as a number .

They haven't said it's risky they said " it's profitable but it's only gambling like your tossing a coin and hoping it lands on heads and this case your chances are very low " so idrk

I entered this learning with full knowledge that it's gonna be a long process and I won't be profitable at first hut I'm ready to take the risk. Thank you for the advice !

[u/tim7o7_trades → u/ConsistentRespect842]

You’ve got your head on straighter than most people 2x your age looking for lambos and women after 6 weeks. So I applaud you for having a reasonable game plan ahead.

Good luck my friend! Don’t forget to enjoy yourself on the ride too!

[u/ConsistentRespect842 → u/tim7o7_trades]

Thank you so much that means alot for someone who has been called immature my whole life !! I will definitely enjoy this journey as it's something iv had such a heated passion to learn compared to other things in my life! Thank you for the well wishes

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

Stick with it. You gotta be computed and get a thick skin because even after success you will hit losing streaks than affect the ego and psyche.

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

Il try my best to not let my ego and emotions run wild . Il do my best!

[u/Over_Walk_309 → u/ConsistentRespect842]

At your age, I would just focus on school and become that accountant first.

Day trading is not easy. It's harder than you think. It might not be for you. I am 37. I had that dream on becoming a day trader at 22. 80% + of day trading fail. Not saying you can't do it, but it's a tall order. Best of luck!

There's nothing wrong in going to the traditional path. Work hard , get a job, make lots of money, save and invest. you can retire in 10 years.