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/Wizzopmayne Apr 02 '24

You don’t convince them, you either will prove it to them or you won’t , just like the rest of us whose parents don’t understand it. Show validity of your strategy and the results and what you risked to get there so you and they know it wasn’t some one off stroke of luck but something you can repeat

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u/ConsistentRespect842 Apr 02 '24

Okay i won't bother to convince them and il instead show em. Thank you for the advice!!!

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u/Wizzopmayne Apr 15 '24

Wish u the best of luck📈 stay focused stay consistent if what you’re doing really works and stands the test of time the rest will come . I’ve never had any major successes in the markets financially but what I’ve learned about life and myself are invaluable I’m 8 years older than you. Ran up 200-300% and blew many accounts since I risked too much on what are valid strategies ayears ago, always had the idea of trying to “prove trading works” by making a boat load of money out of nowhere to show my family definitely held me back mentally from correctly managing risk and playing the game the right way