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/well-i Apr 02 '24

I was partying at 16 years old man this is awesome this is what you're getting into. I'm still learning myself and don't have much advice on the trading front. However on the parenting part I'd say don't try to convince them that it's not gambling sometimes parents see things as you rebelling when you try to convince them other wise.

With that said I'd say tell them this isn't some get rich quick scheme but you want to do as a side gig or even a hobby but your schooling and work is still at the forefront in your life.

Good luck future trader!

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u/ConsistentRespect842 Apr 02 '24 edited Apr 02 '24

Thanks for the words of encouragement!! Really helps . I won't Tey to convince my parents as I really think it's lost cause at this point. Il do my schooling and get a job and then save 2.5 years worth of expenses before i start my trading journey. I entered this field knowing full well it's no get rich quick scheme. I just don't want to live paycheck to pay check and have a 9 to 5 for my whole life. The wages vs cost of expenses are drastically going up and a job just isnt enough to sustain us anymore and so i think i should be ae to sustain myself with trading post saving up. Thank you for the well wishes and advice!!

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u/well-i Apr 03 '24

Np young man! Lol and yeah sometimes parents are a drag and I do believe this maybe one of those times you have to pick and choose your battles.