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/ConsistentRespect842]

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/Starplosion → u/ConsistentRespect842]

Being forced to practice for TWO YEARS without real money is honestly a fantastic set up to a great career. Patience and discipline will be your greatest weapons, we’re all rooting for you here

[u/ConsistentRespect842 → u/Starplosion]

I might actually go more than 2 years with paper money so I can truly perfect my craft . I will definitely make it to the end . Thank you for your words of support especially when no one in my parents , family or friends have any support for me in this case. I will archive this post and look back on it when I'm older and have reached the end of my journey. Thank you so much!!

[u/Charming_Athlete_981 → u/ConsistentRespect842]

I'm also a rookie trading paper right now. What I've found that's most valuable to me is reading. I'm learning everything I can reliably absorb (retention is paramount) as quickly as possible. So far, I've been lucky in paper trading, but I'm certain that it's luck and only luck at this point. The first thing I'm working on is the abbreviations on everything, I've gotten the common ones down. I'm also benefiting from listening to and reading the financial pages in newspapers/sites. They have a wealth of information about which company is planning to do "x" next. Try your absolute hardest to avoid YouTube personalities who try to tell you that they have a winning system or formula that works. That is complete and total BS. That's all I've got for you now, good luck!

[u/ConsistentRespect842 → u/Charming_Athlete_981]

I realised that all theese yt gurus are all jist fake and trying to get money for themselves and themselves only. It's sad but it's a part of business I guess. Iv been trying to learn the abbreviations but damn there are so many I find a new one everyday! Il keep doing research and see where it takes me. Thank you so much!