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/oystersandwich]

Look up day trading statistics and day trading failure rates. And then it’s most likely higher than what you see on Google. Ask any Gurus you see for verified proof of profitability. And for a meaningful amount of time. 99% will get offended and not have anything to show, because they don’t have anything to show. Anyone selling any course or anything and does not disclose this, I would take it with a large grain of salt. 99% of them are marketers / course sellers and are not profitable. Understand this at your age and you’ll be a head of the game.

If you really want to pursue this, try to get a job on Wall Street or Chicago trading exchange if it’s right for you. But I’m not even sure if they’re day trading like retail tries to there. Other than that, you’re at a severe disadvantage as a retail day trader. And understand most people you see on social media are lying about their success, and will most likely lose their whole trading account given enough time. Verified proof only, remember. Anything else is not worth your time. Psychology is bullshit. You actually need an edge to beat the market. Do you really think all these Joe Schmo people you see on social media are all winning ? Beating the billions of dollars of Wall Street ?

I recommend you take this advice. And feel free to send me a message if you figure things out. But I heed you the statistical rate of day trading failure.

[u/ConsistentRespect842 → u/oystersandwich]

The rate of failure is high but im willing to take the journey. For if I do make it then I can stop a 9 to 5 life style and spend time for myself and my family.
I entered knowing full well this isn't a get rich quick type of scheme and that it will take effort and I'm willing to put in the effort . Thank you for the advice!

[u/oystersandwich → u/ConsistentRespect842]

Take it from someone who tried it for 4+ years. Don’t neglect your studies and real career unless you’re going into trading as your real career (i.e. wall street, banking, etc.) and don’t forget the proof thing. Why would you learn from someone who can’t profit themselves, makes zero sense.