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  4. how do you explain trading to family who think its gambling

how do you explain trading to family who think its gambling

Scheduled Pinned Locked Moved Trading Discussion
psychology
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  • S Offline
    S Offline
    skywavee
    wrote on last edited by
    #1

    my parents still ask me 'are you done with the gambling thing yet' even though ive been consistently profitable for 3 years and trading is now my primary income. they cant separate 'trading' from the casino-style image they have of it from movies.

    for anyone whose family eventually understood, what shifted their view? showing them returns didnt work for me (they think i was 'just lucky'). explaining risk management bores them.

    curious if others have found a frame that lands.

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    • D Offline
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      Dean
      wrote on last edited by
      #2

      what helped with my family: comparing it to running a small business. 'i analyze markets, i take calculated positions with defined risk, i measure performance, i adapt strategy'. when framed as 'business operator' instead of 'trader' my parents understood it as work and stopped calling it gambling. semantic but effective.

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      • H Offline
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        harrywalker
        wrote on last edited by
        #3

        +1 on the small business framing. 'gambling' implies random outcomes you cant influence. 'running a quantitative trading business' implies skill, discipline, measurable improvement. same activity, fundamentally different mental model for non-traders.

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        • L Offline
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          Logan
          wrote on last edited by
          #4

          do you tell people you trade for a living or do you say something else? feels embarrassing to say sometimes

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          • D Offline
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            derekwhite
            wrote on last edited by Admin
            #5

            i say 'i run a small private trading business' or 'i do quantitative research on currency markets'. its honest but doesnt trigger the gambling associations. for casual social settings, sounding professional matters because people make snap judgements. for close friends and serious conversations, the full truth is fine.

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            • N Offline
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              northlight
              wrote on last edited by
              #6

              took my mom 5 years to stop worrying about my trading 😅 what eventually worked: consistent monthly income going to my bank account for 18 months straight. she stopped seeing it as risky when she saw it functioning like any other job

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              • D Offline
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                Daniel
                wrote on last edited by
                #7

                your family is right. it IS gambling. some gamblers are skilled enough to be profitable. doesnt change what the activity is. accepting it might help you defend it less.

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                • R Offline
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                  Ryan
                  wrote on last edited by Admin
                  #8

                  thats a definitional argument that ignores the practical difference. yes there's randomness in trading like in business. running a restaurant has randomness too. nobody calls that gambling. its risk management plus skill. labeling it 'gambling' obscures the actual nature of what skilled traders do.

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                  • O Offline
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                    oceanbreeze
                    wrote on last edited by
                    #9

                    the conversation that converted my family: i showed them how i would have lost money if i didn't have specific rules, then showed them what happens when i follow rules. seeing the discipline aspect made them see it as skill not luck. the rules were the proof.

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                    • F Offline
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                      fadedlights
                      wrote on last edited by
                      #10

                      framing. time. consistency. they come around.

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