One quick glance at the daily volume of Amazon.com reveals that the limited number of shares in the float are often changing hands several times in the same day. This can hardly be called investing.
Concerns that daytrading can turn into an addictive form of gambling have prompted the New Jersey Council on Compulsive Gambling to publish a list of 10 questions that will help traders figure out whether they are investing or gambling. If you’re starting to worry that you’re spending too much time trading or think you could be in over your head, you might want to check out the questions. The list is available at the Council’s Web site.