Restriction of No Gambling

[Guest guest]

Dear Madame or Sir;

 

I am a Hare Krsna Devotee and have successfully applied most of the

restrictions of suna, striyah, panam, and dyutam even before becoming Krsna

Conscious. My question is regarding dyutam (gambling). I was hoping a more

explicit interpretation of gambling could be provided. I understand engaging

in casion games, playing lotteries, placing bets on games or the racetrack are

considered gambling. I understand that paying money to win something in return

such as scratch games is another form of gambling. A new sector of gambing has

emerged which is called daytrading. Many daytraders do not investigate and

research stocks and the businesses that own them to make informative decisions.

Instead, many daytraders just look for a trend whether upwards or downwards and

place their trades accordingly to capitalize on the movement of the stock and

get out. Are investors considered gamblers? I invest in mutual funds and have

for a long time. Is this wrong? I am not the type of pers

on who watches the stock market on a day by day basis or watch my mutual funds

go up and down. The small nestegg has come in handy in times of need. Also,

how about daytraders that actually research stocks and make informed decisions.

Are they committing a sin?

 

I would appreciate you clarifying this information. The world has changed,

adding new vices trying to intrigue people in doing wrong. I just want to make

sure I am acting correctly.

 

Mikaela