Since I consider stocks a form of gambling I feel it's appropriate to mention it here. Are many people active traders here? Daytraders? Anyone have their portfolios devastated by recent events?
I always thought stock trading was fun. I dabbled in daytrading and did fairly well. After the market crashed in 08 I only managed to come out even, though. I am 'lucky' enough not to have any spare cash to have invested right now. I would definitely stay away from the market for at least the next few months until things settle down.
Just practice trading the Forex right now. Trying to save some cash to go real next year. One thing I see there is you cannot scalp much. Trying to practice until I can even make $20-30 a night risking $150 or less per trade, IOW $10,000 lots. If I can do that I hope to build over time and get more serious.
I don't like calling the markets "gambling" or "betting." I'd more compare it to sports-wagering and say "wager" or "take a position." Sports betters and stock pickers seem to cross talents.
The Dow numbers for the day only matter if you're buying or selling. I'm doing neither.
I worked in derivatives for years, stock markets panic and those are really good days for traders. They'll never admit it though.