Speculation is the practice in which the speculator is engaged in risky purchase of stock without the intention to maintain it, in an attempt to profit from price movements in the shortest time possible. Wall Street stock market is the largest stock market in the United States of America and the world in terms of turnover and market capitalization. In this paper, we are going to investigate speculation and gambling strategies on earnings management of New York Stock market during the years 2008-2014. The purpose of this paper is to investigate speculation and gambling strategies on earnings management. In this paper, we have investigated earnings management in member companies of the Wall Street stock exchange. This study is carried out using speculation and gambling variables on earnings management. Among the variables, gambling has shown an inverse relationship on earnings management.