True, I lost some on the Indices and HBs with bad timing. For the last year I’ve been researching and trying to time the credit market crash which is currently happening. See companies like CFC and inflated indices with a very apparent impending correction it has worked really well. If I had gotten myself into options trading the last couple of years I probably would have lost all. It is just like you said gambling but so is blindly playing long. Either way with research and testing you can better the odds a bit in your favor. I’ve been waiting 7 years to make money off of the fact that I can’t afford a home in my hometown of SD. Now is the time to play smart, play hard and maybe get a down payment for the home I will buy in 09-10…. if all goes well that is.