Hi Eminitrader, I've found your your thread recently and I've been following ever since. I went back and read as much as I could. Also, ordered a book by Gary Smith (your recommendation). Now you can see the pattern -- a believer -- I think you know what you're talking about. I do not have lot of dough to play with. My 401K is tied with a company who only has 8 mutual funds. My Roth IRA is with Fidelity -- I have control over this. I'm doing very good with this account. I have FOCPX, FLATX, and VDE. FOCPX is dong well. FLATX was up 30% last year (since I acquired it to the end of the year 06). I made 20% on VDE by selling and buying it a couple of times. This year, FLATX is up about 10%, VDE is about 12% up since I purchaged it ( purchase price $82). A non retirement account at etrade has ZRAN and it is up 30% since I purchased it 2 and half months ago. Actually I am doing pretty well -- but I can tell you this that I am just getting lucky so far. Please explain me a few things. What is your real goal? Are we supposed to buy and sell the same day? Or hold for a week -- or for 10% gain? How about a fund which is up 5% and stays there for a while? How long do we wait for? Thanks.