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There are, of course, a associated with traders in existence who are applying much cleverer strategies than "Buy and Pray". You may use charts and technical analysis and work their trades on moving averages, Fibonacci lines, Bollinger bands and and much more. They might go short occasionally to make the most of an expected downward move, but the "gambling" element is there - determine which direction the stock will likely move in, and have a position on that account.