Hey, congrats to you on this trade. I know that there have to be more times that you pick trades that go south rather than straight up, just the nature of trading. Most day traders lose their shirts. I would be careful with this one, tends to spike quickly, and you can lose a bundle if you guess wrong. I held a long position with QLD all year, and would trade additional shares to make a little extra. Despite the techs rallying all year, the shares that I traded I made far less than the money I made from shares that I held long. The market is tricky, and I admire anyone who has the ability to consistantly outperform it by trading. I figure it is better to do your homework and hold long positions until time to take profits, and if there is a need to gamble, take a week off and fly to Vegas.