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There are, of course, a regarding traders out in the open who choose much cleverer strategies than "Buy and Pray". May use charts and technical analysis and work their trades on moving averages, Fibonacci lines, Bollinger bands and so forth. They might go short occasionally to cash in on an expected downward move, but the "gambling" element is there - choose which direction the stock probably will move in, and have a position on that foundation.
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You then profit if ever the stock moves up. And you profit if ever the stock moves down. And can usually bank your profits in a question of days, as you can be trading on volatility here, which means large moves in a quick timeframe.
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