Including any wipeouts, surges, great profit years, etc, what have your annualized returns been trading options and other day trading 'speculative' activity (do not include typical mutual fund investing, long buy and hold style investing to offset your losses here) ? Again, do not offset long gains here with your short term losses. Lets say long gains are buy and holds longer than 1 year. For example (this is an example-not true), I just started trading options, and even though lets say I have a 5mil portfolio thats generally long, lets say I started speculative trading last year with $1mil, and I lost $800k. My annualized loss would be -80%, not -15% (total impact on entire porfolio). I'll post another poll that deals with speculative investing's impact on long term choices.