I don't understand people who say predicting is a losers game when taking a position in the markets is in fact tantamount to making a prediction. Whether your time horizon is one minute or ten years does not matter, you would not be going long or short if you didn't have a prediction of market direction. I understand that some people may trade volatility, but its still a prediction. In one sense people are correct, predicting is a losers game since most people lose in trading. But lets face it, most of us spend our lives trying to make a crystal ball, in the statistical sense.