Prof's programs are likely managing in the billions. Prof himself is well capitalized, but I don't put billionaire to him as of yet.
To the OP: I believe you asked about traders. Most of the volume on markets is NOT trading volume. Statistics are largely used in the financial industry by those who are NOT trading. The part of the financial industry that deals with trading is the smaller part of the financial industry. Trend trading is a focal point of many traders. these traders fall into two categories: 1. followers 2. others. In the other category there are Predictors, Bettors, Hope'rs, Edge Traders, etc. Following is a lagging proposition. there you see risk and money management. Both are common to most of the "others" as well. For your vantagepoint (that includes stats as you say), you are not going to have a career in trading. Your comments show a cluttered mind has occurred. Now in this thread investing (the 70% unknowly based post) has been mixed in with trading the original subject of the thread. There are many excellent CW styles of trading. They all, collectively, cannot be compared to the market's offer. Many of these CW practioners have been mentioned to you. Trading is also broken into the pro and amateur realms. Temporarily, your career couyld be thought of as proceeding along the lines of the amateur who mistakenly uses stats to bet on her placement of capital. to do this a great deal of risk and money management must occur after a position is betted upon. The art of trading falls largely in the field of "hoping after prediction". Neither work profitably. The big job of the insisive trader is eliminating flaws, anomalies and noise from exisitng, ever. That is not going to happen for you, ever. So, for you, it comes down to shooting the messenger and being happy after that in a somewhat truncated space.
Basically it is how to trade (objective way is math) with using stats to prove the way works in history and math theories. For serious sport players, they also need to use computer (math+stats) to do analysis of their moves and opposites moves. For tennis courts, glasses, sands, those are very small factors comparing to how much the players' skill affecting the game, as I said sport player is 50% of the game, while you as a trader is like 0% of the game.
Your job according to you is to affect price. MY job is to make money, regardless of price. I'm 100% of my game, you are 0% of your game. Works for me.
I can just tell you 100% want to earn money. You are 100% of your game doesn't help you to have higher % to gain money from market because you cannot affect the market with your mind.
You are drowning in your own visions. What is your SPECIFIC plan to score the points to win a game? Be advised I am not looking for your secrets , just challenging to look in the mirror and ask yourself if you even have a clue to what you are blabbing about..
Another TA true believer appears to have bit the dust. not to mention Cornix seems to have vanished also from his TA thread. It all looks great in hindsight, too bad we don't trade in the past. I am impressed austin had the nerve to give it a shot-- this sets him head and shoulders above the "other" TA price action deluded souls on elite who are afraid to take the combine. what jokers! surf