A trader moved from losing money with discretionary trading to winning with mechanical rules, then amplified those wins using statistical techniques. He argues statistics don't create profits from nothing—they're steroids for strategies that already work, not a fix for broken ones.
I was a discretionary trader. I lost money. I was a mechanical trader that made me profitable, and when I turned to statistical trading, that put me on a podium multiple times. When I was trading mechanical, I was just looking for the tip of the iceberg. What is the difference between statistical trading? Statistical trading doesn't make a strategy profitable. You take a strategy that already works and put it on steroids. That's the big difference, because mechanical asks response to the question: You look at this and you follow always like this. Statistical response to the question. Or you can squeeze your strategy to the limit.
