DislikedWell, we just disagree....Ignored
"You can trade profitably by depending on stats alone"
which I have already refuted. More so, your paradigm cannot explain consistency.
The market is not irrational all the time. The point is being able to exploit it when it is rational (the usual case). Fractionalize the market into subsets, you can see that, for example:
Set 1 (Rational) + Set 2 (Irrational) = Market as a whole (Irrational)
An analogy would be: Random number + Known number = Random number
Another point is the relativity of point of view. In one point of view, the market may be irrational, but in another, the same market may be rational. Or one irrational market can cause rationality in another market (looks a bit like reflexivity). The method or key (or maybe someone would like to call it edge) is the technique of setting these point of views, which can be in terms of entry price, entry time or both.
Anyway, this is just some sharing to everyone here. Anyone can choose to believe whatever they are comfortable with.