Disliked{quote} How deep is deep? I would suggest the procedural approach that you are proposing for achieving profitable trading has a number of shortcomings. 1. The basics - Basic information is of course necessary but one problem recently mentioned in this thread was that so much of the information out there is just noise. Information that is irrelevant, misleading or downright wrong just frustrates and confuses rather than educates. You only need to spend a few hours on the Rookie Talk section of this forum to realise that confusion, even about simple...Ignored
Thinking is crucial. One should think of ways to obtain valid information. Thinking can be intense in developing various skills to handle trading strategically, operationally and emotionally. Practice and improvement is a loop that only works with active thinking.
What I saw along the way of discussion is WHAT to think being the major argument here.
You can read my posts and know I focus on execution and system development to approach trading. TBH I didn’t know there was a “red news” until I saw the big candle earlier on GU. My attention is to seize the opportunity to reap profit that lasts for minutes if not an hour or two. In my way of trading, it is really not that important to know world news.
I see posters here claiming some SPECIFIC deep knowledge must be learnt. However depending on the approaches to trading most if not all things are OPTIONAL. Looking at the opposite side, one may find my effort in applying statistics and learning coding “useless” and “unnecessary” because they do not apply these in their trading styles.
All I want to bring out is learning is a must and thinking is a required skill. Just that not interested in particular topics does not mean choosing to be stupid or not willing to learn, which is the message I (and others) can get quite clearly in previous posts.