Information and knowledge can only take you so far in life and in trading. Everything has a saturation point where “more” stops being better, and this is very true in trading. You can hit a mental saturation point in trading, this is the point where you’ve absorbed all the trading theory and knowledge that you need to trade effectively, and by taking in more knowledge / information / training beyond this point you are actually hurting your chances of trading success. Think of your brain like sponge, a sponge can only hold so much water before it gets saturated, and once it’s saturated there’s no point in putting more water into it…you need to start using what’s inside the sponge (your trading knowledge) instead of pointlessly trying to pump more into it.
Knowing what the latest Non-Farm Payrolls numbers are (I have no idea what they were and I don’t care) is not going to help you become a successful trader. Knowing ten different trading methods isn’t going to help you either. Over-analysis is a very real and dangerous condition that dooms many trader’s careers because it causes them to second-guess themselves too much and question everything they do, unnecessarily. This condition is present in many other professions as well, not just trading. It’s why all great athletes regularly consult with psychologists, especially golfers and tennis players where the prize money is huge.