Jagan, IMO, a true professional is the one who is always on the top his/her field, keeping him/herself up-to-date with latest happenings in the field, keeps sharpening the skills and has never ending drive to excel in the domain.. More they know of the subject, more they realise that how little they know of it..
But their purpose of reading changes with time..at the initial stage as a trader when we are focusing on getting the basics right, finding rules and strategy that suits us a trader are more important..., at later stage we are focusing on keeping ourselves up-to-date with current market conditions, techncial analysis, new ideas to make money and develop new systems to meet different goals.. In real sense, once u have found a system the suits you and you are able to execute it perfectly, than trading becomes boring. If one stops there, than as a true professional the trader is not developing anymore.. He has limited himself (there is nothing wrong in it if that is what trader wants). But if one has strong urge to improve oneself, than it is not just trading, but that person will never give up on reading in any other profession as well.
I have read lot more about trading and investing than what I read about my PG subject.. but still I pick up new books when time permits and try to find something new. Lot of my reading is gradually transferring to other domains like psychologoy/ brain tuning/ economics/ macro economics/ inter-market relationship / searching for new investment ideas and then collecting data so that I can develop system/set rules to exploit the opportunity. As you mature in the subject, I must accept the fact, it becomes difficult to gain and new input. When reading a 200 page book, at the start of trading career,100% of this was new, but if today a book can give me anything more than 15to20% new stuff, it is worth investing my time in that. Ofcourse, due to improved maturity in subject, news books will not need so much time to read and hence one can skip and focus on required chapters.
That is my view on any Professional Person irrespective of their field. Otherwise, to make living thru trading, one profitable system and ability/mindset to perfectly execute that is more than enough.
Hope this helps.
Happy Trading
But their purpose of reading changes with time..at the initial stage as a trader when we are focusing on getting the basics right, finding rules and strategy that suits us a trader are more important..., at later stage we are focusing on keeping ourselves up-to-date with current market conditions, techncial analysis, new ideas to make money and develop new systems to meet different goals.. In real sense, once u have found a system the suits you and you are able to execute it perfectly, than trading becomes boring. If one stops there, than as a true professional the trader is not developing anymore.. He has limited himself (there is nothing wrong in it if that is what trader wants). But if one has strong urge to improve oneself, than it is not just trading, but that person will never give up on reading in any other profession as well.
I have read lot more about trading and investing than what I read about my PG subject.. but still I pick up new books when time permits and try to find something new. Lot of my reading is gradually transferring to other domains like psychologoy/ brain tuning/ economics/ macro economics/ inter-market relationship / searching for new investment ideas and then collecting data so that I can develop system/set rules to exploit the opportunity. As you mature in the subject, I must accept the fact, it becomes difficult to gain and new input. When reading a 200 page book, at the start of trading career,100% of this was new, but if today a book can give me anything more than 15to20% new stuff, it is worth investing my time in that. Ofcourse, due to improved maturity in subject, news books will not need so much time to read and hence one can skip and focus on required chapters.
That is my view on any Professional Person irrespective of their field. Otherwise, to make living thru trading, one profitable system and ability/mindset to perfectly execute that is more than enough.
Hope this helps.
Happy Trading