i would recommend you focus on ignoring fundamental data and focus purely on statistical analyses, thereby using price, volume, econometrics on price data and probability theory to extract profits from the markets.
I disagree. Could you let me know why you believe this is a terrible idea? There are many successful funds using strategies within this category to generate alpha. Trading and investing is not easy, if you had to thoroughly learn all the different fundamental or statistical approaches to pulling money out of the market you still not guaranteed being consistently profitable.
This is terrible advice. I know, I tried.