No reading and praying does not guarantee that everything will be O K.
Try reading Romans 8:28 all things work together for the good of those who are called by God.
Read it again.
All things work together for the good of those called...
Dr All things, the loss of your job, the dog being sick in your bed, your car being stolen while you're at work and you've also lost your wallet and have to walk home. All things work together for God.
Paul wrote I have learnt to be content in what ever situation I am in. Read his testimony, ship wrecked three time, beaten, robbed etc etc etc yet content.
Read Romans 8:28 again
Yes daily reading will help you learn about the Bible, I urge you to adopt read through the Bible in a year, as well as what ever Bible reading scheme you follow. For learning verses, write them out on cards, carry them and use them to practise the memory verse.
Just as kids do in Sunday school repeat, repeat, repeat and read it then again repeated while in the lift, on a train siting in a traffic jam repeat, check it and repeat, repeat, repeat.