Be Wary...that is the Traders Edge

When one is young, and sharp, and a learner...the notion is that someday one will be supremely knowledgeable, be able to be the font of wisdom..ya..kinda the "Carnack the Magnificant" of Johnny Carson fame....the problem is that in the markets it does not work that way...the key is always to be on edge..to be wary...to never assume...to always be wondering...and that is the essence of the stress...and the success of the successful trader...as soon as one thinks one has the formula...knows everything...or is just a little complacent....all hell breaks out..and devastation comes shortly thereafter...make a note of it.