There is a big difference between the mindset of a trader who has no positions on versus the trader who has capital at risk. The most obvious difference is that the trader who has capital at risk is going to be prone to having an emotional bias.
No trader on earth wants to see a position lose money. Similarly, it is everyone’s dream to put on a position and then watch it magically take off in their favor.
But of course the market doesn’t operate this way. Therefore it’s important to always keep an open mind with regard to future price action. Never get to the point where you think you know what will happen next, because chances are you’ll be wrong.
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