Two Types Of Traders - My Personal Classification

[Fivestar4everMVP]

Based on personal experiences in trading, personal research and observations, ive on my own personal terms, come to the conclusion that, there is two types of trader, and how risky trading be for an individual, depends largely on the type of trader such an individual is..
So without wasting much time, lets dive in..

My Two Types Of Traders Are -

• The Awakened trader
• The Blind trader

The awakened trader is one who took their time to study all that there is to trading, including the rudiments, intrics and mechanics, they can read charts, they can effectively do technical and fundamental analysis, they know how important news drives the market and they follow news bumper to bumper.
I personally will chose to see trading as an art rather than science, art can be mastered, and so is trading, those who master the art of trading, we call them professional traders, trading is their profession, this is how they carter for themselves and their family, they are the awakened type of traders, there are very few traders in this category.

The blind trader on the other hand, are traders who guess-trade, they buy Bitcoin, not because they are sure it will go up in the next minute, but because they are hoping/guessing it will, some times, they guess right, but other times, their guess is wrong, trading is like sports betting for them, it is BUY vs SELL playing the match, they watch out for which side other people are contributing more to, are more people buying?, they will buy(FOMO), are more people selling, they will sell(FUD), they lack the will power to make there own original decision and stand by it, this is because they are not even sure of what they are doing, they are just guessing the market, this type of traders are the blind traders, there are very many traders in this category...

To upcoming traders, which category do you want to belong? its your decision to make.

[milewilda]

A blind trader would really be ending up on being that awakened trader.  It all matters on the experience that they would encounter and those initial thoughts and believe on mind will really be swept
away and they would really be having that other approach on the time that they had gained up sufficient experience through different trading encounters.Sooner or later you would really be realizing off those things.
From blind to awaken which it would be the most common case to happen where it isnt surprising that you would really be more better when you do realize up things along the way.
If you are really that liking not to progress yourself then you would be sticking into your common methods until your do realize that it is pointless to continue on this way.

[Finestream]

A blind trader would really be ending up on being that awakened trader.  It all matters on the experience that they would encounter and those initial thoughts and believe on mind will really be swept
away and they would really be having that other approach on the time that they had gained up sufficient experience through different trading encounters.Sooner or later you would really be realizing off those things.
From blind to awaken which it would be the most common case to happen where it isnt surprising that you would really be more better when you do realize up things along the way.
If you are really that liking not to progress yourself then you would be sticking into your common methods until your do realize that it is pointless to continue on this way.

That is what really happening to most of the newbies out there. Either they end up quitting or they continue trading and become awakened traders because of their past mistakes and losses that made them stronger as traders. Also, for those who really want to chase over their losses, they don’t have choice actually but to change their mindset and adopt new skills and working strategies that will make them successful and profitable in the future.

[Viscore]

A blind trader would really be ending up on being that awakened trader.   It all matters on the experience that they would encounter and those initial thoughts and believe on mind will really be swept
away and they would really be having that other approach on the time that they had gained up sufficient experience through different trading encounters.Sooner or later you would really be realizing off those things.
From blind to awaken which it would be the most common case to happen where it isnt surprising that you would really be more better when you do realize up things along the way.
If you are really that liking not to progress yourself then you would be sticking into your common methods until your do realize that it is pointless to continue on this way.

Traders should aim for profits and not the other way around. So if they see they are in constant losses, that will make them think that there’s something wrong with how they trade. And that will serve as their eye opener that trading is always hard especially if they trade blindly. If they want to make profits and prosper in trading, the best way is to change their trading approach, and resort into being awakened traders that are now more capable to attract more profits and trading success.

[libert19]

The awakened trader is one who took their time to study all that there is to trading, including the rudiments, intrics and mechanics, they can read charts, they can effectively do technical and fundamental analysis, they know how important news drives the market and they follow news bumper to bumper.

I wouldn't say that 'awakened traders' are all-knowing guys but rather they know technique that works for them and stick to it. Also the trader ain't the one who is always right but the one who knows when to quit a trade and knows how to preserve the capital.

[blockman]

Many are still blind traders and they don't evolve into awakened one because they don't want to as they are having a hard time accepting their losses and are easily triggered by the FUD and bad news in the market. They still rely on their emotions for their trades and doesn't see the lessons that should have been taken by them because of the losses that they've made. But the soon that they get to realize and analyze their situation, gradually they'll also be awakened.

[mk4]

What you pretty much described is a trader, and a non-trader; because I really wouldn't call the second classification by your description a "trader" — what you've described in the second part is pretty much just a gambler.

[bettercrypto]

Based on personal experiences in trading, personal research and observations, ive on my own personal terms, come to the conclusion that, there is two types of trader, and how risky trading be for an individual, depends largely on the type of trader such an individual is..
So without wasting much time, lets dive in..

My Two Types Of Traders Are -

• The Awakened trader
• The Blind trader

The awakened trader is one who took their time to study all that there is to trading, including the rudiments, intrics and mechanics, they can read charts, they can effectively do technical and fundamental analysis, they know how important news drives the market and they follow news bumper to bumper.
I personally will chose to see trading as an art rather than science, art can be mastered, and so is trading, those who master the art of trading, we call them professional traders, trading is their profession, this is how they carter for themselves and their family, they are the awakened type of traders, there are very few traders in this category.

The blind trader on the other hand, are traders who guess-trade, they buy Bitcoin, not because they are sure it will go up in the next minute, but because they are hoping/guessing it will, some times, they guess right, but other times, their guess is wrong, trading is like sports betting for them, it is BUY vs SELL playing the match, they watch out for which side other people are contributing more to, are more people buying?, they will buy(FOMO), are more people selling, they will sell(FUD), they lack the will power to make there own original decision and stand by it, this is because they are not even sure of what they are doing, they are just guessing the market, this type of traders are the blind traders, there are very many traders in this category...

To upcoming traders, which category do you want to belong? its your decision to make.

Blind trader I think is not a real trader. It is because according to your explanation this trader you are talking about is very clear gambler who is willing to take riks in it. A true trader is not like that, if you buy at a high price and then sell at a low price, that is not called a trader. Unless it falls by 30$ from its 100$ price, then I can say that you can sell it at a loss because we don't know when it will recover to its original value.

Because they may only think of themselves as traders but the only basis is just a guess or just let it be, you are called a gambler then.

[Oshosondy]

I am always surprised some people say that people should write down their mistakes, but trading is not like that, you should know all offhand. You trade and you have the experience.

this is how they carter for themselves and their family, they are the awakened type of traders, there are very few traders in this category.

Depend on other things, do not depend on trading to feed your family.

I am not new in trading, I was not a blind trader, but I did lost money when I started trading, to be a professional trader is not a day job.

[Mpamaegbu]

I am not new in trading, I was not a blind trader, but I did lost money when I started trading, to be a professional trader is not a day job.

Every trader loses money, inclusive of profitable ones. I used "profitable" instead of professional because I believe profitable traders last longer in the business than professional traders. Both make money but one outlasts the other in the business. I've read about certain professional traders who later got wrecked. Sometimes professional traders get carried away by their wins and become too arrogant and mindless of their trading plans. Once that happens, it often leads to burnt or wrecked account. Again, we've to remember that it's not true that there aren't traders who make a living solely from their trades and depend on doing some other businesses. There are traders like that, only that the number is infinitesimal.

[Oshosondy]

Again, we've to remember that it's not true that there aren't traders who make a living solely from their trades and depend on doing some other businesses.

It is not about it is not true, there are some things newbie traders need to figure out themselves. Telling newbie traders to let them be thinking of trading as a way to make a living will only create a bad mindset for the newbie traders from the beginning and a means they can lose more than they can they think. If a trader is making money from trading, there are some things that will come his mind by that time.

[el kaka22]

When a market got lots of manipulators, your all analysis will never help you to make profits. So, regardless of your efforts on studying the market sentiment, you will become a 'blind trader'. These days, every market is controlled by whales and you cannot escape unless you keep your targets and stoploss small. It means you may get chances to make profit within the manipulations but not per your analysis.

In my experiences, no trader can remain as awakened trader all the times but can escape from not being a blind trader by understanding the patterns of whales' manipulations. I mean these days we need another kind of analysis to spot out whales' actions to secure out status of being a profitable trader.

[Jody.Drummer]

The awakened trader is one who took their time to study all that there is to trading, including the rudiments, intrics and mechanics, they can read charts, they can effectively do technical and fundamental analysis, they know how important news drives the market and they follow news bumper to bumper.

I wouldn't say that 'awakened traders' are all-knowing guys but rather they know technique that works for them and stick to it. Also the trader ain't the one who is always right but the one who knows when to quit a trade and knows how to preserve the capital.

They are people who are willing to learn to know everything there is to know in trading. Of course they won't be 100% right either, but it is traders like that who will become highly skilled traders in the future. As said they know when they have to do something. Meanwhile, traders who only guess and guess where the price will go, I prefer to call them gamblers, because every trader must have knowledge about it. The reason is, if you just guess, everyone can do it very easily, and the results will be correct if they are lucky, and lose if their guess is wrong.

[Johnyz]

Blind trader is not a real trader, if you execute your order with your guess most probably you gamble that money.
Trader should always depend on their own analysis, you might still need a luck in trading but of course you should not depend on that.
Newbies or beginners should go on the process of learning how to trade because there is no shortcut for that, it takes a lot of sweat and sacrifices but if you are more willing to learn you can achieve it. Trading is fun and profitable once you master it, don't waste your money and time by just guessing.

[Mpamaegbu]

Again, we've to remember that it's not true that there aren't traders who make a living solely from their trades and depend on doing some other businesses.

It is not about it is not true, there are some things newbie traders need to figure out themselves. Telling newbie traders to let them be thinking of trading as a way to make a living will only create a bad mindset for the newbie traders from the beginning and a means they can lose more than they can they think. If a trader is making money from trading, there are some things that will come his mind by that time.

Well, as a teacher I like to tell my students all there's to what I'm teaching them. I let them know the facts from the beginning and not hide anything from them. If I know of a trader I can cite as an example who is earning well at the time I'm teaching them I don't think it's good not to let them know of it. For me, it's a no holds barred situation when it comes to knowledge. So, are you saying newbie traders shouldn't be told that there are traders who live on trading because you don't want them to start thinking they too can achieve that height that early? I believe not laying it bare will even limit the potentials of the newbie traders.

[armanda90]

Its seems I am in blind trader due less analyze about Bitcoin or altcoin price before trading, but I don't hype when trading in cryptocurrency and have little research about when support price and waiting until reached lower price. I don't think with blind trader always fault due they only entry when having right time with Bitcoin or altcoin at lower price.

I don't sure have been expert and become awakened trader where active analyze and make any research because whale have important thing for Bitcoin and altcoin going drop, we can make chart and doing research day by day but when bad news coming price will drop drastically without unpredictable.

[palle11]

Based on the terms of OP, I want to simply say that it is blind trader that will give rise to awakened trader. It is the state of blindness that will make you want to wake up from your mistakes. A scenario of a blind person seeking for sight is handy here. If you are blind, you will wish that you get sight so we won't leave out passion here. Your passion is a contributing factor that will keep you going but if you lack passion then a blind trader will one day give up just like every other endeavour in life.

[pawanjain]

It's basically the one who knows all and the other who knows nothing. Obviously everyone would want to know all and would chose to be the awakened trader as you call it.
But the journey to be the same is where most give up and eventually fall into the second category.
It requires hard work and patience which is not present in many of them. This is why most of the traders eventually gamble their trades.

[jrrsparkles]

So I would fall under blind category based on your classification because as a long term trader I don't do technical analysis but strong with fundamental cause only trading bitcoin for long term and knowing/hoping it will rise in the next cycle and so on.

I am not gambling and blindly hoping to rise in the next minute, I am just saying I will hold until it rises so where I should be whether in first one or second one? Or better to have something in between them like intermediate trader.

[goldkingcoiner]

Based on personal experiences in trading, personal research and observations, ive on my own personal terms, come to the conclusion that, there is two types of trader, and how risky trading be for an individual, depends largely on the type of trader such an individual is..
So without wasting much time, lets dive in..

My Two Types Of Traders Are -

• The Awakened trader
• The Blind trader

The awakened trader is one who took their time to study all that there is to trading, including the rudiments, intrics and mechanics, they can read charts, they can effectively do technical and fundamental analysis, they know how important news drives the market and they follow news bumper to bumper.
I personally will chose to see trading as an art rather than science, art can be mastered, and so is trading, those who master the art of trading, we call them professional traders, trading is their profession, this is how they carter for themselves and their family, they are the awakened type of traders, there are very few traders in this category.

The blind trader on the other hand, are traders who guess-trade, they buy Bitcoin, not because they are sure it will go up in the next minute, but because they are hoping/guessing it will, some times, they guess right, but other times, their guess is wrong, trading is like sports betting for them, it is BUY vs SELL playing the match, they watch out for which side other people are contributing more to, are more people buying?, they will buy(FOMO), are more people selling, they will sell(FUD), they lack the will power to make there own original decision and stand by it, this is because they are not even sure of what they are doing, they are just guessing the market, this type of traders are the blind traders, there are very many traders in this category...

To upcoming traders, which category do you want to belong? its your decision to make.

I think there is also the category of the Pseudo-Trader. He did not actual study the fundamental or technical analysis but proceeds with his own thought-out strategy which is purely based on coincidences or fake analysis from influencers who pretend they know how to trade.

Myself, I studied as much as I could and continue to study to this day. But really, its not something you can learn but something you have to also experience in order to learn. Which explains why I lost so much money trading as a newbie. But now I see that lost money as education fees.

I would say that its definitely better to learn this stuff from a reputable source.