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.

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[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.

[hd49728]

My Two Types Of Traders Are -

• The Awakened trader
• The Blind trader

Differences between them are knowledge that is basic for everything more. However, only knowledge is not enough and a biggest difference between them in my opinion is patience.

Blind traders can be traders without knowledge but even if they spend time and money to learn knowledge, if they are lack of patience that is important to have discipline for trading, they are still blind traders.

When a trader breaks what they learned and knew, to open orders because of greed and ignore risk, they are blind traders even they have knowledge.

[cryptoaddictchie]

The second one seems to be less effectivr but he could gain or loss in the process without much advantage of the market volatility. Maybe his more appropriate to gambler, mk4 is right about that since he just guessing which direction his spot trade would go. But with a simple ta or knowledge he could predict a plausible movement which has higher rate of success instead.

[AakZaki]

The two classifications of traders describe a beginner in trading. Beginners who don't know anything at all and don't learn about the basics of trading are included in the classification of blind traders because they only make guesses when buying crypto assets, sometimes guessing right but mostly wrong. They risk money on blind trades without any analytical skills.

I fall into the category of traders who wake up from the start of trading. I studied it first so I could understand how the correct pattern is in trading. by studying technical and fundamental analysis I can make predictions to buy and sell, it has become a basic science that needs to be learned.

[Cling18]

My Two Types Of Traders Are -

• The Awakened trader
• The Blind trader

Differences between them are knowledge that is basic for everything more. However, only knowledge is not enough and a biggest difference between them in my opinion is patience.

Blind traders can be traders without knowledge but even if they spend time and money to learn knowledge, if they are lack of patience that is important to have discipline for trading, they are still blind traders.

When a trader breaks what they learned and knew, to open orders because of greed and ignore risk, they are blind traders even though they know.

If you know about trading then you will know how to be patient because you already have an idea about the movement of the market. Awakened traders are experienced traders who have learned from their mistakes and doing everything to learn continuously about trading. Blind traders are those who are always repeating the same mistakes and still don't know how to deal with the market and they are more like gambling and risking their funds all the time.

[Kasabus]

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.

I agree with this. You wouldn’t be a trader if you only trade unknowingly and you rely on random guesses which I think is mostly the case of gambling. Once you become a trader, you already have that knowledge and working strategies that will make you successful in your trades, otherwise you will fall gambling in all your trades and expect more constant losses than gains. Trading is good and profitable, but if you are not aware of what you are doing, then better just stay away from trading.

[palle11]

Trading is good and profitable, but if you are not aware of what you are doing, then better just stay away from trading.

Of course being aware of what you are doing is to understand that you don't need to trade like game and relying on guess work. Trading is more practical than theory which is mainly reading of trading processes but you actually need to trade physically to ensure you feel the experience of live trading which is more of emotional than having demo trading.

[BitcoinPanther]

So @OP is comparing a knowledgeable trader and uninformed pretending to be a trader or more likely a gambler.  I think every trader is informed, and they always do intensive research on everything.  The one who do not do his homework and learn the information in trading isn't a trader at all.  They are just gambler trying their luck in trading.  Without any knowledge this gambling trader will try to trade an item without any idea what they are doing.

The two classifications of traders describe a beginner in trading. Beginners who don't know anything at all and don't learn about the basics of trading are included in the classification of blind traders because they only make guesses when buying crypto assets, sometimes guessing right but mostly wrong. They risk money on blind trades without any analytical skills.

I fall into the category of traders who wake up from the start of trading. I studied it first so I could understand how the correct pattern is in trading. by studying technical and fundamental analysis I can make predictions to buy and sell, it has become a basic science that needs to be learned.

Beginner trader will still do a lot of research, they may have knowledge but lack of experience make them commit a bad mistakes.  But the one(blind trader) @OP stated isn't a trader at all but a gambler.

[DoublerHunter]

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.

I agree with this. You wouldn’t be a trader if you only trade unknowingly and you rely on random guesses which I think is mostly the case of gambling. Once you become a trader, you already have that knowledge and working strategies that will make you successful in your trades, otherwise you will fall gambling in all your trades and expect more constant losses than gains. Trading is good and profitable, but if you are not aware of what you are doing, then better just stay away from trading.

^This means that trading is not meant for everyone, if you are not dedicated to studying and gaining knowledge in trading, you must not be that kind of making money. You should not be a gambler if you have skills in trading. How many people here consider trading a source of living? How do they survive when the market crashed?
However, people think that trading is an easy way of making money which is fact it is not. If you don't have skills in it, it is better to invest in BTC than do trading.

[alastantiger]

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

The awakened trader was once a blind trader who saw the "light". I think this is like the first learning stage of the trading process which everyone must pass through. It is a good observation that the OP has made. I think there is are traders that are stuck in-between the awakened phase and the blind phase of trading.

[Mahanton]

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

The awakened trader was once a blind trader who saw the "light". I think this is like the first learning stage of the trading process which everyone must pass through. It is a good observation that the OP has made. I think there is are traders that are stuck in-between the awakened phase and the blind phase of trading.

Once you dont have the;

-Learning
-Knowledge
-Awareness
-Skills

Then you would be considered to be blind but once you do able to experience on how to deal up with the market on which you would
really be acquiring these characteristics and behavior then you would really be just become awakened one.
Everything do takes a process and its not something that could really be obtained on a short span of time.

[wxa7115]

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.

But only a minority will actually become good traders by following this method, and this is because the newbies which trade the markets without any idea of what they are doing develop bad habits which become very difficult to get rid of.

And even if some of them made the conscious decision to learn more about trading to improve their results, the damage to their trading capital is already done, and recovering the money they have lost while they traded the markets without any clear intent or skill is almost impossible.

[lixer]

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.

But, the activity that they do is still trading. If the activity that they do is gambling, then it's more appropriate to call them a gambler. Those who trade blindly can be a newbie but there is still a chance that they will improve, only if they are serious of earning a profit. If burning money is all what they want then better if they can just play gambling as it's more enjoyable or they can just donate their money to the charity. Needy people are going to be thankful for them.

In trading, there is still a risk. We need to be willing to take risk if we want to make a profit. Buying high is one of the strategy of a pro trader. They will just sell it again at a much higher price or they can Hodl it for a while if the increase won't continue.

[Jawhead999]

In trading, there is still a risk. We need to be willing to take risk if we want to make a profit. Buying high is one of the strategy of a pro trader. They will just sell it again at a much higher price or they can Hodl it for a while if the increase won't continue.

How is buying high is a strategy in trading lol, trading is where you buy low and sell high.

Actually they're not buying high, but they just buy for little money or a peanut for him in order to pump the price, some people also input fake huge amount buy order to make other people think there's a lot demand. When their fake buy order want to get executed, they will cancel it. But it's actually the whale who want to sell huge amount of coin.

[Eureka_07]

<snip>

Sadly, it is not always the case. I can tell that most "blind traders" do not learn much from experience alone, and because of that, they continuously lose their trades.                  

I believe it is necessary for a "blind" trader to awaken himself/herself, not only by experience but also with the help of studying by reading and watching pieces of literature and joining discussions related to trading.

[Wexnident]

Me, who gave up tech analysis and just went DCA'ing Bitcoin. Am I part of the 2nd or the first one? or heck is my method even considered trading in the first place I wonder. Nonetheless, I reckon as long as a trader has "awareness" of what he's doing, I think that should be enough to say that he's a trader. Knowing that a market can go up and down, knowing what coins/assets are in, knowing what to invest and when to invest, simple stuff like that. I'd consider people who do technical analysis and chart readings and stuff like that to be more on the advanced level imo.

trading is like sports betting for them,

It's not "like" sports betting, it is one for them. Was actually this type a few years back, but hey, can't really blame anyone, knew nothing but still wanted to join in on the ride of Bitcoin back then.

[_BlackStar]

In trading, there is still a risk. We need to be willing to take risk if we want to make a profit. Buying high is one of the strategy of a pro trader. They will just sell it again at a much higher price or they can Hodl it for a while if the increase won't continue.

If that's what pro traders mean, tell me about a trader who bought on the dips and waited for the highs to sell.
Being willing to take risks doesn't mean they have to buy high while they have to wait long time for returns as prices drop. But pro traders should be those who know when to buy and when to sell. Usually buy low and sell high, and they are in between those time frames.

I am not pro trader, nor am I gambling with trading. Unfortunately I'm not that interested in trading due to time reasons, and I prefer to invest for the long term and take profit when the target is reached.

[Patrol69]

Those who are basically TheAwakened traders must always observe the matter well before making any trade. They will observe the current state of the market and the previous state and come to a decision whether they should actually take the trade now or not. As a result of trading in this way, they face less losses. But those who are The Blind Trader never do any plan or market observation before taking the trade. They trade based on a spiritual knowledge of their own. As a result of which it is seen that most of the time they lose by trading. Everything has a certain rule, if we follow the certain rules, then it will be seen that the mistakes in our work will be less and the amount of success will be more. So we must be The Awakened trader if we want to profit by trading. Before taking the trade, we must observe the market well.

[goaldigger]

<snip>

Sadly, it is not always the case. I can tell that most "blind traders" do not learn much from experience alone, and because of that, they continuously lose their trades.                                                                                      I believe it is necessary for a "blind" trader to awaken himself/herself, not only by experience but also with the help of studying by reading and watching pieces of literature and joining discussions related to trading.

Losing the money is the easiest way to teach those irresponsible trader, they should experience the worst first before making any progress which is not good especially if you can avoid it in the first place. Being a trader is consider as your job, and in order to succeed you have to do your job correctly but if your focus is not to learn, don’t expect trading can make your rich, there’s no successful trader today that is purely based on their guesses.

[TimeTeller]

<snip>

Sadly, it is not always the case. I can tell that most "blind traders" do not learn much from experience alone, and because of that, they continuously lose their trades.                                                                                      I believe it is necessary for a "blind" trader to awaken himself/herself, not only by experience but also with the help of studying by reading and watching pieces of literature and joining discussions related to trading.

Losing the money is the easiest way to teach those irresponsible trader, they should experience the worst first before making any progress which is not good especially if you can avoid it in the first place. Being a trader is consider as your job, and in order to succeed you have to do your job correctly but if your focus is not to learn, don’t expect trading can make your rich, there’s no successful trader today that is purely based on their guesses.

Definitely right! If they will lose a significant amount of money, that will be their expensive lesson in their trading journey.
Being a trader is not a walk in the park. Before you can say you have more than enough skills to win this journey,
you already have had your fair share of losses. It is not an overnight achievement but years and years of experience.
Learning the ins and outs of tradings would take years as each project has their own set of features and you can't apply it just to any project.

[Adbitco]

Sorry to say this, i may not totally agree with you on this why?
Because The Blind trader, that is blind traders can not be fully classified as blind trade rather we could call them swing trade or weekly traders.
These sets of people doesn't fully focused on the market doing buying and selling as others which you called "The Awakened trader" because they always have and set goals to either make their trading weekly or monthly as the case maybe, but i could say their profits are not often as daily traders being The Awakened trader, the probability to make profits are low and very slime because they often lose mostly compared to regular traders.

Do you know The Blind trader could possibly became Awakened trader?
Yes, this is true because when they become an active daily trader they turns to awakened trader.

[AakZaki]

~snip~

it is very appropriate to be called a gambler, because they only guess without any analysis being carried out. Like when trading futures, just guessing up or down and hoping their guess is right. Some beginners may start learning gradually and lack trading knowledge and experience. when there is enough experience, the ability will also increase.

[Smartprofit]

The awakened trader is, in my opinion, a very idealized image of a trader. 

There is no evidence to support the thesis that excellent knowledge of technical and fundamental analysis, as well as analysis of the news of the crypto industry helps to make the right decisions in trading.  The crypto market is influenced by a huge number of factors, so even a huge amount of processed information very often not only does not help the analysis, but, on the contrary, harms it. 

Another thing is insider information!  A trader who has insider information will always be able to make profitable transactions and make a profit.

[KingsDen]

In other words;

• Good/Experienced/Professional Trader
• Novice Trader

A professional traders is one who controls their emotion, one who enters a trade due to the result of his fundamental and/or technical analysis. A professional Trader knows when to enter the market and when to exit. A professional trader could tell when they are in peppertual lose or gain. He also understands risk management.
WHILE,
A Novice Trader is one who does not consider analysis, or who uses wrong analysis to trade. They gamble in the name of trading and I used to be among this people till I stopped trading actively.
But one thing is that no one is born a professional Trader. It is from Novice that one graduates to a pro.

[maydna]

It is better to be an awakened trader after losing a previous trade by learning to analyze it properly and correctly to recover his losses and make a profit. This is not easy for an awakened trader type as they have to spend more time learning various trading-related things.

That's why before beginners enter the world of trading, they must learn about trading and have analytical skills to reduce the risk of those losses. Blind traders don't want to use their time to learn more because they only want to get profits without having to bother learning, namely by relying on signals from other traders.

[stomachgrowls]

It is better to be an awakened trader after losing a previous trade by learning to analyze it properly and correctly to recover his losses and make a profit. This is not easy for an awakened trader type as they have to spend more time learning various trading-related things.

That's why before beginners enter the world of trading, they must learn about trading and have analytical skills to reduce the risk of those losses. Blind traders don't want to use their time to learn more because they only want to get profits without having to bother learning, namely by relying on signals from other traders.

Impossible for you to remain to be that blind of all the possible mistakes or errors that you would commit along the way.This is something that would unlikely to happen since we do always go after for profits which means
that we would really be giving out some importance for whatever condition that we do able to encounter and it would be part of our common sense that we would really be avoiding the next errors specially if we are already that having the experience on that.It would be that part of your instinct that you would really act against to it since you know that its a losing method or analysis but since this market is unpredictable
then there's no way that each analysis would be 100% precise. One things for sure is that you would really be making yourself wise as long you do proceed further.

[naira]

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.

I am not ashamed to admit that I fall into the category of blind trading. Because in fact, that's exactly what I do when I don't have time to apply the techniques, methods and strategies that are 100% essential for successful fast trading. Calculating probabilities, then applying the strategy actually made me lose points because price volatility increased relatively quickly. A blind trader like me admits that personally, I am not an active trader but only occasionally make entries in bear markets when there are lots of opportunities, obviously instinct works faster to make decisions.

[Fivestar4everMVP]

~Snip~

Calculating probabilities, then applying the strategy actually made me lose points because price volatility increased relatively quickly.

This is where consistency helps greatly, a trader who is consistent and always monitoring the market will only have to continue from where he or she left off, personally, reading charts to me is like reading a book, one can step out, and come back later to continue from where they stopped even though the chart keeps moving, even the market movement that happen while the trader was away, which is recorded in the chart, is another good source for the trader to analyze on to better predict what could happen even in the current market movement.
You though made it clear that you trade occasionally, and I also don't think there is any reason to be ashamed of what type of trader a person is, those who are the awakened traders was once blind, there were not born as awakened traders, so we all have the opportunity to become one if it's what we want

[maydna]

It is better to be an awakened trader after losing a previous trade by learning to analyze it properly and correctly to recover his losses and make a profit. This is not easy for an awakened trader type as they have to spend more time learning various trading-related things.

That's why before beginners enter the world of trading, they must learn about trading and have analytical skills to reduce the risk of those losses. Blind traders don't want to use their time to learn more because they only want to get profits without having to bother learning, namely by relying on signals from other traders.

Impossible for you to remain to be that blind of all the possible mistakes or errors that you would commit along the way.This is something that would unlikely to happen since we do always go after for profits which means
that we would really be giving out some importance for whatever condition that we do able to encounter and it would be part of our common sense that we would really be avoiding the next errors specially if we are already that having the experience on that.It would be that part of your instinct that you would really act against to it since you know that its a losing method or analysis but since this market is unpredictable
then there's no way that each analysis would be 100% precise. One things for sure is that you would really be making yourself wise as long you do proceed further.

But we see that some traders keep making mistakes and repeating them because they don't want to learn more about trading. They expect too much from other people's signals that they forget that trading is only for people who want to profit on their own terms and not depend on others. If they don't realize their mistake, they will lose more and won't be able to make a profit unless they can get lucky because I think luck in trading can come to them.

And suppose we already have sufficient experience and knowledge to trade. In that case, we must hone skills in analysis so that these skills can increase gradually and we will have more opportunities to make a profit. This is not easy because not everyone can follow the process.

[gabbie2010]

<snip>

Sadly, it is not always the case. I can tell that most "blind traders" do not learn much from experience alone, and because of that, they continuously lose their trades.                                                                                      I believe it is necessary for a "blind" trader to awaken himself/herself, not only by experience but also with the help of studying by reading and watching pieces of literature and joining discussions related to trading.

Losing the money is the easiest way to teach those irresponsible trader, they should experience the worst first before making any progress which is not good especially if you can avoid it in the first place. Being a trader is consider as your job, and in order to succeed you have to do your job correctly but if your focus is not to learn, don’t expect trading can make your rich, there’s no successful trader today that is purely based on their guesses.

Personally I started trading as a blind trader unfortunately market dealt with me after series of losing streaks consequently rekted my account, thereafter I changed my mindset to learning how to trade irrespective how long or how far it's going to take me to master it to certain level of earning profits, in as much as there are professional traders who trade for a living why can't I also do so, I had repositioned myself from a blind trader to an reawakened trader though not to a professional level yet but I begin to master the art and developed my own trading strategy which is based both technical and fundamental analysis.

[Kgdktac]

The truth about trading is that it's success is not given to the brilliant of minds or the educated. Infact much learning may breed confusion and add to a person years before mastery. The single most important trait in trading is the traders psyche and it's mastery, it remains true that you don't have to be right to make money from the market. Understanding the probability nature and aspect to trading is your first salvation from interfering emotions. Get a simple system that works and stick to it for years u'll be a master of the trading system, if you continue to learn new systems and strategies then it'll come to pass that after many years your are confused

[Fondarchand]

It seems difficult for a trader to get advantage out of its trading because if a person even does not know about trading and how to manage their strategies so getting advantage become difficult sometimes. The person who is familiar with the strategies, related risk and know about the market position will be profitable. otherwise without knowing anything will make it difficult.

[Crypto Library]

~snip~

Reading the OP's topic, in my case I'm still also a blind trader. Because I have not yet acquired that much knowledge about technical analysis.
But I keep abreast of news and trends and market updates and do my short-term trading accordingly. Since the market often pumps and down based on news, so I am continuing my short-term trading based on that. And here I have accepted that it is not true that I will face profit all the time. But looking at the current state of Bitcoin and its past few years I have also taken up a long-term trading, I don't know if I should call it blind trading or something else.

[Lida93]

One thing about the so-called awaken traders is that, while they are doing their analysis, strategizing and calculating the market on what action to take by then the best positions of the in the market must have gone by and they end up entering late all because they wanted to be sure before entering the market whereas the blind trader has already jumped in blindly at the best spot pulling out better profit than the awakened.
Be you a blind trader or an awakened one as OP categorized them, I believe there are times their patterns favours them it just depends how often they get lucky about it all.

[Russlenat]

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.

Based on my personal experience, everyone started from being a blind trader and end up being an awakened trader. You will create trading mishaps when you are still a newbie but that is understandable since you are starting learning to trade. And as you go on trading and increasing your experiences, you become wise and more strategic, that’s why you are now an awakened trader that knows already how to trade smartly and lessen your mistakes and losses.

[karabiber]

A blind trader is someone with strong manipulation skills. These types of traders have strong followers on social media and choose and trade coins in the market just like they bet. He persuades the masses to buy the coins he said and eventually dumps the coins. These people have nothing to do with technical analysis and news, they just focus on advertising and driving audiences. The awakened trader teaches you how to fish, not how to eat fish. Awakened traders carefully consider each possibility and set a scenario based on the usual outcomes of all. If you intend to stay in the market for a long time, follow the awakened traders.

[South Park]

One thing about the so-called awaken traders is that, while they are doing their analysis, strategizing and calculating the market on what action to take by then the best positions of the in the market must have gone by and they end up entering late all because they wanted to be sure before entering the market whereas the blind trader has already jumped in blindly at the best spot pulling out better profit than the awakened.
Be you a blind trader or an awakened one as OP categorized them, I believe there are times their patterns favours them it just depends how often they get lucky about it all.

You may be overestimating how long it can take for a good trader to take a decision, swing traders may take a few minutes to study the market and take a decision, but when a trade can last for days or even months then to take a few minutes will not make a major difference on the outcomes swing traders will get, and even if taking a few minutes could make a large difference if we were talking about day trading, day traders will adjust and could take a decision in matter of seconds instead.

[milewilda]

One thing about the so-called awaken traders is that, while they are doing their analysis, strategizing and calculating the market on what action to take by then the best positions of the in the market must have gone by and they end up entering late all because they wanted to be sure before entering the market whereas the blind trader has already jumped in blindly at the best spot pulling out better profit than the awakened.
Be you a blind trader or an awakened one as OP categorized them, I believe there are times their patterns favours them it just depends how often they get lucky about it all.

A blind trader could really be ending up always to be awakened one on the time that they would really be making out some or getting the knowledge and experience that they would gain along the way and this what makes them a better trader.Its inevitable but it does depend on how you do gonna take up some things on which you would really be cope up with because there are ones who are really that stuck into learning
because they arent making themselves that able to learn and mindful about their errors and mistakes and this is why they do really get stucked and doesnt improve over time.
This is why it does vary on someone.

[abel1337]

One thing about the so-called awaken traders is that, while they are doing their analysis, strategizing and calculating the market on what action to take by then the best positions of the in the market must have gone by and they end up entering late all because they wanted to be sure before entering the market whereas the blind trader has already jumped in blindly at the best spot pulling out better profit than the awakened.
Be you a blind trader or an awakened one as OP categorized them, I believe there are times their patterns favours them it just depends how often they get lucky about it all.

A blind trader could really be ending up always to be awakened one on the time that they would really be making out some or getting the knowledge and experience that they would gain along the way and this what makes them a better trader.Its inevitable but it does depend on how you do gonna take up some things on which you would really be cope up with because there are ones who are really that stuck into learning
because they arent making themselves that able to learn and mindful about their errors and mistakes and this is why they do really get stucked and doesnt improve over time.
This is why it does vary on someone.

Oh yes, The more we trade is the more experience we earn ourselves and this experience can be converted to knowledge that we can use on our next trades. As long as you have the desire to achieve your goal and the desperation to learn by experience, You will basically learn trading along the way but yeah there's risk to it like losing a bunch of amount of capital before you achieve your first successful aware trade. Most of our first trade are fails because of lack of experience but there's a chance that we have knowledge on how to trade given that we studied before we trade, This means knowledge isn't the only one that can make your trade successful, There are many factors such as experience.

[Rengga Jati]

• The Awakened trader
• The Blind trader

And the Awakened Traders, I am sure, were also the blind traders in the beginning, probably not all but most of them. We know that in order to become a professional and awakened person in the world of crypto trading, we need various processes to go through, starting with continuous learning and experience. Don't think that professional traders never lose and lose money. This is a big mistake, of course, they have been through it and even now they may still be going through periods of defeat when trading. However, what differentiates awakened traders from blind traders is how they react to their trading activities, whether they win or lose. How do they evaluate their strategy and performance during trading so that they can formulate a better strategy and trading accumulation in the future? And how do they respond to losing money while trading, are they able to control their emotions or not?

Dunno but I prefer to call professional traders rather than awakened traders. Maybe because it's a common term. But this term is also unique, it reminds me of anime that has the power of awakening where this power makes a person much better than before based on previous experiences and defeats.   

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

For now, I'm in another category, namely given-up traders as traders and temporarily quitting trading because of several reasons and awareness. 
But hopefully, someday, I can become a professional trader or awakened trader.

[wxa7115]

Oh yes, The more we trade is the more experience we earn ourselves and this experience can be converted to knowledge that we can use on our next trades. As long as you have the desire to achieve your goal and the desperation to learn by experience, You will basically learn trading along the way but yeah there's risk to it like losing a bunch of amount of capital before you achieve your first successful aware trade. Most of our first trade are fails because of lack of experience but there's a chance that we have knowledge on how to trade given that we studied before we trade, This means knowledge isn't the only one that can make your trade successful, There are many factors such as experience.

Just doing something several times does not increase your experience or your skills, I have known many people over the years which gave themselves all kind of goals, and even if I can perceive their enthusiasm they have failed to make any progress over the years and they are still stuck with the same skills and goals.

What they lack is intent, basically they do stuff but they do not even know what they are trying to find out with their actions, making no surprising at all they do not improve as they fail to gain any insight with their actions.

[Altryist]

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.

A blind trader is a temporary phenomenon, because we all know what the simple guessing of the price movement leads to, such trading can only be successful temporarily. I doubt that there are such traders, that is, there are such people, but they cannot be called traders, they are just amateurs who want to try their hand at trading. And a successful trader will always study the fundamental before seriously engaging in this business.

[mvdheuvel1983]

I line your line of thought at OP. However, I wonder which category the holders, day traders, swing traders, positon traders fall into.
What I tend to think is that there is a process or stages to this.
Maybe that is what the OP means. Because you move from one stage to the next on the trading route.
You may be the awakened trader today and the blind trader tomorrow or vice-versa it all depends on your strategy.

[AicecreaME]

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.

I agree.

Even an awaken trader can also make mistakes with his own technical analysis, because we all are doesn't know what's gonna happen in the next movement of the candle. Technical analysis only helps us to have an idea on what might happen next in the price chart, but that doesn't work sometimes so yeah, experience is the best teacher as always.

After all the failures, if you didn't realize something, it means you're not making yourself to accept failures to teach you what you'll do next, and that's why most of the newbie traders kept on losing a lot of money because they are not evolving to something better.

[KupaCrypto]

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.

But most times the Blind traders ends up making profit too, I know of many guess -traders that makes profit , but the issues is since they don't know the rudiments of the trade they won't know when to end the trade and most time it leads to the total loss of the currency,
If I am guess-trading I will bear in mind that the risk of loosing that money is greater and bigger than the risk of making profit so how ever the trade goes it doesn't come as a surprise to me.
But experience as you said matters alot whether you are a blind trader or awaken trader experience will always guide you to an extent on what to do in different situations.

[virasisog]

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.

I agree.

Even an awaken trader can also make mistakes with his own technical analysis because we all are doesn't know what's gonna happen in the next movement of the candle. Technical analysis only helps us to have an idea of what might happen next in the price chart, but that doesn't work sometimes so yeah, experience is the best teacher as always.

After all the failures, if you didn't realize something, it means you're not making yourself accept failures to teach you what you'll do next, and that's why most of the newbie traders kept on losing a lot of money because they are not evolving to something better.

Both could fail because both are dealing with the volatility of the market. The difference is, the awakened trader is more careful and skeptical and the decisions rely on technical analysis while the blind only makes decisions based on his personal view.
Awakened traders and blind traders can make good profits but the awakened trader is just more technical so his decisions have a concrete basis compared to blind traders who only basbaseeir decisions on what he feels.

[deathcode]

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.

I agree.

Even an awaken trader can also make mistakes with his own technical analysis because we all are doesn't know what's gonna happen in the next movement of the candle. Technical analysis only helps us to have an idea of what might happen next in the price chart, but that doesn't work sometimes so yeah, experience is the best teacher as always.

After all the failures, if you didn't realize something, it means you're not making yourself accept failures to teach you what you'll do next, and that's why most of the newbie traders kept on losing a lot of money because they are not evolving to something better.

Both could fail because both are dealing with the volatility of the market. The difference is, the awakened trader is more careful and skeptical and the decisions rely on technical analysis while the blind only makes decisions based on his personal view.
Awakened traders and blind traders can make good profits but the awakened trader is just more technical so his decisions have a concrete basis compared to blind traders who only basbaseeir decisions on what he feels.

It is true that anyone, whether he is a professional trader or a beginner, will always encounter failures and losses.
The difference is that a professional may occasionally make mistakes but only on a small percentage.
Even if something goes wrong some of the professional traders may have better risk management and deal with psychological stress better.
Because professional traders have more experience and flying hours in this matter.

Actually, in my opinion, this is a stage that every trader will go through.
Starting from a beginner to become a professional.
But I think it goes back to individual character and mindset,
do they really take trading seriously or just give up as beginners.