Two Types Of Traders - My Personal Classification

[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.