Two Types Of Traders - My Personal Classification

[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.