Topic: Two Types Of Traders - My Personal Classification (Read 395 times)

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

~snip~

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.

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.

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