The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I'm neither of the two because if you're a futures trader, there's always an opportunity whether the market goes up, or goes down.
The first type that you shared is something that I don't recommend traders are doing because it's like, whatever the case is, hold the token you bought, or the position you're into and whatever happens, stick to it. When you're a trader, always, always learn how to make a stop-loss and take-profit. Trust me when I say that the stop-loss feature has helped me multiple times already, and if only I didn't put a stop-loss on my position, I might've lost more money already.
As for the 2nd type, that's applicable when you're a spot trader because you will only make trades when the market is going up.