Some people are looking to make big money. Some people are interested in big drama. Those who want big drama like the second kind of graph.
They try and swing for fences, blow up and then again go up. Their need for drama is more important than need for profits.
Objective of trading for me is to make explosive profit and keep it. The objective is not to ride a roller coaster. Personally I want smooth returns without much drawdown and without aggressively using margin.
To have good returns with minimum drawdowns you need to approach trading problem differently. One of the reason why most traders ultimately become swing trader (this has happened for 100 year or more) is to manage drawdowns.
Swing trading concept is based on avoiding drawdowns and yet capturing the fat part of the move.
Swing trading is a template for extracting money out of the market with small drawdowns. If you marry swing trading with momentum you can get explosive returns. If you marry swing trading with growth investing you can get explosive returns. If you marry swing trading with value investing you can get explosive returns.