Consider the 'pseudo' definitions below:
$A$ is an $n \times n$ matrix
$A$ is $m_1$ if $A^2= I$ (the identity matrix)
$A$ is $m_2$ if $A^2 = A$
Currently, the only type of matrix that is $m_2$ that I can think of is the identity matrix. This would then mean that any $m_2$ matrix is also an $m_1$ matrix, also the definition also implies that an $m_1$ matrix is also $m_2$. Are there other matrices that are $m_2$ but not m1?
Yes, there are many such matrices. These are known as "self-inverse" matrices. I can provide an example:
A rotation matrix $R \in \mathbb{R}^{2x2}$ rotates vectors by an angle $\theta$. The rotation matrix that rotates vectors by 180 degrees is not an identity matrix. It is actually $-I$. However, if you are looking for something more interesting, any 2x2 matrix of the form:
a b
c -a
And where $a^2 + bc - 1 = 0$ is self inverse and not identity. More information can be found on the wikipedia page