Better System Trader 241: Trading Market Phases - with Mish Schneider
55 snips
Aug 9, 2024 Mish Schneider, a market phases specialist with MarketGauge, dives into the complexities of current market dynamics. She breaks down the six market phases traders should watch for and shares techniques to identify them. Schneider offers insights on how to tailor trading strategies to different phases, discussing which ones offer protection versus potential profits. She also explores the importance of timing and adapting to market conditions, emphasizing informed decision-making in a world of uncertainty.
AI Snips
Chapters
Transcript
Episode notes
From Teacher to Trader
- Mish Schneider's career began after a divorce and move to Manhattan led her to a job at Merrill Lynch.
- Her experience as a floor trader taught her to anticipate market moves and be decisive.
Beyond Bull and Bear
- Classic bull/bear market definitions are too limiting for floor traders who capitalize on all market conditions.
- Mish Schneider uses a six-phase model to identify more nuanced market opportunities.
Using Moving Averages
- Track market phases using 50 and 200-day moving averages, noting price relative to these averages.
- Focus on transitions between phases for optimal entry points with lower risk.