Linda Raschke on Studying Price Behavior Using Models
Linda Raschke has been active trader since 1981. Her career started when she was on the floor of the Pacific Coast Stock Exchange as an options market maker. She’s since then traded for many hedge funds. She started hers in 2002, which was ranked 17 out of 4,500 hedge funds by Barclays Hedge for the best 5 year performance.
Linda discusses adapting to environment changes and other topics such as studying price behavior using models. She also gives some useful advice to younger traders.
What’s Covered in This Interview:
- How to adapt to environmental changes, including Linda’s experience trading over many markets throughout her career.
- How Linda understands that as a trader, she never stops learning and progressing, even after 35 years in the business.
- Linda’s advice on why it’s really important for traders to find their own way, even going as far as not taking advice from other traders.
- What traders’s first steps should be so they can become really familiar with a new market.
- Linda’s discussion on whether intuition and instinct have contributed to her success in any way.
- The question of whether confidence or success comes first. Is it you’re successful because you’re confident, or you become confident because you’re successful?
- Linda’s objective on waiting on a big money flow, and not to force anything, particularly since 80% of your profits from 10% of your trades.
- With the notion that 80% of your profits are likely to come from 10% of your trades; Linda shares her objective of waiting for big money flow, and not forcing anything.
- How you can use models to study prive behavior.
- How Linda uses her findings in live trading scenarios
- Linda’s advice to young traders.
Links and Resources:
- LindaRaschke.net – Linda’s personal website. You can see all the articles she’s written and books she’s been featured in.
- Linda on MoneyShow.com – A bunch of videos Linda did for MoneyShow.com.
- Day Type, Taylor Trading, Trade Location, More – One of the many webinars Linda’s done for Big Mike Trading.
- Volume/Price Relationship – Here’s another webinar Linda’s done.
