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Linda Bradford Raschke is a highly respected trader known for her disciplined approach to the markets. She's a master of risk management, always keeping a close eye on her position sizing.
Raschke's trading strategies are built around her ability to recognize and capitalize on market trends. She's a trend follower at heart, always looking for opportunities to ride the waves of market momentum.
One of the key performance cornerstones of Raschke's trading is her emphasis on maintaining a high win rate, which she achieves through careful trade selection and risk management.
Early Life and Career
Linda Bradford Raschke began her professional trading career in 1981 as a market maker in equity options on the Pacific Coast Stock Exchange.
She later moved to the Philadelphia Stock Exchange, where she became a registered Commodity Trading Advisor in 1992. This marked a significant milestone in her career, as she transitioned from being a market maker to a registered CTA.
Linda has traded for over 40 years, with a career spanning multiple decades and various roles in the financial industry.
Early Life
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Linda Raschke's early life was marked by a strong interest in the stock market, which led her to spend her early 20s hanging out at the Pacific Stock Exchange, networking with traders and watching how the market moves.
She began her career as a member of the Pacific Stock Exchange, trading on the Philadelphia Exchange, where she became a registered Commodity Trading Advisor.
Her early career was a stepping stone to bigger things, including founding LBR Asset Management.
Linda has traded for several hedge funds and ran commercial hedging programs, demonstrating her versatility and adaptability in the financial industry.
The Professional Journey
Linda Bradford Raschke's professional journey is a testament to her hard work and dedication to the trading world. She began her career in 1981 as a market maker in equity options.
She was a member of two exchanges, the Pacific Coast Stock Exchange and the Philadelphia Stock Exchange. Her experience on these exchanges laid the foundation for her future success.
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Raschke became a registered CTA (Commodity Trading Advisor) in 1992, marking a significant milestone in her career. This designation allowed her to trade on behalf of clients and manage their investments.
She has traded for several hedge funds and ran commercial hedging programs. Her expertise in technical analysis and swing trading has earned her a reputation as a leading trader.
Raschke's work ethic and passion for trading are evident in her ability to trade through even the most challenging market conditions. She has traded through bull and bear markets, trendless markets, high and low volatility, and trading pits.
Here's a breakdown of her career milestones:
Raschke's dedication to her craft has earned her a place among trading legends. Her expertise and experience continue to inspire and educate traders around the world.
Fun Fact:
Linda's approach to managing money is so effective that she has managed money for hedge funds and individual investors alike. She has a proven track record of success that has earned her a reputation as a skilled financial expert.
Trading Strategies and Philosophy
Linda Raschke's ability to perceive patterns in the market is a crucial skill for her trading success, which she attributes to her involvement with music.
She emphasizes that formal education isn't necessary to be a skilled trader, citing her own experience working with traders who didn't have a traditional background.
Raschke believes that only short-term price swings can be predicted with precision, and she's a strong believer in chaos theory.
To learn the market, she advises immersing yourself in the world of trading and getting as close to successful traders as possible, even considering working for one for free.
Linda's own education includes an MSc from Heriot-Watt University and a business administration degree from the Norwegian School of Management.
She has worked as an auditor and has a strong background in business, which she believes has helped her in her trading career.
Cornerstones of Performance
Linda Bradford Raschke believes that pattern recognition is key to her trading success, an ability she attributes to her involvement with music.
Her approach emphasizes the importance of short-term price swings, which can be predicted with more precision than longer-term forecasts. According to Raschke, the accuracy of a prediction drops off dramatically, the more distant the forecast time.
Attitude is also crucial for achieving peak performance in trading, as it determines how you deal with adverse situations that inevitably occur in the markets.
Raschke's own background is impressive, holding an Msc from Heriot-Watt University, Edinburgh, and a business administration degree from the Norwegian School of Management.
To become a skilled trader, Raschke recommends immersing yourself in the world of trading and giving up everything else, while also getting close to other successful traders to learn from them.
Market Maker and Option Trader
Linda Bradford Raschke started her career as a Market Maker and Option Trader, honing her skills on the exchange floor.
She took the first major step in her career by transitioning from making markets in options to executing larger-scale trades.
This marked the beginning of her journey as a professional trader, where her capacity for swift decision-making and her intuitive grasp of market dynamics became evident.
Raschke's experience on the exchange floor laid the foundation for her future success as a trader.
She later moved on to focus on commodities and futures, a significant shift in her trading strategy.
Sources
- https://en.wikipedia.org/wiki/Linda_Bradford_Raschke
- https://www.quantifiedstrategies.com/linda-raschke/
- https://market-bulls.com/linda-bradford-raschke/
- https://www.linkedin.com/pulse/spotlight-linda-bradford-raschke-trading-pioneer-vcg-markets-a0fhf
- https://www.daytradingbias.com/linda-bradford-raschke-trading-as-a-game/
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