Linda Bradford Raschke is an American trader focused primarily on commodities and futures. She is the president of LBR Asset Management as well as LBR Group. She was the first woman to be interviewed by Jack Schwager in his Market Wizard series (New Market Wizards).
Linda has been involved in the financial markets since her early childhood. Her father was a trader — but not a successful one. She helped her father scan stock charts for patterns.
Linda Raschke’s early life and career
In her early 20s, she would hang 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 becomes a registered Commodity Trading Advisor. Later, she founded LBR Asset Management.
She has traded for several hedge funds and ran commercial hedging programs. She was acknowledged in Herera’s book, “Women of the Street”, and Jack Schwager’s book, “The New Market Wizards”. She has served as a board of directors with the Market Technicians Association for many years and has taught in over 30 countries.
Linda is well known for a book she co-authored with Laurence Connors: “Street Smarts High-probability Short Term Trading Strategies and Trading Sardines.”
Her attitude, work ethic, and interest drove her to develop the essential skills needed to become a successful trader. Her work ethic and passion are so strong that she didn’t stop trading through her last days of pregnancy.
She approaches the market from a top-down view, meaning she studies what happens in the lower timeframes and higher time frames to speculate on the following action. She emphasizes this approach because it is necessary to provide market context. She’s not a fan of trading the lower timeframe, as she says trading the five minutes time frame presents a lot of noise, “If I just came in and was doing nothing but look at a 5-minute S&P chart, I might recognize that the previous day was a huge range day and that today was going to be more of a rotation day. You’re going to trade a rotation-consolidation much differently than you’d trade a range expansion day… it puts it into context; I’m not going to be able to judge if it’s going to be a high to low day or low to high day with just a five-minute chart. I need to look at something like a 120-minute or a daily candlestick“, she added.
Linda usually prepares for the day’s trade in advance, before the day opens— after the day’s close. This, she maintains, allows her to enter the trade with an undisturbed judgment. She’s not overly analytical when trading; she likes to work with information as it comes in the present. She added that if she prepares for the trade on the day of, she’ll trade with an analytical mindset, which in most cases is not helping for her trading.
She has traded through all types of market conditions, including bull and bear markets, trendless markets, high and low volatility, trading pits, etc.
She retired in 2015 and currently focuses on her own private trading operation.
Other famous traders and their trading strategies
- op motivational trading quotes
- How Jim Simons’ trading strategies Made 66% A Year (The Medallion Fund)
- Ray Dalio – life, investment strategies, and philosophy
- Jesse Livermore – The World’s Most Legendary Trader? (Trading strategy quotes)
- Richard Dennis – The Turtle Trader (trend follower)
- William Eckhardt – The mathematical trader (An early Nassim Taleb)
- Stanley Druckenmiller – George Soros’ left hand
- Paul Tudor Jones – Maverick Trader (quotes and strategies)
- Micheal Steinhardt – To Make Money Is Should Be A Little Painful
- David Einhorn – investment strategy and philosophy
- Bill Ackman – investment strategy and philosophy
- Steve Cohen – Stock Market Wizard
- Mark Douglas – All About The Correct Trading Strategy Mindset
- Steve Clark – hedge fund strategy market wizard
- Larry Williams – Indicator Innovator, Strategy Trader, And Tax Rebellion
- Jim Rogers – The Adventurist Macro Trader
- Larry Hite – All About Trading Strategy Risk
- Randy McKay – Market Wizard currency strategy trader
- Michael Marcus – The First Trading Strategy Market Wizard
- Charles Faulkner – Trading strategy trader and programmer
- Richard Driehaus – Turtle Strategy Trader
- Dana Galante – the Market Wizard short seller
- Nicolas Darvas – How I made $2,000,000 In The Stock Market
- David Shaw – the king of quant – trading strategies
- Van K. Tharp – The psychology of trading
- Larry Connors – Mean Reversion Trader
- Rob Hanna – Quantifiable Edges
- Ahmet Okumus – From Istanbul to Wall Street
- Steve Watson – Small cap investor
- Gil Blake – The master of consistency
- Blair Hull – All about the trading edge
- Howard Seidler – an original Turtle Trader (The Turtle Experiment)
- Steve Lescarbeau – mutual fund trader
- Tom Basso – Mr. Serenity
- Bruce Kovner – Trade Small And Manage Risk
- Michael Carr – Trader, Motivator, And Speaker
- Bill Lipschutz – FOREX trader
- Brett Steenbarger – All About Trading Psychology
- Joe Ritchie – an early quant in the option markets
- Micheal Masters – Stock Market Wizard
- Monroe Trout – one of the first Market Wizards
- Alexander Elder – Trading Author And Indicator Innovator
- Mark Ritchie – Master Option Trader (God In The Pits)
- Alphonse Fletcher Jr. – Triple Digit Returns
- Mark Minervini – stock market wizard trader
- Mark D. Cook – market wizard trader and investor (Net worth and strategy)
- Jeffrey Yass – the founder of Susquehanna
- Claudio Guazzoni – Multillingual trader
- Micheal Lauer – Stock Market Wizard?
Trading strategy quotes from Linda Raschke
We end the article with some quotes from Linda Raschke:
I believe my most important skill is an ability to perceive patterns in the market. I think this aptitude for pattern recognition is probably related to my heavy involvement with music.
You don’t have to be a rocket scientist to be a trader. In fact, some of the best traders whom I knew down on the floor were surf bums. Formal education didn’t really seem to have much to do with a person’s skill as a trader
I truly feel that I could give away all my secrets and it wouldn’t make any difference. Most people can’t control their emotions or follow a system. Also, most traders wouldn’t follow my system, even if I gave them step-by-step instructions, because my approach wouldn’t feel right to them.
Understand that learning the market can take years. Immerse yourself in the world of trading and give up everything else. Get as close to other successful traders as you can. Consider working for one for free.
I believe that only short-term price swings can be predicted with any precision. The accuracy of a prediction drops off dramatically, the more distant the forecast time. I’m a strong believer in chaos theory.
The third important ingredient for achieving peak performance is attitude. Attitude is how you deal with the inevitable adverse situations that occur in the markets.
– Who is Linda Bradford Raschke, and what is her significance in the financial markets?
Linda Bradford Raschke is an American trader renowned for her focus on commodities and futures. She holds the position of president at LBR Asset Management and LBR Group. Linda was the first woman to be interviewed by Jack Schwager in his Market Wizard series.
– What is Linda Raschke’s approach to trading, and how does she prepare for trades?
Linda Raschke approaches the market with a top-down view, studying lower and higher timeframes to understand market context. She emphasizes the importance of preparing for trades in advance, before the day opens, to maintain an undisturbed judgment. Linda is not overly analytical during trading and values working with information as it unfolds.
– How has Linda Raschke influenced the field of trading education and market analysis?
Linda Raschke has made significant contributions to trading education by teaching in over 30 countries. She served on the board of directors with the Market Technicians Association for many years, impacting the understanding of market analysis globally.