048: Linda Raschke – Trading a Framework of Your Own, and Using Models to Study Price Behavior w/ a Market Wizard

Chat With Traders

Kevin Avery

Investing, Education, Business

4.8 • 2.3K Ratings

🗓️ 26 November 2015

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on the show I interviewed Linda Raschke – an active trader since 1981, when she started out on the floor of the Pacific Coast Stock Exchange as an options market maker. In 1992, Jack Schwager interviewed Linda for his second installment of the Market Wizard series; The New Market Wizards. Since then, Linda has traded for several hedge funds, and in 2002 she began one of her own – which has been ranked 17th out of 4,500 hedge funds for ‘Best 5 Year Performance’ by BarclaysHedge. During this interview we covered some great topics, for example; adapting to environment changes, using models to study price behavior, and the part I really enjoyed was Linda’s advice to young traders towards the end. So please, make sure you pay close attention to this part. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Chat with traders is sponsored by Trade the Pool.
0:03.6	Our concerns about limited buying power, insufficient capital,
0:07.3	or fear of losing your own money,
0:09.5	preventing you from advancing your trading capabilities.
0:12.4	Trade the Pool is an online stock trading prop firm
0:15.8	that offers funding for stock traders.
0:18.1	Demonstrate your skills, trade their capital,
0:21.0	and keep your profits.
0:22.5	You can engage in intraday trading,
0:24.9	and now swing trading on Trade the Pool.
0:27.8	With any US stock or ETF,
0:30.3	the procedure is straightforward.
0:31.9	Pay in evaluation fee, successfully complete the evaluation,
0:35.9	and get funded.
0:36.8	Visit tradethepool.com forward slash chat to learn more.
0:42.1	The biggest secret of the best traders in the world
0:44.7	is that they're just like everyone else.
0:46.9	However, they've worked hard to learn the markets
0:49.2	and discover what works and what doesn't.
0:51.6	But how can you hear about these journeys
0:53.2	and get in on the strategies and tactics they use?
0:56.6	You can do it by listening to Chat with traders.
	...

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