049 - Trading Edges with Linda Raschke

Markets are constantly changing.

Trading edges come and go.

In an industry with such a low survival rate, where some areas are changing at an ever increasing rate, what does it actually take to not only survive, but thrive, over an extended period of time?

The guest on this episode, Linda Raschke, has been trading for over 35 years. She traded for several hedge funds before starting her own, ranking 17th out of 4500 hedge funds by Barclays Hedge for ‘Best 5 year performance’.

She’s experienced a large number of changes in the industry, some of them have been huge, but she’s managed to adapt and continues trading even today.

Linda stands out from the crowd for three factors: Performance, Longevity and Consistency, so what does it actually take?

What has she learnt over the years and what can we do to improve our own chances of performance, longevity and consistency?

In our chat with Linda we discuss some of the changes she’s experienced over the years and the impacts this has had on trading. We also hear about her approach to modelling the markets, understanding market behavior, trade management, day trading techniques and some fantastic questions submitted by fellow listeners. Make sure you don’t miss those!

‘Get the main idea right’ – Linda Raschke

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Topics discussed

Changes in the markets over time and the impacts that has had on strategies and their performance
How to use modelling to identify market behavior and edges
AI, machine learning and neural network techniques
Tips and factors to consider when daytrading
Reading market behavior throughout the day

PLUS loads of great questions submitted by Better System Trader listeners!

Resources mentioned in this episode

Linda can be contacted through her website lindaraschke.net
Books mentioned in the show:

Watch this Relative Strength Presentation by Linda for the MTA

In our chat Linda said one of the key understandings of the market she wished she’d figured out sooner was relative strength.

She said “it took me about 15 years to figure out the power of relative strength and it’s huge”, you can do it much quicker than that by watching this presentation by Linda, hosted by the MTA.