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Better System Trader

Better System Trader

Better System Trader is the podcast and blog dedicated to systematic traders, providing practical tips from trading experts around the world.

049 – Trading Edges with Linda Raschke

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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, 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 presentation Linda made for the MTA UK

Share a quote with your trading friends

There are so many subtle nuances to the tone and color of a market

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Trade management is probably the most neglected area of system development

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People are not cynical enough – question everything

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I think the ratio of valid patterns to noise is much lower than people realize

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Transcript

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Episode Released:

15 May 2016

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048 - Indicators, DSP & Cycles w...
050 - Tribute to Nelson Freeburg

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  • 023 – AI & Machine Learning – Michael Himmel

Comments

  1. Django

    May 17, 2016 at 2:56 pm

    Great Interview.

    • Andrew Swanscott

      May 17, 2016 at 2:58 pm

      Cheers Django, glad you enjoyed it.

  2. Jon

    May 18, 2016 at 6:45 am

    Best interview yet!

    • Andrew Swanscott

      May 18, 2016 at 1:52 pm

      Thanks Jon, appreciate the feedback.

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