Last Updated on 7 September, 2021 by Samuelsson
Linda Raschke is an American trader focused primarily on commodities and futures. She is the president of LBR Asset Management as well as LBR Group.
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.
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 candle”, 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, and trading pits, etc.
She retired in 2015 and currently focuses on her own private trading operation.
Trading Quotes from famous Top Traders