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How Linda Raschke Approaches the Market Open

Posted by Pat Crawley on January 19, 2020

Linda Raschke is a futures trader who has been through it all. Bull markets, Bear markets, the takeover heydays of the 1980s, the low volatility grinding post-GFC. She started as a floor trader, traded 'upstairs' from the floor, managed money for decades, and now trades from home in her 'semi-retirement.' If you ask Adam Grimes, whom we profiled last week, the vast majority of floor traders who tried to adapt to electronic trading failed desperately. 

Linda’s trading career got started almost by mistake. She landed her first job after college at a broker-dealer that happened to be across the street from the late Pacific Coast Stock Exchange in San Francisco. Due solely to her curiosity, she began hanging out there before work and scoping out what the hell was going on. The floor traders took a liking to her, and eventually, she got staked for $25,000 and became a floor trader. Not long after, she went bust buying short straddles on Cities Services (Citgo) before a takeover bid. 

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Topics: Trading Psychology, Futures, Linda Bradford Raschke, Trading Education, Adam Grimes

Going Deep on Adam Grimes’ Approach

Posted by Pat Crawley on January 07, 2020

Adam Grimes is one of the best-known figures in trading media. He’s the author of The Art and Science of Technical Analysis and created a free trading course called The Art and Science of Trading. Adam is primarily a trader of the major futures contracts but will take a trade in any market that presents an opportunity.

Adam's first foray into trading was through a guru who taught his students to apply Martingale betting systems to agricultural futures. Armed with the guru's system and his knowledge of agriculture owed to growing up on a farm, Adam thought he had struck it rich. Until he blew up his account. According to Grimes:

“No matter where somebody were to start, you can’t start worse than I did.” 

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Topics: Trading Psychology, Futures, Linda Bradford Raschke, Trading Education, Adam Grimes

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