Aaron Fifield interviews: Linda Raschke

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.

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The Traders Podcast with Rob Booker

Welcome to the Traders Podcast everyone! Your host Rob Booker reads aloud a listener text message today from Brad. Thanks for writing in! Oil is dropping right now and Brad wants to know if that makes airlines a good buy. Rob looks at some charts for various airlines and talks to us about what to look for.

If you’ve been listening to anything Rob has been saying for the past several years you’ll have picked up on the advice to stick to a smaller trade size. Brad has been paying attention and his next question is about how to add to a winning trade. Rob gets technical so that he can make sure traders know the right timing and ratio for that next step. Thanks for listening today traders!

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The Traders Podcast with Rob Booker

Good morning Traders Podcast listeners! Your host is Rob Booker and today in Episode 532 he finishes answering the question brought up in Episode 529 where he taught us to learn how to lose. How do you pick a trading system? If you would like some direction to pick a methodology Rob gives some more great book recommendations. He also recommends doing some research on Investopedia and to start with the 4 hour charts. Thanks for listening today traders!

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The Traders Podcast with Rob Booker

Good morning Traders Podcast listeners! Your host is Rob Booker and today in Episode 531 he answers a question from Aaron who is interested in becoming a trader. Aaron’s wife is supportive, which is great. Rob explains the two opposite ends of the spectrum when it comes to the support level of spouses. There is such a thing as a spouse that is too supportive, so listen in to learn how to cultivate a healthy and balanced relationship with your spouse regarding trading.

Now, let’s say you have an amazing support team and you’re ready to start. You take your first trade and it’s going to feel like a bar fight. That first time a trade goes against you, it will be yelling obscenities at you. How are you going to handle that? The answer: quiet confidence in the face of criticism. Negativity in your life doesn’t need or deserve or a response. Having been through an actual bar fight, Rob, in his new glasses and tight shirt, shares this information liberally with all. Thanks for tuning in today fellow traders!

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The Traders Podcast with Rob Booker

Good morning Traders Podcast listeners! Your host is Rob Booker and today in Episode 530 he reads a question from Adriana. Rob loves hearing from traders. Thanks for writing, texting, and e-mailing! Adriana is looking for information to get started trading, again in a way that will help her tackle the emotions that get in the way of trading. Rob has some guidance. Learn how to handle a losing streak and a draw down. The primary way to deal with this is to reduce your trade size. Also, Rob Booker speaks of Tim Sykes’s trading strategy, with reference to losses, and how to know which strategy might be best for you. Thanks for tuning in today fellow traders!

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