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Linda Raschke Profile
Linda Raschke

@LindaRaschke

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Private Trader

Florida
Joined March 2009
Don't wanna be here? Send us removal request.
@LindaRaschke
Linda Raschke
3 years
Right??? How I made my first $10 million: 1. Get up at 5:00AM every day 2. 90 minutes of cardio 3. Take a cold shower 4. Journal 5. Schedule out my day 6. Dad owns multi-billion dollar company 7. Meditate
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@LindaRaschke
Linda Raschke
1 year
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@LindaRaschke
Linda Raschke
3 years
Moving van is coming today for a permanent move back to Florida. Do I look ready??? 😮
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@LindaRaschke
Linda Raschke
5 months
To be clear, I am NOT in the business of making long-term predictions other than measured moves a la Skalrew. The 2-per ROC is my religion, as well as swing highs and lows and my library of patterns. Each day has a "play". And that is how I made my living for 43 years.
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@LindaRaschke
Linda Raschke
2 years
and as long as I am on a midnight rant, "elite trader" and "master" trader semantics used by educators disgust me. total B.S. designed to take your money in the guise of "advanced" trading courses. sticks with the swings highs and lows and gap areas and turn off the TV.
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@LindaRaschke
Linda Raschke
1 year
I've never heard anyone mention Hetty Green as the greatest trader. Yet she amassed a fortune of 2.5 billion in 2022 dollars. Did not do bucket shops, pump and dump, or market manipulation. Bet few have read the book on her. ttps://www.investopedia.com/hetty-green-5214747
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@LindaRaschke
Linda Raschke
1 year
A gap that is not traded into for the next 3 days can lead to a move of 2+ weeks in the direction of the gap. This looks distinctly like an H and S bottom with a breakaway gap and if so, expect SMH to trend higher into month end. Just one of many markets with this pattern.
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@LindaRaschke
Linda Raschke
1 year
mother of all bear traps...can blast through the top of the box....
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@LindaRaschke
Linda Raschke
3 years
hmmmm...
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@LindaRaschke
Linda Raschke
4 months
cleaning out my old notebooks, I found all sorts of gems... "Players tend to get attached to fancy techniques and fail to recognize that subtle internalization and refinement is much more important than the quantity of what is learned." Joshua Waitzkin
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@LindaRaschke
Linda Raschke
4 years
Bought KODK yesterday at 8. Only took 40 years of full-time trading to catch a 150% move. I will take luck over skill any day.
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@LindaRaschke
Linda Raschke
4 years
No stinkin politics or virus in the middle of Lake Michigan!
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@LindaRaschke
Linda Raschke
3 years
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@LindaRaschke
Linda Raschke
2 years
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@LindaRaschke
Linda Raschke
3 years
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@LindaRaschke
Linda Raschke
3 years
On the boat in front of Chicago this evening as the markets are torched in the background...
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@LindaRaschke
Linda Raschke
5 years
more: Why focus on the process when the world is outcome driven? Don’t results matter? Yes, results do matter. But if you optimize for the outcome, you win one time. If you optimize for a process that leads to great outcomes, you can win again and again.
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@LindaRaschke
Linda Raschke
4 years
Soros: Theory of Reflexivity states that investors don't base decisions on reality, but rather on their perceptions of reality. The actions that result from these perceptions have an impact on reality which then affects investors' perceptions and thus prices. Got That?!
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@LindaRaschke
Linda Raschke
1 year
The largest and longest of duration trends tend to start from moves out of equilibrium points. The SP has spent the past 8 months coiling around this level...Folks tend to underestimate for the duration and the magnitude of moves out of these levels.
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@LindaRaschke
Linda Raschke
7 months
"Big wins tend to be accompanied by some combination of bigger decisions, more uncertainty, and greater risk. If you want to play at a higher level, you need to be comfortable with greater swings of highs and lows: mentally, emotionally, financially.
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@LindaRaschke
Linda Raschke
2 months
strong morning, weak afternoon....= cracks in the ice starting.....
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@LindaRaschke
Linda Raschke
4 years
saw this nice quote from James Clear: The highest level of mastery is simplicity. Most information is irrelevant and most effort is wasted, but only the expert knows what to ignore.
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@LindaRaschke
Linda Raschke
6 months
My trade sheet from 1991 when I first created Neural Net - note to self: "The neural nets are trained on normal market conditions of average volatility....they may under predict in unusual volatility...Caution on politically or economic "hot" days."
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@LindaRaschke
Linda Raschke
3 months
From the great Martin Zweig:
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@LindaRaschke
Linda Raschke
4 months
I posted this at the start of the year - "ice bath and gratitude" and it went to a different Twitter account! I am going to do it again tomorrow (blow up bathtub in my shower + 2 large bags of ice). Voila!
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@LindaRaschke
Linda Raschke
3 years
The REAL driver behind this uptick in volatility: Full Moon tonight :-)
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@LindaRaschke
Linda Raschke
2 years
What would you think if this were 5-minute SP data? (it's weekly SPY)....
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@LindaRaschke
Linda Raschke
5 years
I never stopped trading even tho I retired from money management. I keep doing this for myself every day. I figured since I get inundated w so many questions it would be helpful to share my process.
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@LindaRaschke
Linda Raschke
2 months
love this chart....once in a lifetime....!
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@LindaRaschke
Linda Raschke
4 years
came across another gem: How long does it take to build a habit? 21 days? 30 days? 66 days? The honest answer is: forever. Because once you stop doing it, it is no longer a habit. A habit is a lifestyle to be lived, not a finish line to be crossed.
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@LindaRaschke
Linda Raschke
4 years
We just put together a free ebook for you to download: articles I wrote that have stood the test of time. From Tape Reading Tips to Time Tested Rules and Mental Principles - guidelines for you! 57 pages.
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@LindaRaschke
Linda Raschke
4 years
Great quote from James Clear: "Focus is the art of knowing what to ignore."
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@LindaRaschke
Linda Raschke
28 days
These tight "Non-Trend" narrow-range days can lead to a powerful trend day the following day. let's see...!
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@LindaRaschke
Linda Raschke
2 years
Markets - cant make this stuff up - that Haller Sell signal (broad breadth divergences) was given over a week ago...todays event was the news event that nudged the market in the direction of the technicals 😮
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@LindaRaschke
Linda Raschke
3 years
"Rome wasn’t built in a day, but they were laying bricks every hour. You don’t have to do it all today. Just lay a brick." – @JamesClear
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@LindaRaschke
Linda Raschke
4 years
Waiting for Beige book.....not lady-like humor but trader humor:
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@LindaRaschke
Linda Raschke
1 year
"Rich people have money. Wealthy people have time." — @ShaneAParrish
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@LindaRaschke
Linda Raschke
1 year
You don't need market profile software - you can train your eye to see the same thing with the impulsive candle bars.
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@LindaRaschke
Linda Raschke
5 months
5 SMA plays as promised! Buy on close below 5 SMA, exit on close back above. (Also paid in DOW and RUS). All 4 indexes were also pinball buys on close yesterday.
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@LindaRaschke
Linda Raschke
8 months
Keep eye on Uranium!
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@LindaRaschke
Linda Raschke
11 months
Happy Fathers Day to all the wonderful Dads out there!
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@LindaRaschke
Linda Raschke
3 years
"You only need to know the direction, not the destination. The direction is enough to make the next choice." - James Clear
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@LindaRaschke
Linda Raschke
2 years
CF, MRO, OXY, SU, LNG,ADM, and X....it took me 15 years of professional trading before I understood the power of Relative Strength and how and when to use it. When I started my career, I would sit on the dogs waiting for them to catch up.
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@LindaRaschke
Linda Raschke
5 years
Damon’s Bday last night. Our anniversary today. Heading up to Koehler spa for the weekend tomorrow. Wishing everyone a lovely weekend. Am most appreciative of our little twitter community. ❤️see you Monday!
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@LindaRaschke
Linda Raschke
8 months
Perspective on the important things in life…
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@LindaRaschke
Linda Raschke
2 months
I sent a friend a chart of the monthly Vix and he said it looked like the view from his villa on the coast of Spain! I sort of prefer the view of the latter!
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@LindaRaschke
Linda Raschke
4 years
Social Distancing in Florida
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@LindaRaschke
Linda Raschke
4 years
Nice quote from James Clear: "If you have good habits, time becomes your ally. All you need is patience."
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@LindaRaschke
Linda Raschke
1 year
After the rain, we are blessed to get a lovely start to a new day.
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@LindaRaschke
Linda Raschke
3 years
"Without hard work, a great strategy remains a dream. Without a great strategy, hard work becomes a nightmare." - James Clear
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@LindaRaschke
Linda Raschke
4 months
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@LindaRaschke
Linda Raschke
4 years
Comment fm a trader friend of 14 yrs: "it's funny how ur trading goals change over time-i've only 2 goals now: not to miss obvious opportunities, and not to make dumb mistakes....everything else falls into place after that-before i was all about r/r and # of trades and winrate."
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@LindaRaschke
Linda Raschke
10 months
This weekly coil has potential to explode out the upside. Small caps outperform in July.
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@LindaRaschke
Linda Raschke
2 years
Last time commercials were this short the naz, the market sold down until all the large specs had liquidated...
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@LindaRaschke
Linda Raschke
4 months
Buy on new moon, sell on full moon = positive expectation over many years....however, buy on full moon, sell on new moon = losing strategy - so serves as a control against the upward bias to the market.
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@LindaRaschke
Linda Raschke
3 years
Lumber = Chart porn...
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@LindaRaschke
Linda Raschke
1 year
Dudes: This is nothing more than Wyckoff-study springs and upthrusts. Measured move techniques: study Sklarew-Techniques of a Professional Commodity Chart Analysts. Nothing is 100% & it can take its time working higher. It just helps to keep an open mind. Today is Z-day.
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@LindaRaschke
Linda Raschke
4 years
"..to achieve exceptional results: 1) Quantity: You take lots of shots. 2) Quality: You take thoughtful shots. 3) Consistency: You keep shooting for a long time. 4) Feedback. You take better shots over time. 5) Luck: You get a few favorable bounces." - James Clear
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@LindaRaschke
Linda Raschke
1 year
DAX: range expansion out of a three bar triangle pattern at the top, (one of the better short term breakout formations, especially if at the top or bottom of a swing).
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@LindaRaschke
Linda Raschke
2 years
and always ....
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@LindaRaschke
Linda Raschke
1 year
SP, Naz, Dow, Rus have OD/ID pattern on the daily charts. Our testing showed this to be one of the more reliable breakout patterns, tho nothing is 100%...
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@LindaRaschke
Linda Raschke
4 years
First flight got cancelled. Second flight hit Canadian geese and turned around. Now wAiting for midnight express from sfo to Miami. Marooned in deserted wine bar with new book, charts. Rombauer Chardonnay and pear, cheese and banana my mom packed not so bad!
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@LindaRaschke
Linda Raschke
3 years
"New goals don't deliver new results. New lifestyles do. And a lifestyle is a process, not an outcome. For this reason, your energy should go into building better habits, not chasing better results." – @JamesClear
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@LindaRaschke
Linda Raschke
2 years
I am going to the beach on Orcas Island for the next week with my Mom...the same spot that is the picture in the Trading Sardine's book :-)
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@LindaRaschke
Linda Raschke
2 years
Great quote from James Clear: "A surefire way to make a bad situation worse is to continue replaying it in your mind. The damage is done. The only thing that matters now is making the best choice given your current position. Next play mentality."
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@LindaRaschke
Linda Raschke
4 months
On Friday, nearly twice as many YTD lows as YTD highs as well as more 52-week lows than 52-week highs....things that make you go "hmmmmm..."
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@LindaRaschke
Linda Raschke
5 years
I don't look at yield curves, news, politicians, goofy tweets - technicals all one needs for my style of trading.
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@LindaRaschke
Linda Raschke
9 months
Potential for trend day DOWN in many markets after NR7s, 3 bar triangles and gap down in overnight session(metals currencies index futures)..Oh yes, and a full moon tonight to boot!
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@LindaRaschke
Linda Raschke
3 years
HOOD IPO marks market top..cant make this stuff up....
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@LindaRaschke
Linda Raschke
5 months
Day 9 of an extended run. So far one time framing still. The market usually comes into balance, forming three bars of price overlap before the swing ends.
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@LindaRaschke
Linda Raschke
4 years
I always have big picture structure and indicators in mind but still trade one day at a time - the "play for that day". Every day has its own action. My job is to make money for that day. Nobody know where we might be a week from now.
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@LindaRaschke
Linda Raschke
3 years
This is who REALLY calls the shots!
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@LindaRaschke
Linda Raschke
5 years
My Birthday is the ideal day to do my official book launch! read the first chapter here, and thank-you to all my early reviewers!
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@LindaRaschke
Linda Raschke
3 years
"A lot of problems happen because of your internal state. When you’re calm, happy, and fulfilled you don’t pick fights, create drama, or keep score." — @ShaneAParrish
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@LindaRaschke
Linda Raschke
1 year
PDH = previous days high and PDL = previous days low...most important pivots for Taylor and how the market trades around these says everything. test reject? or....the longer it trades around there the higher the odds it will eventually go through.
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@LindaRaschke
Linda Raschke
2 years
my farm in loxahatchee just got hit by the tornado...camper smashed, paddocks down, trees down, stuff scattered everywhere but the horses are safe!
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@LindaRaschke
Linda Raschke
3 years
"You don't need to predict how everything will play out. Just master the next step and continue moving in the right direction." - James Clear
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@LindaRaschke
Linda Raschke
1 year
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@LindaRaschke
Linda Raschke
6 months
On a serious note, 1) no trade below 8 AM est opening, 2) no trade below low of NYSE opening (yellow dots) = gap and go, 3) 3 consecutive green bars up in the first 30 minutes. All signs of a strong rend day.
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@LindaRaschke
Linda Raschke
3 years
Every trader needs crystals to protect against Friday 13
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@LindaRaschke
Linda Raschke
2 years
Damon and I are leaving tomorrow for a much needed week on the Amalfi Coast. No airport spreads this time around...!
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@LindaRaschke
Linda Raschke
9 months
once again, markets go down faster than they go up. note the lovely sell div on ROC and price bar overlap (market coming into balance) at the top of the swing.
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@LindaRaschke
Linda Raschke
1 year
open door to upside. The longer the consolidation the better the odds for upside gap fill on NAZ SP, etc. 3-day low is now main pivot to downside.
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@LindaRaschke
Linda Raschke
3 years
Awesome sell short day setup for tomorrow..looking for big continuation to downside. market failed to rally on upside news goosing (except small caps which look like buying climax.
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@LindaRaschke
Linda Raschke
3 years
Joy to the World and Merry Christmas to all 🥰
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@LindaRaschke
Linda Raschke
3 years
My grandson working on his first Opus...my daughter says it is called "Primitive Percussion"...a little avant-garde but she's sure they'd love it over in Europe...😂
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@LindaRaschke
Linda Raschke
8 months
Outside/Inside range day patterns leading to trend days...
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@LindaRaschke
Linda Raschke
1 year
jesse Livermore died broke.
@TmarketL
True market Leader
1 year
Livermore investment philosophy
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@LindaRaschke
Linda Raschke
1 year
Here is the opposite state: "extended run", one time framing, trending...these moves go further than you think they will. Stay with the trend until the market comes "into balance" or 3 bars price overlap.
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@LindaRaschke
Linda Raschke
3 years
The Market job is to do whatever it takes to confuse the most amount of people. I have hear that saying for 40+ years but cant find the source? trading floor lore?
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@LindaRaschke
Linda Raschke
28 days
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@LindaRaschke
Linda Raschke
4 years
As an old ex-floor trader, I learned the power of skepticism around news spikes. That cynicism has increased every decade. 90% of news spike offer extremely advantageous trade location for either exits or entries....
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@LindaRaschke
Linda Raschke
2 months
This was a wonderful example of how the "OD/ID" pattern marked the top of the swing (variation of a 3 bar). Steve Moore originally tested the explosive potential of this. Our testing showed it to be the highest in terms of odds of follow-through after breakout.
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@LindaRaschke
Linda Raschke
10 months
SP - 5 minute Candle Volume charts. Notice how nicely the dry up in volume shows up at the top today. This is Damon's chart that he keeps up for his trading room all day. Windotrader+Photon trading platform.
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@LindaRaschke
Linda Raschke
4 years
Quote From Humphrey B. Neill's book: "Be a cynic when reading the tape. We must have open minds always, without preconceived opinions... a trader should be a cynic. Doubt all before you believe anything. Realize that you are playing the coldest, bitterest game in the world."
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@LindaRaschke
Linda Raschke
11 months
VIX - funny that it is dubbed the "fear" index when it is essentially based on the underlying historic vol. Traders should look instead at the difference between the actually vol and the implied (vix).
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@LindaRaschke
Linda Raschke
4 years
fascinating documentary about the Stock Market (made many years ago)...bookmark for later viewing
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@LindaRaschke
Linda Raschke
4 months
So far, perfect "Z-day" following yesterday's trend day. 1) trade on both sides of OP, 2) inflection point top of the first hour (purple dots), 3) 2 BB band trades (exit sma), and 4) Fade the push outside first hours range! Been making these trades for 40 years...
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@LindaRaschke
Linda Raschke
1 year
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