Linda Bradford Raschke Quotes

#1. I believe my most important skill is an ability to perceive patterns in the market. I think this aptitude for pattern recognition is probably related to my heavy involvement with music.

Linda Bradford Raschke

#2. I believe that only short-term price swings can be predicted with any precision. The accuracy of a prediction drops off dramatically, the more distant the forecast time. I'm a strong believer in chaos theory.

Linda Bradford Raschke

#3. The good traders are the ones who can hold their ground the majority of the month and participate in that small handful of trades that are windfalls. The real skill is in not LOSING money!

Linda Bradford Raschke

#4. Perhaps my number one rule is: Don't try to make a profit on a bad trade, just try to find the best place to get out.

Linda Bradford Raschke

#5. I try to wait until things set up just right before I take a trade. Then, when I'm ready to take the trade, I slowly count to ten before I pick up the phone. It's better to have the wrong idea and good timing than the right idea and bad timing.

Linda Bradford Raschke

#6. Writing down your trades is the best exercise in the world.

Linda Bradford Raschke

#7. If you ever find yourself tempted to seek out someone else's opinion on a trade, that's usually a sure sign that you should get out of your position.

Linda Bradford Raschke

#8. Speech may be silver but silence is golden. Traders with the golden touch do not talk about their success.

Linda Bradford Raschke

#9. There are too many unpredictable things that can happen within two months. To me, the ideal trade lasts ten days, but I approach every trade as if I'm only going to hold it two or three days.

Linda Bradford Raschke

#10. Imbalance or abnormity is never so dangerous as when it is widely perceived or accepted as being normal. The worst thing you can do is not to try.

Linda Bradford Raschke

#11. If you ever have to ask someone else's opinion on a trade, you shouldn't be in it.

Linda Bradford Raschke

#12. The third important ingredient for achieving peak performance is attitude. Attitude is how you deal with the inevitable adverse situations that occur in the markets. Attitude is also how you handle the daily grind, the constant 2 steps forward and 2 steps back.

Linda Bradford Raschke