Linda Raschke on Having an Edge in Trading and the Importance of Data

[@VictorAdair-i9w]

I watched this interview the moment I got your message that it had been posted. I loved Linda's 1992 Market Wizards interview and saw her at a Telerate sponsored seminar in Las Vegas around 1993. I've got three pages of notes from this interview - with lots of underlined key points. I double underlined "The most important thing is to recognize when you've been dealt a good hand - and you have to play that to the hilt." That was so powerful to me because I try not to have "high conviction" trades - a trade is just a trade. Her comment caused be to question my bias, and I love when that happens! The two of you were great together, and I'm 100% with you both on giving back. Thank you.

[@topking5080]

"The most important thing is to recognise when you've been dealt a good hand - and you have to play that to the hilt". The remainder stay with long term Dividend Stock for a constant cash flow.

[@eminalopatyuk6812]

I am watching this video for the second time and noticing precious details I overlooked before. Thank you for this video, market Wizards.

[@dongaza6878]

Linda what a pure gem she is. This brilliant upbeat lady radiates such a positive energy. You can see from a mile away why she is a successful person in life. Absolute keeper of an interview thank you for this Jason

[@marinkoshutov9001]

Linda to me is one of the greatest traders who really show what they do, I know there are bigger managers but they never disclose what they do. She is so open and shares all - strategy, mindset, indicators.

[@highbread817]

I think that's what I like about her so much. She explains her process and strategy openly, it's given me a great foundation to build on. Been binging her webinars lately

[@dilberdr]

hi. where can I find her class/Course. I have heard her name from many places but couldn't locate.

[@tomc1266]

There's no other woman like Linda in trading community - No.1 ! She's amazing person and trader . One of my favorite , I could listen to her every day . Genuine and honest person who is willing to share wisdom and experience. Great interview 👍 👏

[@3lions9]

My 2 favorite Market Wizards in a podcast. Absolutely epic , thanks

[@encapsulatio]

Who's your first favorite?

[@ChazK47]

Pure Gold!!! Thank you Jason and Linda for sharing. Linda is amazing!

[@alexlimion2624]

Fabulous Interview Jason! I've listened to almost every interview with Linda and must say this is one of the best.

[@eelarrai]

I loved what she said between 53:30 and 56:00. So on point!

[@alekcesmadziski2582]

This lady is one of the best to ever do it - thank you for delivering this to us Jason

[@ridzuanali1919]

Thank you, Jason. This session is pure gold! God bless.

[@humanpeyote]

This was a fantastic listen. Thank you guys for sharing your ideas and lessons with us.

[@simmonds3930]

Awesome! Enjoying these 'real trader' interviews. Thank you!

[@christianpichardo8214]

Love how much I learn from these interviews

[@edwardwaszak8717]

Thank you Linda and Jason. Over the years I have learned so much from Linda's generous shares. Thank you so much. (I'm glad I got your book while the getting was good!)

[@eminalopatyuk6812]

If you are new to the trading tough experience, I encourage you to watch this video a few times. It has so much wisdom you will discover every time you watch it.

[@florenciaandre7934]

So much wisdom and great energy. Thanks for sharing Linda!

[@christinaforakis1024]

Linda is a refreshing perspective on the art of trading that we can learn from in order to develop our own 'edge.' She offers an approach toward our developing our skills and then hold ourselves accountable. Thank you for the interview. Jason brought out a lot of great points in Linda's book that she could then expand upon. Thank you for that Jason. However, Jason spent too much time talking about him, when he should have been letting Linda talk about her. There were times he spoke over Linda, or he spoke too long when forming his question because he was setting his own perspective first.

[@coinrotator]

Linda is one of the primary influences on how I view the mkt. Even as a crypto trader, her core principles are deeply embedded in my daily trading approach.

[@liorgo5611]

the idea about accountability is brilliant and very practical and useful!

[@ozazon6952]

It's absolutely crazy that you're even on KZbin Jason, I really appreciate your insights and I hope most people realize how valuable they are! Interview was great, loved Linda's chapter in New Market Wizards too! I'm not sure it's intentional or not, but this video is marked as "Unlisted" in case you were wondering about views, which it absolutely deserves!

[@yonatanalony4233]

This interview is gold!! Thank you so much for this. Also, it will be amazing to have an audible version of the book, i can guarantee you i'll buy it if you'll make it.

[@Tothemoonalice373]

Thank you both. A must view for any trader new or old.

[@juanmadridejos5641]

Best trading interview i ever saw

[@mukundraipatel8334]

What a cerebral treat to have Linda on. Jason, stick to Gold, as in golden people who can teach retail sardines much through sheer experience & may I say, very eloquently so.

[@billdavies2656]

Awesome interview Jason! Thank you!

[@codyleekelly]

Reading her book currently, and just relistened to this interview, great insites from both Linda and Jason, thank you both.

[@robertlu5117]

So true, having edge takes times 3-5 years , i have tried many styles, trading stocks with trendline, moving average, and MACD, resistance and support. None of these work for me. I throw them away. Now i just trade usa major index funds (no stocks) straight from chart with no indicators, which surprisingly i found edge there. I did backtest it , now i am the process of refining my edge. I want it to work overtime.

[@jobear1]

Linda is good and know what she is doing

[@denijane89]

What a fantastic interview! Thank you, Jason! And I'm sure Linda would be a great coach if she chose to be. Funny thing, last few weeks I'm training ANNs for work and I think a lot of people just don't realise how capricious things they are. But yeah, I really liked her purely technical perspective, it's kind of refreshing to hear that.

[@MrSmokinBeats]

Very cool show as always Jason. Im really starting to like these interviews

[@AZeroSum]

Thank you Jason and Linda great interview. Looking forward to reading the book over the summer.

[@JonathanSebastian407]

One of your better interviews! And all your interviews are great!!!!

[@crowdedmarketreport]

Thx. Glad you enjoyed. Linda was great to interview.

[@paulwu1301]

I know for sure I will listen to this interview at least 3 times.

[@parulu289]

Discipline is following a process. Independent opinions are always trying to debate instead of just let it be and add positively to the conversation.

[@juliocesar-futurestrading]

great interview! thanks

[@lachlanrutherford8833]

another great interview , thanks jason

[@adproproductions2038]

This was a great interview Jason, thanks for doing this. Learned a lot here.

[@garyportugal8035]

Great episode on many metrics. Thanks

[@dave8212]

Thanks to you both, some real gems in this one ! 👍🏻💛

[@jlf169518]

SUPER-AWESOME .... Thanks for Paying It Forward ...😁

[@niceoneolie1738]

Just love Linda. Thank you!

[@zwriter3658]

Yeah this does confirm what I have suspected ,, the edge is more a question of time spent studying the market while not losing all your money .. to first learn who you are in the process and then fine tuning to a discovered style..

[@rutenmeister9508]

This is legendary

[@spiffffffffff]

She is right, making lemons out of lemonade is the real challenge. What a badass.

[@BlergleslinkVettermoo]

Exceptional interview.

[@mephistomdc6476]

Love it Jason please interview amrit or daljit (event driven trading theme)

[@DefineStrength]

awesome awesome awesome. love listening to Linda and her advices. thanks J!

[@crowdedmarketreport]

She is a legend. Great advice and recommend all traders watch this interview.

[@DefineStrength]

@@crowdedmarketreport and to also go to her KZbin. TONS of valuable insight on all her vids over there!. thanks for trying to help everyone as well J! hope ur staying healthy and strong

[@DefineStrength]

@@crowdedmarketreport and also check out her KZbins. tons of valuable content over there and a thank you to u Jason for trying to help all of us as well!! one of my fav things u said during this.....the losing of money is the one thing that will change you into a better trader or inevitability take u out......

[@michaelman4473]

I actually think what Linda said regarding discipline vs process was worth digging deeper on.

[@penghunter4565]

Linda is the goat!

[@janeznovak7589]

Fun fact.Listened to whole interview without repeating while driving through 4 countries: Austria Hungary Slovenia Croatia Each of those countries has own language and great culture. Yet you won't find anyone there speaking level of language Jason and Linda speaking. God bless USA

[@JamesMcBride-o6v]

Great Interview!

[@dariusgustaitis410]

like a book 👌👍. thanks ❤

[@mithra2396]

thank you jason

[@robertkotroczo7908]

Awesome!

[@Humbletraderdiary]

Pure Class

[@Benaki66]

Thats a Big Ass cup you got there Jason! Jeezzz 😆

[@joannahuc1318]

Excellent interview with a great trader. I scale in and out because I am less than 5 years into it, so I will rather be a pussy than become a statistic. I learned a lot from Linda’s interviews and book.

[@JohnInvest17]

Another great interview Jason! Also, i do highly recommend her book. I read it in 2020, in the last Bitcoin cycle and it helped me to sell near 60k and avoid the whole 2022 bear market.

[@overasiainadrone6017]

The title shows how you read her thoughts. "...the importance of data," I think she's more a tape reader than a data analyst.

[@MeharBhogal]

Good shit

[@Adam-ey3ud]

This is a good interview and she could be right on her takes except for the one on the “market” going straight up and needing consolidation. Mag7 has been going straight up, mega cap has been going straight up. The rest of the market has been consolidating like small caps and equal weight

[@LifestyleTradr]

4:14 very contrarian of you Jason 🤣

[@mikesmevog7146]

Dumb Money is just a great movie in general.

[@phillipprestontrading]

A famous x broker whos course I brought.......and Who's made millions, HOLDS onto BIG Trades. He explains the ONLY way to survive in this game is to LET your Profits RUN. The Winners have to take care of the small losses ( meaning cut your loses short) easier said than done....if you ask a typical Trader.

[@trading8]

Last watched 30:15

[@wabiisabi]

omg omg omg omg

[@penghunter4565]

She dressed like a nurse cuz she healing us with knowledge ya'll

[@Notrocketscience101]

Linda’s a likable person, and seems genuine, but a question as to whether or not, she can actually make money in the market. I remember spending 1500 bucks to be in Linda’s trading room 20 years ago. She had her hand picked trained room moderator his name was Chris. He’d call out a couple trades a day, and on balance will probably lost a teeny bit due to slippage and commissions. I asked all the people in the training room, how good his performance was and they said he’s about breakeven. I would notice the trades he called, would move the market a teeny bit, so if you were the first person to get the message, like an insider, you would’ve probably made a little bit of money off the rest of us. At any rate, a trading room full of 300 people paying $100,000 a month it’s probably the best way to make money in the market. I know I sound jaded, but I think almost every “expert” makes money in the market by selling useless information or managing money and skimming off the top.

[@titusrider7948]

Dood, let your guest talk, stop interrupting 😮

[@absoluttchamp]

A light weight throwing around clichés, interviewing a giant. Oh well.

[@Jay-jd1bi]

a very unfortunate interpretation for you

[@MakuLabs]

Great interview!

[@ajoflow]

Great interview!