Linda Raschke
Many people mistakenly believe that only men can achieve success on the stock exchange. Agree, if you look at success stories, and even just at photographs of trading floors, it is quite difficult to meet representatives of the fairer sex.
The fact is that in the early stages of the development of exchange trading, it was important not only to have analytical skills, but also physical ones, because you had to fight your way through a huge crowd in order to get interesting data and leave a request for opening positions.
Thus, it was quite difficult for representatives of the fairer sex to compete in such conditions.
The change in exchanges and the transition to electronic trading completely changed this situation, and an increasing number of women began to master the exchange business. Linda Raschke is a famous trader, the author of many trading strategies and systems, as well as the author of dozens of textbooks on stock trading.
Today, Linda Raschke has become not just a legend of the stock exchange world, but also an active trader and the head of the company LBRGroup, which manages billions of dollars in investments. The most interesting thing is that Linda knew from childhood what she wanted to become and made every effort to achieve her goal, and her life became an example for a million housewives.
However, it was not age that played the decisive factor, but an extraordinary love for graphs and numbers, which her father noticed in time. An extremely increased interest in her father’s work led to the fact that young Linda, already at a young age, was practically familiar with technical analysis and sorted through hundreds of charts in search of graphic models and patterns for her own father.
Conscious choice. First practice
After graduating from school, Linda decided to completely inherit her father’s profession, so in order to improve her knowledge and discover new approaches to market analysis, she entered the private Occidental College. It was there that Linda really learned about the stock exchange and the whole background of this profession.
Because Linda was a student who knew about markets beyond words and had actually analyzed hundreds of charts for her father, she found it very easy to learn. Having become a leader among her peers in terms of academic performance and demonstrating excellent analytical skills, she was chosen as one of the fund managers.
At that time, it was very fashionable to create small funds in order to catch promising students. At the very first stage of management, Linda proved herself to be an excellent manager, which only added strength to her desire to become a trader.
Broker's closed doors
After graduating from college and feeling comfortable as a manager, Linda desperately wanted to become a broker. To achieve her goals, she had to send her resume to hundreds of companies, but was rejected everywhere because she was still an inexperienced employee who had just graduated from college. However, at one point, luck turned and Linda was hired as an analyst at Crown-Zellerbach. Of course, this is not what she wanted, but it was the first step in her career.
The Pacific Stock Exchange was located near the main office where Linda worked. To improve her skills and get closer to her dream, Raschke came to the hall every day an hour before work and closely watched the traders. The girl’s increased interest in the stock exchange could not go unnoticed for a long time, so one young man immediately began teaching her options trading and passed on all the necessary knowledge.
Independent trading. Changes in life
After completing training with a trader, Linda was offered the first capital in the amount of 25 thousand dollars for independent sailing. Naturally, Raschke could not miss this opportunity, so she takes the money and leaves her job, while starting to conduct independent trading on the stock exchange platform. In the first year of work, Linda increased $25 thousand to $100 thousand and showed excellent results.
However, the white stripe was followed by a black one and literally overnight 80 thousand dollars were lost. Linda not only lost the money she earned, but also owed $30,000.
After a merciless failure, Linda was seriously injured when she fell from a horse while walking, which added a lot of problems and made it simply impossible to visit the gym for a long time.
Since Linda Raschke could not trade directly on the stock exchange, she decided to open the company LBRGroup and conduct internet trading. The emergence of the company greatly changed Raschke's trading style, so the failures were left behind forever. Today, Linda is not only a trader, but also an excellent trainer who regularly trains newcomers on the stock exchange.