Linda Raschke

Many people mistakenly believe that only men can achieve success in the stock market. You'll agree that if you look at success stories, or even just photos of trading floors, it's quite difficult to find representatives of the fairer sex.

In the early stages of stock trading, it was crucial to possess not only analytical skills but also physical ones, as they had to fight their way through a huge crowd to obtain relevant data and place orders.

Thus, it was quite difficult for women to compete in such conditions. The changes in exchanges and the transition to electronic trading completely changed this situation, and more and more women began to master the stock market.

Linda Raschke is a renowned trader, the author of numerous trading strategies and systems, and the author of dozens of trading tutorials. Today, Linda Raschke is not only a legendary figure in the stock market, but also an active trader and the head of LBRGroup, which manages billions in investments.

Most interestingly, Linda knew what she wanted to be from childhood and made every effort to achieve her goal, and her life has become a role model for millions of housewives.

Linda was born into a large family in 1956 in the United States. Her father was the family's main breadwinner and Linda's future role model. He was a professional stockbroker. As the eldest daughter, Linda had to constantly help her father with his work.

However, it wasn't age that played the decisive factor, but rather her extraordinary love for graphs and numbers, which her father had quickly noticed. This intense interest in her father's work meant that young Linda was already familiar with them at a young age technical analysis and went through hundreds of charts in search of graphical models and patterns for her own father.

Conscious Choice: First Practice

After graduating from high school, Linda decided to fully follow her father's profession. To further her knowledge and discover new approaches to market analysis, she enrolled at Occidental College, a private college. It was there that Linda truly learned about the stock market and the ins and outs of this profession.

Since Linda was a student who knew about the markets not just from hearing about them but from analyzing hundreds of charts for her father, she found learning easy. Having risen to the top of her peers in academic performance and demonstrating excellent analytical skills, she was chosen as one of the fund's managers.

At the time, it was fashionable to create small funds to capture promising students. Linda proved herself an excellent manager from the very first stage of her management, which only fueled her desire to become a trader.

Broker's closed doors

After graduating from college and finding her footing 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 by them all, as she was an inexperienced employee fresh out of college. However, one day, luck turned, and Linda was hired as an analyst at Crown-Zellerbach. Of course, it wasn't what she wanted, but it was the first step in her career.

The Pacific Stock Exchange was located near Linda's main office. To improve her skills and get closer to her dream, Raschke came to the floor every day an hour before work and closely watched the traders. Her keen interest in the exchange couldn't go unnoticed for long, so a young man immediately began teaching her options trading and imparted all the necessary knowledge.

Independent Trading: Life-Changing Experiences

After completing training with a trader, Linda was offered her first capital of $25,000 to start her own business. Naturally, Raschke couldn't pass up the opportunity, so she took the money and quit her job, starting independent trading on the stock exchange. In her first year, Linda increased her $25,000 to $100,000 and demonstrated excellent results.

However, the winning streak turned to a dark one, and literally overnight, $80,000 was lost. Linda not only lost her earnings, but also found herself $30,000 in debt.

After a merciless setback, Linda suffered a serious injury after falling from a horse while riding, 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 tradingThe company's launch significantly changed Raschke's trading style, leaving her failures behind. Today, Linda is not only a trader but also an excellent coach, regularly training newcomers to the exchange.