Lessons from Linda Raschke (Yr 2000 but still 🔥 today)
Her take on systems, TICK,
and why simple still wins.
So back in August 2000, top trader Linda Raschke did an interview with Active Trader Magazine.
(Don’t bother Googling them.. the old URL now redirects to some dodgy casino site. I’ll drop the proper PDF link below 
)
And unlike the “I made bank from trendline breaks while sitting by the pool” interviews we’re bombarded with these days…
This one was real insight.
How a pro actually thinks. How she actually trades.
And yeah, it was 25 years ago… but as Jesse Livermore reminded us:
“There is nothing new on Wall Street… Whatever happens in the stock market today has happened before and will happen again. This is because human nature does not change.”
So here are some timeless takeaways.
LINDA’S BIG LESSONS
#1 Systems = Forecasting Value
Linda built trading models, but didn’t trade them blindly.
She used signals for bias.
If her model was long S&P, she’d align her scalps with the long side… not just buy because the system said so.
#2 “Length of Line” Filter
Measure the total distance price travels in a session.
Up 200, down 100, up 300, down 300 = 900 points.
The bigger the “line,” the better the intraday opportunity.
#3 Hold Time + Scaling
Her intraday hold time? About 10 minutes.
And she’d often scale.
Taking half off at target if unsure about follow-through.
#4 The TICK Index
She loved it. (Me too! Check my TICK Index webinar if you missed it.)
#5 Keep It Simple
Wyckoff springs. Upthrusts. Bull & bear flags.
You don’t need 100 patterns.
Just learn a few and master them.
Great stuff, Linda, really great stuff.
Full interview here [PDF link]