In Jack D. Schwager's book "The New Market Wizards," Linda Bradford Raschke is the protagonist of one of the chapters, and she is also the only female among the 33 successful traders interviewed by Schwager.

Perhaps up to now, many people have not heard of the name Linda Bradford Raschke. She has already been a "veteran" in the trading world. As early as 1981, Linda started professional trading and has been in the industry for nearly 40 years. During her 40-year trading career, Linda has achieved remarkable results.

Tripling her principal in three months, then losing $30,000 overnight

Linda's father was an enthusiastic trader, and under his influence, Linda has been interested in trading since childhood. After graduating from university, Linda went to San Francisco in search of a job as a securities broker but was rejected several times. Finally, Linda found a job as a financial analyst in a paper company.

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When Linda first started trading, the $25,000 principal was borrowed. Perhaps it was good luck, or maybe the market was more favorable to beginners, in just three months, Linda's funds doubled. However, such good fortune did not last long. In a short-selling transaction, Linda encountered an unexpected market situation and lost all of the $50,000 in her account overnight, incurring a debt of $30,000.

However, that loss did not deter Linda; instead, it ignited her passion for trading, and she gradually embarked on the path of becoming a successful trader.

Greedy when others are fearful, making a seven-figure profit from a short positionOn October 19, 1987, Black Monday, the global stock markets plummeted. That day, all news media were talking about panic, panic, panic, but what Linda was thinking in her mind at the time was "Great!" As the market continued to fall, Linda waited until the afternoon and then bought a Standard & Poor's index futures contract. After that, during the last trading hour, Linda kept buying. By the end of the day, Linda had ten long contracts in her hands.

The market closed near the lowest point of the day, and Linda had a floating loss of about 100,000 US dollars. However, she was not troubled by this because she believed that the futures market at that time had a significant discount compared to the stock index and believed that the market would open higher the next day, which eventually turned out to be as Linda had anticipated. Linda said that if you want to become a top trader in the market, you must know when to take a gamble.

This point was reflected in several of Linda's trades. Linda made her first seven-figure profit with extraordinary courage. According to Linda's recollection, she was short on the S&P 500 index e-mini contract at that time. The market was in an overbought state, and seeing this, Linda began to short after the market opened. Sure enough, the market kept selling that day, so she kept increasing her investment until the market closed. That time, Linda made millions of US dollars in profit.

Pay attention to the combination of fundamental and technical analysis

In 2002, Linda established her own hedge fund, which was once selected as the 17th best performing fund in the top 5 years at that time. Linda said that in trading, she would first understand the fundamentals, find the imbalances in the market, and then find the entry point through technical analysis.

From 2002 to 2007, arbitrage trading was very popular, and many investors were using low-interest-rate yen to invest in other high-yield currencies, and Linda was no exception. During that time, she traded a large amount of yen in this way and reaped a lot.

Linda's investment quotes:

1. I firmly believe in predicting the direction of price changes rather than the magnitude of changes. I don't set price targets. If the market situation tells me it's time to get out, I'll get out, instead of considering how far the price has gone. You must quickly take away the profits that the market brings you, even if it's not much, and quickly get out with a small profit, without hesitation.

2. The best trades come from when everyone is panicking. You can draw the fluctuations of the price around the equilibrium level, just like a rubber band being pulled - if it's pulled too far, it will eventually snap back.3. I realized that I am just a mortal, and I will always make mistakes. I can only try to make as few as possible, detect them as soon as possible, and correct them immediately.

4. When everyone wants to sell, that's when I want to buy.

5. Trading is more of a meritocracy than any other field. People only care about your performance, not whether you are a man or a woman. If you do well, you can get financial support. On the contrary, if you are not competitive as a trader, even being a man will not help.