Words of Rizdom
Linda Raschke - The REAL Founder Of The Turtle Soup Trading Strategy
Apr 1, 2025
Linda Raschke, an accomplished author and trader with over 40 years in the market, shares her journey and insights. She elaborates on the renowned 'Turtle Soup' trading strategy she developed in the '90s, emphasizing the role of heavy technical analysis. Discussion includes key traits of successful traders, such as focus and resilience. Linda reflects on the symbiotic relationship between intuition and analysis in trading, and how personal experiences shape confidence. She also addresses the evolution of trading practices and the challenges of navigating market volatility.
01:24:22
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Quick takeaways
- The 'turtle soup' strategy underscores the importance of personal testing and analysis in adapting to evolving market conditions.
- Maintaining a focused mindset is essential for trading success, necessitating the elimination of distractions, particularly from social media.
Deep dives
The Concept of Turtle Soup
The term 'turtle soup' was coined during the development of a trend-following strategy and represents a jovial reaction to the failure of such strategies. Initially intended as a lighthearted concept, it highlights the pitfalls traders face when relying on previously popular strategies that may no longer work. The idea emphasizes the need for traders to conduct their own testing and analysis to understand the longevity and reliability of trading signals. By modeling frequency of occurrence and results, traders can better assess the validity of such concepts over time.
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