These setups can be applied to stocks, forex, crypto, and futures indexes, across multiple timeframes (from 5-minute charts to daily charts). Key Takeaways for Modern Traders
Raschke doesn't just trade any breakout; she waits for the "Momentum Kick."
So, what are some of the key takeaways from Raschke's book? Here are a few highlights:
In the world of trading, there are few names as respected as Linda Raschke. A renowned technical analyst and trader, Raschke has spent decades honing her skills and developing a unique approach to navigating the markets. Her book, "Street Smarts: How to Be a Street Smart Investor and Make Money in Any Market," has become a classic in the trading community, offering valuable insights and practical advice for traders of all levels. In this article, we'll take a closer look at Raschke's trading philosophy and explore the key takeaways from her book, which is available in PDF format.
Published in 1996 by M. Gordon Publishing Group, Street Smarts arrived during a shift in the markets. The rise of electronic trading was beginning to change the landscape, but Raschke and Connors argued that human nature—and thus market patterns—remains timeless. The book is not a theoretical textbook on economic indicators. It is a "manual" written by two practitioners who were actively trading their own accounts.
As the preface states, the authors' primary guiding belief is that ; profits will come only after risk has been defined and controlled. They stress that consistency is the secret sauce, and that "you only need ONE strategy to be prosperous".