Outliers, Trading Hogs and Taking the Loss with Linda Raschke

On this special episode and Season 1 Finale of Limit Up!, John Hoagland and Mark Meadows talk with Linda Raschke about her newest book “Trading Sardines” and some of her personal highlights as a trader, including how she recovered from some of her biggest trading losses and how she built up the stomach for outlier events. Linda Raschke is a successful active trader and money manager with an impressive track record of almost forty years and an esteemed profile with Market Wizards. She is also a returning guest to the show. In Linda’s third second appearance on Limit Up!, hear her take on:[03:49] Her latest book Trading Sardines[06:07] What a formula for success looks like[08:02] Creating communities in trading[10:46] The importance of correcting mistakes immediately[13:17] Having the stomach for a big loss[15:23] Surviving outlier events[17:10] Investing in hogs when Swine Flu hit[19:05] How to manage emotions when trading[23:57] Watching the volatility in your bottom line[25:46] Why you might ignore your P&L after a big loss[28:16] Having a process and staying accountable[31:31] Finding success after a period of losses[33:19] Staying in the gameBe sure to catch up with Linda Raschke on Twitter @LindaRaschke and get a preview of her new book at lindaraschke.net. Limit Up! is a podcast for traders of all levels brought to you by Topstep. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.