The 12 Timeless Trading Rules of Linda Raschke (Condensed)
Market veteran Linda Raschke has distilled decades of experience into these fundamental principles:
1. Buy the first pullback after a new high, sell the first rally after a new low.
2. Morning reversals are stronger than afternoon ones.
3. Large gaps often lead to trends.
4. Watch how the price behaves around key pivot zones high/low of the previous day.
5. The first and last hours of trading reveal the strength of the day.
6. High volume at the close = likely continuation the next day.
7. The range of the first hour sets the tone - trade early if the trend is clear.
8. Four timeless principles:
• Trends are more likely to continue than to reverse
• Momentum leads price
• Trends end with failures
• Markets alternate between range and breakout
9. No one knows the future - trade what is, not what could be.
