The TraderLion Podcast

The 10 Lessons Part Time Traders NEED to Learn to be Successful - From Market Wizard Linda Rashke

23 snips
Apr 25, 2026
Linda Bradford Raschke, a 45-year market veteran, Market Wizard and founder of LBR Capital Management. She explains how to trade part-time by treating trading as a hobby, narrowing to one or two strategies, and keeping strict process and record-keeping. Short time-of-day plays, disciplined position sizing, and resisting overtrading are highlighted through vivid trader case studies.
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ADVICE

Lower Frequency And Specialize In One Market

  • Lower trade frequency and specialize in one market to avoid marginal trades and overtrading.
  • Linda recommends patience, tracking time-of-day performance, and keeping stats to find when you trade best.
ADVICE

Scan At Night And Place Trades Before Work

  • Use nightly scans to set trades to put on at the open and then leave for your job; one trade a day can be enough.
  • Linda suggests buying calls on relative-strength leaders at the open and checking markets only after work.
INSIGHT

Chunk The Day With An 8AM Opening Range

  • Chunk the trading day into structured windows like the 8 a.m. opening range to create repeatable short-term trades.
  • Linda models using the first 20-minute breakout with fixed exits or trailing stops for 10–30 minute holds.
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