The Most Successful and Famous Female Traders
Success in the financial sphere depends on a person’s personal qualities, goals, and efforts. Not only men but also women who are interested in earning big money take part in trading operations on the international market. Contrary to popular belief and underestimation, females have many useful skills that are necessary for successful stock exchange activities.
Dedicating to International Women's Day, the following article will reveal and break down barriers and stereotypes about women in trading sharing the most successful examples.
To make money in the international market, you need to have a sharp mind, endurance, and discipline. Modern girls combine these qualities and successfully use them in practical trading. In most cases, women's trading is characterized by a measured and balanced approach. Even though the women are more emotional by nature, their representatives make fewer wrong decisions and are more often guided by a well-thought-out strategy.
Successful Female Stock and Crypto Traders
Any female who can think, analyse, and has start-up capital, on an equal basis with men, has the opportunity to become a trader and earn money on the stock market.
According to behavioral economists Terrence Odean and Brad Barber's study, men tend to trade more on average compared to female traders. Research by economists showed that men traded 45% more often than women traders and that over-trading reduced their net profits by 2.65 percentage points per year, compared with a result of 1.72 percentage points for women.
Therefore, female traders are sometimes more successful than their male counterparts. We bring to your attention the most successful women who conquered the challenges of the exchanges!
Linda Bradford Raschke
Net Worth in 2023 - $145 million
"Recommends novice traders not be afraid of mistakes and always analyze their deals."
Raschke started her professional trading career as a market maker in stock derivatives in 1981. Together with trading on the Philadelphia Exchange and being a Pacific Coast Stock Exchange member, she was a commodity-trading advisor (CTA). She also served as president of the American Association of Professional Technical Analysts and settled on the board of directors of the Market Technicians Association. Today she runs the LBR Group of Asset Management & trading business, which she founded after retiring in 2015."
Heritage:
As a professional trader of more than 40 years, she was highlighted in several books and shared her knowledge as well.
- Women of the Street: Making It On Wall Street -- The World's Toughest Business by CNBC financial reporter Sue Herera and The New Market Wizards by Jack Schwager.
- Along with Laurence A. Connors, she wrote a highly successful book Street Smarts—High Probability Short-Term Trading Strategies in 1995.
- Her book Trading Sardines: Lessons in the Market From a Lifelong Trader was written and released after her retirement. She has also been on radio, television, and in several financial journals and shows.
Her publications include the strategy of the basic 80-20 formula. It is composed of two blocks: the initial one opens in the lower (higher) 20% of its trading range and has a wide spread. Thanks to these works many traders discovered the secrets of the global market as she narrated important business details so the reader can be familiar with the principles of creating a strategy, and understand the key rules for managing personal wealth.
Some of Linda’s Trading Principles
- Don’t let a small losing trade turn into a big losing trade.
- Put your trades down on paper.
- The farther away the future, the more unknowable it is.
- Formal education is not a requirement for trading success.
- Experience can lead to success but not perfection.
- Even a profitable system can’t be followed without emotional discipline.
- Expect a swing trade to last 2-3 days but let it run 10 days or more when it is a big winner.
- Price action creates patterns. Your job is to trade the patterns correctly.
- Losing small is a skill so your profits are bigger than your losses.
- You must have the right attitude to deal with losses and setbacks.
Cathie Wood
Net worth $250 million, $60 billion (assets) ARK Invest
“The strongest bull markets I've been in are built on walls of worry.”
Katie (Catherine) Wood is an investor and founder of ARK Invest. During her 18 years at Jennison Associates, Wood managed to hold the positions of chief economist, equity research analyst, portfolio manager, and director. In 1998, Wood co-founded the hedge fund Tupelo Capital. In 2001, she joined Alliance Bernstein as a portfolio manager and case study strategist, managing more than $5 billion. In 2018, Wood appeared in the Bloomberg list of 50 people from the business, entertainment, finance, politics, technology, and science sectors that defined global business. Wood's investment thesis and style suggest that innovation is undervalued and the focus should be on disruptive companies that shape the future.
Heritage:
Wood founded the investment company ARK Invest (Active Research Knowledge) Investment Management LLC) in January 2014 at the age of 58. She invested $5 million of her own money over three years until the idea began to pay off. ARK Invest is one of the fastest-growing and most efficient in the world, according to American Forbes. The fund focuses exclusively on disruptive technologies such as artificial intelligence, robotics, energy storage, DNA sequencing, blockchain, and autonomous driving. Today, ARK is among the top 5 most profitable American equity funds based on average annual returns.
Also, Wood is one of the biggest boosters of Elon Musk's Tesla. She predicts the electric car company will someday be valued at over $3 trillion..
Kathy Lien
Net worth is estimated to be around $5 million
“Understanding the psychology behind Forex can give you a significant edge.”
Kathy began her career on Wall Street at age 18, working for JPMorgan Chase, making markets on the interbank foreign exchange (FX) trading desk and later rate derivatives, bonds, equities, and futures. In 2003, Kathy joined FXCM and started DailyFX.com, a leading online foreign exchange research portal. As chief strategist, Kathy managed a team of analysts dedicated to providing research and commentary on the foreign exchange market. In 2008, Kathy joined Global Futures & Forex Ltd as director of currency research, where she provided research and analysis to clients and managed a global foreign-exchange analysis team. Currently, Kathy serves as managing director of FX strategy at BK Asset Management in New York City.
Heritage:
In 2007, she co-founded BKForex where her trading strategies include cross-market analysis in predicting economic data with key components of BKForex's analytical techniques.
Kathy is often mentioned in The Wall Street Journal, Reuters, Bloomberg, Marketwatch, Associated Press, and other leading news publications. She also appears regularly on CNBC and Sky Business. Kathy is an internationally published author of books about trading, including:
- Day Trading the Currency Market (2006)
- Millionaire Traders (2007)
- The Little Book of Currency Trading (2010)
- Lien on Forex Trading Package: The Complete Guide to Profitable Trading Strategies (2013)
- Trading U.S. Dollar/Euro: Trading Tips and Strategies (2013)
- Day Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Swings (2015)
Kathy’s main strategy is to trade with a trend, identify falling and rising reasons and take the trend as a “friend”. When the trend is on your side, the profits become smoother and higher.
Stephanie Link
US Core portfolio with $3.7 billion in assets
Stephanie is a CNBC contributor and chief U.S. investment strategist and portfolio manager for Hightower's investment solutions division. Formerly, she worked at TIAA Global Asset Management as Director of Equity Investment Management and Active Portfolio Management.
She began her career at Dean Witter Reynolds in the institutional sales department. Before joining Nuveen, Link spent seven years at TheStreet as Chief Investment Officer and co-portfolio manager of Jim Cramer’s Charitable Trust. Before that, she served for 10 years at Prudential Equity Group as managing director of institutional sales and director of research. She managed her own US Core portfolio with $3.7 billion in assets and oversaw 33 investment professionals who collectively managed $40 billion. Today, Link is the head of the Investment Solutions Group which currently has $3B in assets under management.
Stephanie goes with the Barbell strategy, which involves committing 90% of the funds to safe investments and spending the remaining 10% on high-risk projects.
Heritage:
Stephanie currently serves as chairperson for the Investment Advisory Council at the Basking Ridge Presbyterian Church, NJ. As an investment professional with over 20 years of experience in managing money, Link’s insights are frequently sought at industry and financial events.
Raghee Horner
Net worth over $82 million
“I love trading and I love traders. It’s what I do and it’s the way I look at the world. My goal every single day is to help traders find their path through the markets to success.”
Raghee is the managing director of Futures Trading. Being in the trading markets for nearly 35 years Raghee created her own system-inspired approach and a sequential process. She is most well known for her specific tools (like her GRaB Candles, 34EMA Wave, Propulsion Dots, JT Multi Trend, Darvas 3.0, and VWAP tools).
According to her experience as a trend trader, she says that identifying a dominant market is the first step in investing. To visually represent the sentiment, momentum, and trend, she used three exponential moving averages along with color-coded candles. Any asset class (futures, options, equities, ETFs, currencies) can benefit from her strategy and instruments.
Raghee suggests traders look at the market objectively, free from judgment and emotional actions, by combining fundamentals, technical factors, and price action. Her strategy for forex is based on a few key principles, including various time frame analyses, following the trends, and dynamic risk management.
Heritage:
The publications written by Raghee are intended for a broad group of traders who operate in the financial market. Among some of Raghee’s books are:
- Forex Trading for Maximum Profit: The Best Kept Secret Off Wall Street (2004)
- Thirty Days of Forex Trading: Trades, Tactics, and Techniques (2006)
- Forex on Five Hours a Week: How to Make Money Trading on Your Own Time (2010)
Elizabeth Stark
Estimated net worth of $2-$5 Million
“It’s Bitcoin, you can’t tell people what to do.”CoinShares”
Elizabeth is a well-known internet advocate, instructor, and blockchain entrepreneur. She actively participates in the Bitcoin community and serves as a mentor for numerous startup companies that utilize Blockchain technology.
Stark has previously served as a visiting fellow at Stanford and Yale's Information Society Project and lectured on internet technologies. Her experience as an advisor goes from decentralized technology to artificial intelligence, and she was an entrepreneur-in-residence at Stanford StartX.
Heritage:
Stark is the CEO and co-founder of Lightning Labs, where she is utilizing quick, scalable blockchain transactions to create programmable financial layers which makes Bitcoin payments easier and faster. Furthermore, she guides Chia, a company developing a new blockchain system based on proof of space and time, and serves as a fellow at Coin Center, the world's leading center for digital currency policy.
Meltem Demirors
Net worth $1 billion
“I believe the world has shifted from asked 'if' digital currencies will succeed to 'how and when' digital currencies will become mainstream.”
Meltem Demirors is a lawyer, consultant, and bitcoin investor. Up until 2018, Demirors held the position of Director of Development at Digital Currency Group (DCG), an organization that develops and supports blockchain and Bitcoin businesses. From 2016 to 2018, Meltem Demirors was a member of the Global Future of Blockchain Council.
Currently, as a member of the WEF Blockchain Council Demirors promotes women's education and civil rights while teaching at the Massachusetts Institute of Technology and Oxford. She leads as CEO investing her own money into bitcoin ventures. CoinShares main strategy is to make digital assets easier to obtain by using dependable, regulated financial tools.
Also, Demirors has been managing Shiny Pony Ventures, with her own funds, since 2017.
Challenges Faced by Women in Trading
The stock market trading has gained a lot of popularity lately in movies. For example, "A Good Year," "The Wolf of Wall Street," and "The Big Short" are only a few examples of stock trading movies. And even though a lot of women work in this industry in real life, the primary characters in these movies are always men.
Even though the financial market opportunities are open to everyone, there are still common stereotypes like:
- The trader's profession is more masculine than feminine.
- The female body is not adapted for professional money management.
- If a woman has already entered the trading field, she will behave carefully and analyze not only losses but also profits.
- Women make small but reliable steps, and therefore the profit may be small.
Tips for Success as a Female Trader
Successful female traders have some important advantages. For example, they are less addicted to gambling than men. Here women plan deals more carefully, calculate risks, and do not rush after failures. Gradually learning the science of exchange trading, female traders sometimes achieve better results.
According to "The Leadership Experiences of Female Special Education Administrators" by Kerry E. Weir (2017), most women are better at "rapid task switching" which could be beneficial in chaotic trading environments. They tend to keep several things in focus at once, especially when they need to follow several transactions at once.
Here are a few tips for becoming a successful female trader you need to know:
- Educate Yourself:
Success in trading requires continuous learning. Use available online resources, live webinars, articles, books, and other courses targeted to different trading strategies. Joining trading groups can also help you learn from professional traders, participate in discussions, and ask questions. Additionally, follow the trends in the market and subscribe to reliable financial news sources.
- Create a Trading Plan:
Establish your trading goals at the beginning, including whether they are long-term or short-term gains or a mix of the two. Figure out your level of risk tolerance and set specific rules for the exact time of trades. Once you have an organized strategy, keep to it and avoid drifting from it due to emotions or changes in the market. Sticking to your plan consistently helps to stay disciplined and eventually reach your goals.
- Manage Your Risks:
Maintaining your capital and securing long-term success requires effective risk management. Use various techniques like stop-loss orders to reduce possible trading losses. Take care while valuing your positions and avoid overleveraging because too much risk might result in bigger losses. Making risk management a top priority can help to save your money and develop a trading plan that can withstand fluctuations in the market.
- Stay Informed:
Keeping up with market trends is crucial for making wise trading choices. News, economic statistics, and political developments may have an impact on trading assets. Use trading systems that offer real-time market data and subscribe to market newsletters. You can more accurately predict market trends, find good trading opportunities, and develop your strategy. On the other hand, never rely on uncertain news sources and confirm information from multiple websites.
- Embrace Confidence:
Trust in yourself can enhance your decision-making and overall performance. Build your confidence as a female trader by emphasizing your abilities, experience, and prior trading results. Surround yourself with traders who can support and inspire you to engage in constructive talks and gain experience. Your confident mentality can help approach good trading results.
Conclusion
As you can see, anyone who demonstrates ambition, patience, and organizational skills can be successful in trading. It is not a purely male or female activity.
Women tend to overthink and thoroughly consider the risks before deciding which investments to make and work to avoid possible losses. In many companies, women are often assigned to senior positions because they take a deeper approach to money-related tasks.
Women in Forex also have an advantage in terms of organizational skills. For them, trading forex is an intuitive and creative job as they employ their emotional intelligence and objective thinking, which is also obvious in cryptocurrency trading. Their skills enable individuals to make wise choices more quickly and predict market trends by observing minute details. Objective decision-making enables them to consider unique plans and handle unpredicted situations.
To conclude, there are not many differences between trading males and females. And if you've always wanted to try yourself at investing and trading, don't be scared to follow your dreams and realize your potential.
Disclaimer: Includes third-party opinions. No financial advice.
Related Articles
