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Bestselling author Michael Covel is the host of Trend Following Radio with 15+ million listens. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trading -- all passionately explored and debated. Guests include Nobel Prize winners: Robert Aumann, Angus Deaton, Daniel Kahneman, Oliver Hart, Harry Markowitz & Vernon Smith. More guests: Jack Canfield, Howard Marks, James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams. 1200+ episodes.

Jul 14, 2012

My guest today is Gil Morales. Morales got started in the early 90s, became a broker with Merrill Lynch in Beverly Hills, and moved on to work as a portfolio manager and ultimately chief market strategist at William O'Neil's firm (of IBD and CANSLIM fame). Morales eventually moved onto his own investment advisory firm with Chris Kacher.

The topic is his book Trade Like an O'Neil Disciple: How We Made 18,000% in the Stock Market.

In this episode of Trend Following Radio we discuss:

  • Morales' trend trading style
  • Morales' unexpected beginning
  • Morales actually started as a cartoonist, and discusses his early influences
  • Interesting stories working at the Beverly Hills branch of Merrill Lynch
  • William O'Neil's strategies, which ultimately provide the stepping stone for Morales' strategies today
  • How "you can't kiss all the babies", and how you have to keep from getting distracted with too many potential investments
  • How O'Neil's system is trend following at its core
  • Fibonacci sequences, the moment of "now"
  • Getting away from the rationale and the narrative of the trend
  • Why losers average losers

Jump in!

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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

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