Ep. 95: Chris Kacher and Gil Morales Interview with Michael Covel on Trend Following Radio

My guests today are Chris Kacher and Gil Morales.

Kacher is the co-founder of TriQuantum Technologies, a holding company for KJA wherein he is the lead portfolio manager. Dr. Kacher's metrics have called every major top & bottom in bitcoin since 2011 to within a few weeks of the top. He was up in 2018 vs the average performing crypto hedge fund at -54% (PwC).

Morales was personally recruited by Bill Oā€™Neil himself to join William Oā€™Neil + Company, Inc. as a Vice -President and Manager of the Institutional Services Division, responsible for advising over 600 institutional investor clients, and as an internal portfolio manager responsible for managing a portion of the firmā€™s proprietary, internal assets. From 1997 to 2005 he achieved a return of approximately 2100% in his portion of the firm's proprietary account. In 2004 he was named Chief Market Strategist at William Oā€™Neil + Company, Inc.

The topic is their book In The Trading Cockpit with the O'Neil Disciples: Strategies that Made Us 18,000% in the Stock Market.

In this episode of Trend Following Radio we discuss:

  • The "O.W.L." ethos, and the story behind it
  • Reversion to the mean mentality, and how it can often be the kiss of death for traders and investors
  • Trading psychology, the idea that "you must lose to win", how the least important statistic is your percentage of gains v. losses in your trading account
  • Dealing with emotionalism and why clients often want to hear something that will make them feel better
  • Teaching people to let go of the news and simply watch the price action
  • Why people think that "this time is different", put their trust in the central economy, and why trend following will survive into the future
  • Understanding that investing is always a process of changing along the way
  • What mental clutter in the way of fears, biases, concerns and more can build up in the mind and get in the way of clear and decisive decision-making

Jump in!

---

Iā€™m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and Iā€™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? Iā€™d like to give you a great piece of advice you can use in your life and trading journeyā€¦ cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Canā€™t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!