Ep. 34: Gil Morales Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 14 July 2012

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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/

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

Can'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!

Transcript

Click on a timestamp to play from that location

0:00.0	This is Trend Following Radio, where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Coval.
0:24.0	Not filtered, raw, honest.
0:27.4	That's my passion.
0:33.1	You know, I love technology, but I have to admit, it is so unpredictable.
0:39.3	You know, this podcast coming up, great podcast with Gil Morales.
0:43.0	But I'm telling you, we had more issues with Skype.
0:47.2	But I think we've, on the editing side, we've got it all fixed.
0:51.0	But bear with us on a couple things.
0:52.7	And there is one moment where right at a
0:56.2	critical moment, Gil gets beeped by a Skype misstep, and he's actually saying Michael Jackson.
1:03.1	So just bear that in mind as you listen. But definitely an interesting podcast, but we try our
1:09.3	best with Skype, and sometimes it works for us, and sometimes it doesn't.
1:13.5	But anyways, enjoy.
1:23.8	So today on the show I have Gil Morales, and I think Gil is going to be an interesting comparison to my world.
1:32.2	And I'll explain what I mean by that in a second.
1:33.9	But anyways, Gil got started in the early 90s.
1:36.2	He's a broker with Merrill Lynch up in Beverly Hills.
1:38.8	I'm sure there's some great stories with that.
1:41.0	And eventually you moved on to work with William O'Neill, IBD fame, cancelm fame.
1:48.3	We're a portfolio manager there, ultimately became a market strategist there, and has moved on to
	...

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