My guests today are Chris Kacher and Gil Morales.
Kacher is the co-founder of TriQuantum Technologies, holding company for KJA wherein he is 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 O’Neil himself to join William O’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 firm’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 O’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
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