Show Notes
Raoul Pal kicks off the Festival of Trading by revealing his personal investing philosophy and why he shifted away from short-term trading toward long-term compounding. He explains how he uses macro trends, liquidity, technical indicators, and risk management to identify opportunities across Bitcoin, Ethereum, Solana, Sui, and technology stocks. Raoul also walks through his approach to position sizing, volatility, and finding attractive risk-reward setups while avoiding the pitfalls of overtrading.
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Timestamps: 00:00 - Raoul Pal’s Trading Philosophy 01:12 - How Raoul Approaches Investing and Risk 03:47 - The Compounding Machine: Why Secular Trends Matter 05:08 - Business Cycles, Liquidity, and Portfolio Positioning 06:05 - How to Size Positions Using Volatility 08:59 - Tesla: Finding Entries in a Secular Uptrend 11:08 - Using Trend Indicators, Stop Losses, and DeMark Signals 14:59 - Why the Dollar Matters for Liquidity and Markets 17:15 - Ethereum: Measuring the Long-Term Opportunity 20:46 - Ethereum’s Risk/Reward and Potential Upside 23:07 - Sui: How Raoul Approaches Higher-Risk Crypto Bets 25:33 - Combining Technicals With the Macro Backdrop 27:21 - Why Raoul Concentrates in Technology and Crypto 30:35 - Building a Portfolio Around Time Horizon and Risk 33:23 - Why Raoul Prefers Holding Over Trading the Cycle
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More from Raoul Pal: The Journey Man
🏆 The Real Vision Trading is now open! The best trade ideas on the platform compete for $80,000 in cash! 📈 Register for FREE to secure your spot: https://realvision.com/your-future?utm_medium=social&utm_source=youtube&utm_campaign=2026_uyf&utm_content=journey-man
🏆 The Real Vision Trading League is now open! The best trade ideas on the platform compete for $80,000 in cash and $20,000 in Real Vision memberships. Register for free to secure your spot. 📈 Trading League: https://realvision.com/your-future?utm_medium=social&utm_source=youtube&utm_campaign=2026_uyf&utm_content=journey-man Why does growth keep slowing? Why does everything feel so expensive? Why do assets keep going up while wages feel flat? And why is AI arriving right now?
Raoul Pal unveils the GMI Dashboards on Real Vision, bringing his macro investing framework and market analysis tools directly to individual investors. He demonstrates how to track the business cycle, global liquidity, market trends, and risk using powerful AI-driven dashboards. From the free tools to the advanced Alpha and Pro features, Raoul shows how investors can identify opportunities, manage portfolios, and make more informed decisions using the same frameworks that guide his market outlook.
Raoul welcomes back Emad Mostaque, Founder & CEO, Intelligent Internet, to explore how rapidly improving AI agents are crossing from impressive tools into genuinely useful, economically disruptive workers capable of transforming productivity, businesses, and entire industries. Raoul and Emad also discuss collapsing intelligence costs, robotics, labor displacement, energy and compute constraints, and what the acceleration of AI could mean for markets and the global economy.
Raoul welcomes back Ran Neuner, co-founder of OnChain Capital, to discuss why Ran believes crypto is entering its first real bull market, driven by genuine product-market fit, growing protocol revenues, tokenization, and an altcoin-led cycle. Ran argues the much bigger opportunity is the convergence of AI agents and blockchain, with potentially billions of agents using crypto rails for always-on transactions. Recorded September 23, 2026.