Thread by @Richard_Rangel_

1) Over the past month I have been asked abt my #investing #trading process from what I believe are ex or new @Hedgeye subs. This will be my thread on what I have learned from @KeithMcCullough & his team over the past 2+ yrs. I will NOT give you the keys, you have to do the work.

2) The only paid subs I have are to @Hedgeye (All Acess Pass) and @realvision . Everyone has an opinion & "process", BUT IMO H.E & R.V PROVIDE the best data based opinions and content.

Below is my core list of podcasts I listen to on a regular basis.

https://twitter.com/Richard_Rangel_/status/1240601615553437701?s=20

3) #RiskRanges. Seems to be the most misunderstood. KM has said it (x) times, they are dynamic & change as THE PRICE changes. Look @ them as KM's version of moving monkeys (MMs). Pull up your favorite chart, + however many MMs & watch it through out the day, all #'s change.

3a) #RiskRanges R based on the PREVIOUS DAY CLOSING $. IMO the BEST info the RRs gives U is the trend, Bull/Bear. I don't pay attention 2 the proved range bcs the $ has already changed in AH & PM trading. The RR is still a good calculated probability of the price range 4 the day.

3b) #RiskRanges I have found that using a 4hr chart to calculateMY daily RR prices has a higher probability of hitting the top/low range in a day. I also use a 1H which will hit T/L about 2-3 times. This works better for ME. YOU have to decide the time frame you want to play.

3c) #RiskRanges Use Hedgeyes risk ranges as a tool. They have done their work and provided you with a trend and a price range. YOU have to apply it to YOUR risk tolerance and trading style.

I don't use the RRs for long term trades. I use them for short term trades and options.

4) #RealTimeAlerts Again, Hedgeye has put in the work, they are the pros (or THIS IS WHAT THEY DO). When the alert it given they don't provide what duration the put/call is, or if they just sold a position previously held. What I do, is run a risk range before trading it.

4a) #RealTimeAlerts Once I run MY risk ranges, based on a 5m, 30m, 1H, 4H chart, I then decide the call/put strike and duration. Each one of the time frames I run will have a price range in common since they are all less than 1 day. I take that range of numbers to place MY bet(s)

4b) #RealTimeAlerts Again, take the info they provide & MAKE IT YOUR OWN. If U R a new sub, U have to crawl before U walk. I know U paid the $ & want to make $ right away, but take the time to learn HOW TO USE the process. Otherwise U will learn like I did, by losing $.

5) At this point my long only is 75% cash / 25% in (not because its the best, but held for a while & I think is a good mix of PMs).

This is going to sound crazy. As of today I don't care about what the data is saying, which is why I'm 75% cash. I am just following the $$.

5a) That said, here is MY rank of HE products.
1 Macro Show
2 RRs (does the pro's TREND confirm mine)
3 ETF Pro + / Investing Ideas / Market Edges
4 RealTimeAlerts (more idea I might not be watching for quick options trading)
5 Early Look (refer back to being Why I'm 75% cash)

6) I began trending KMs RR after getting frustrated a few times (didn't understand them & traded wrong). This lead to playing w/ diff indicator formulas to come up w/ my own charts using excel & RRs. I began doing this just for myself and then doing it for friends with 401Ks.

6a) Link to pinned tweet showing the excel charts I make. Made some small calculation and minor visual changes since the posted tweet, but basically the same.

https://twitter.com/Richard_Rangel_/status/1192405727953981440?s=20

6b) As mentioned in other tweets, trading/investing is not my job or primary source of income. I am self employed and work offshore. Trading/Actively managing my savings/retirement account is something new and more of a way to help out my retirement account vs the #oldwall way.

6c) Im 38 & eventually will "retire" from oil&gas, will look 2 do something else. Im working on a webpage/mobile app to trend 401Ks. These ppl R the 1s that don't look @ their investments & get screwed the most. Currently use Discord to post charts, ive posted links in the past

7) These pages are free for now and if theses help anyone then great. Like H.E's process U have to learn how to read & use it. One example below from a friend's 401K fund.

Also a clip of an email sent on 2/2 to a mentor to move into safety.

Ricardo = Richard = Rick

7a) Last one. Weekly risk range for a couple of friend's 401Ks.

Compare the upside for the week ahead vs the downside risk. 1W & 1M chart works better for LT investing.

First one is / #Transocean 401K @ 2/14/20.

Second one is for / #Capgemini 401K as of 4/2/20