Ritesh Patel ⚡️

Builder turned backer. Early-stage startups, manufacturing, fintech, digital assets. Tennis, travel and trading markets. ATX
@Cornell @KelloggSchool

[Ritesh Patel ⚡️ @razoreyes]

Tennis and investing have a lot in common.

Focus on the scoreboard and you won’t play the point in front of you. Most matches are lost on unforced errors, not won on winners.

Same with portfolios.

[Ritesh Patel ⚡️ @razoreyes]

@bot send me my https://t.co/hHOydnkei5 email address

[Ritesh Patel ⚡️ @razoreyes]

@mikealfred 👍

[Ritesh Patel ⚡️ @razoreyes]

👇 Read and consider the value of human capital vs humanoid capital. In the future, human capital will be most valued in uniquely human-first use cases/experiences where our willingness to pay for them will be very high!

[Rothmus 🏴 @Rothmus]

A humanoid is a capital good on a scale that changes the constraint. It lengthens production and raises what labor and land can turn out, which is the abundance Elon is pointing at.

A person supplies about 2,000 hours a year. A robot on a 168 hour week supplies about 8,700. His floor of 1 billion within 10 years, priced in the low 10,000s, equals about 4 billion full time equivalents against a world labor force of 3.5 billion.
The 10 billion at 15 years is an order of magnitude past that.

Robots building robots still require saving, because energy, materials, and machines have to be bid into that line.
Expected abundance holds for ordinary wants which is what matters for people as consumers. Housing, food, care, and routine medicine get repriced toward energy and materials until a household’s budget stops being what limits them.

An owner running 100s or 1,000s of agents earns the return on that capital stock, which is also how universal high income shows up as purchasing power.

Money prices remain the way to allocate whatever is still scarce, that is energy, locations, raw materials. At least in the short term.

Energy is the binding input, and settling more than one planet adds land, minerals, and generation beyond a single world.

TLDR: (1) More energy. (2) Multiplanetary doesn’t hurt.

[Ritesh Patel ⚡️ @razoreyes]

@options_insight 💯 It’s always the wicks that get you!

[Ritesh Patel ⚡️ @razoreyes]

This behavior is also known as gambler’s fallacy. You think you are due a win, see patterns that aren’t there because your amygdalae is in control whispering to you. We are hardwired to lose and as you size up and are playing at a different level it gets harder unless you’ve built the discipline. This is why most traders don’t survive the game.

[Imran Lakha | Options Insight @options_insight]

A daily P&L target is how a small morning loss turns into a big afternoon one...

You come in with a number you need. First trade's a loser. By lunch you're chasing, and you're taking setups you'd pass on any other day because you've got a number to hit.

Some days there's just no vol worth selling. For me, no trade is a decision too on those days.

So I'd judge the day on whether I stuck to the process and let the P&L show up over months. Some days you're flat and glad of it, and some days the job is just keeping a small loss small.

[Ritesh Patel ⚡️ @razoreyes]

@mikealfred Reading these comments, it seems I’ve joined the right group. I can’t wait for the Texas meetup!

[Ritesh Patel ⚡️ @razoreyes]

@options_insight This is the way. When the facts change so does our view. Intelligence over Arrogance.

[Ritesh Patel ⚡️ @razoreyes]

@options_insight 💯

[Ritesh Patel ⚡️ @razoreyes]

@mikealfred @TimKotzman On a plane headed to watch the Cincinnati masters finals with my kiddo and I show him your posts as I talk to him about investing. Waiting for a wine dinner in TX!

[Ritesh Patel ⚡️ @razoreyes]

@options_insight Yea, I think it’s been a great environment to sit tight and sell covereds on your long book and earn theta if you were up on names this year but short gamma trading has been hard as the market is behaving as you describe.

[Ritesh Patel ⚡️ @razoreyes]

@options_insight @multistratmark Excellent interview with a systematic trader. I like 0DTE factors as a concept and agree with his GEX view. It’s just not reliable enough or backtested well.

[Ritesh Patel ⚡️ @razoreyes]

@mikealfred Oh my, loved it. I have feel too, but your articulation is superb. Had to jump on and off but want to come up next time as a speaker! Somehow, you are speaking your truth but can almost introspect as other people whose setup is quite different. You realize this is a superpower?

[Ritesh Patel ⚡️ @razoreyes]

@mikealfred I get that momentary feeling often after I drop my kids to school and find a new coffee shop in Austin to work from for the day and find a cozy spot.