21–30 of 192 posts
If there was anything missing from the average American’s economic wellbeing, it was the ability to create bespoke financial products to scalably make bets against informed professional traders while they sleep.
I don’t understand this constant fascination with having language models trade stocks. Language models are very useful tools but not aligned at all with generating alpha.
AI agents for trading, as well as 24/7 trading are no different than offering sports gambling and prediction markets to the masses; it is a vacuum for the fiat of the unsophisticated. The goal is more trading volume to generate more fees, similar story with private equity wanting access to 401ks to unload PE at peak valuations to bag holders. https://en.wikipedia.org/wiki/Parable_of_the_broken_window
Will we start seeing stock market dips and spikes correlated to model releases?
If there was anything missing from the average American’s economic wellbeing, it was the ability to create bespoke financial products to scalably make bets against informed professional traders while they sleep.
If there was anything missing from the average American’s economic wellbeing, it was the ability to create bespoke financial products to scalably make bets against informed professional traders while they sleep.
I am sure there are some very happy people in the larger firms due to this news.
Entering the SmarterChild economy
I don’t understand this constant fascination with having language models trade stocks. Language models are very useful tools but not aligned at all with generating alpha.
I didn't like the relatively high fees for QQQ, and I realized that Invesco releases the weights for QQQ for free. I also think Tesla is too overvalued, and I want to avoid the SpaceX IPO. With the Interactive Brokers MCP, I just feed it the CSV of QQQ's weights, tell it to remove and redistribute Tesla, and then I tell it to buy "$1000 of pseudo-QQQ", in the form of raw stocks.
Doing this, I still basically get the same exposure as QQQ, without any fees.
EDIT: Some of the responses here were right; this is a actually a bad idea, at least with the naive way I was describing it. There's a lot more tax stuff that you avoid with ETFs compared to the makeshift thing I'm describing.
This is wild. I nearly got banned from Robinhood for just running DCA using an unofficial python api. Crazy how times change.
I don’t understand this constant fascination with having language models trade stocks. Language models are very useful tools but not aligned at all with generating alpha.
They’re great at generating alpha, just not for these users.