Another way for retail to get themselves and their AI agent wrecked. Will be waiting for the notice to say that 70% of users lose money to now 90% of users lose money.
"Diversify my portfolio. Lose no money."
Robinhood now lets your AI agents trade stocks
41–50 of 192 posts
Re: Robinhood now lets your AI agents trade stocks
#42If 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.
Quite ironic. The original Robin Hood took from the rich and gave to the poor. Robinhood, the app, seems to do the exact opposite: it helps the rich get richer at the expense of regular folk.
They turned Robin Hood to Robbin’ the Hood
Re: Robinhood now lets your AI agents trade stocks
#43I was a fan of Robinhood's mission of democratizing finance and prioritizing UX for casual traders. They seem to jump on every hype train though, crypto, prediction markets, now agentic trading, whether it is ethical or not or good for their customers or not, and it seems like the distance between "democratizing finance" and "finding new suckers" is closing. Disappointing but not surprising.
I want to trade whatever I want. Why would I want them to place limits on my choices? I don't need them to be my parent.
Re: Robinhood now lets your AI agents trade stocks
#44I 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 use the Interactive Brokers MCP pretty heavily. I don't do any cool automatic fun "trading", but instead I use it to have "pseudo-QQQ". 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…
QQQ gets the leverage from, among other things, swap agreements and futures. I don’t think what you have could be reasonably considered “pseudo-QQQ”. It’s like copying a cake recipe, but leaving out the flour and eggs because they are too expensive.
Re: Robinhood now lets your AI agents trade stocks
#45If 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.
Quite ironic. The original Robin Hood took from the rich and gave to the poor. Robinhood, the app, seems to do the exact opposite: it helps the rich get richer at the expense of regular folk.
Well, have your seen the current size of Sherwood forest
Re: Robinhood now lets your AI agents trade stocks
#46I 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 use the Interactive Brokers MCP pretty heavily. I don't do any cool automatic fun "trading", but instead I use it to have "pseudo-QQQ". 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…
I feel like you could probably have the AI write a script that uses the API to do the same thing, except this time you have code you can test rather than relying on the probabilistic machine every time you do a trade.
Re: Robinhood now lets your AI agents trade stocks
#47I 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.
Alpha is ultimately the result of analysis, of better analysis than others.
LLM's can actually be exceptionally good at research and pattern recognition, i.e. analysis. And while they aren't great at running numbers themselves, they can do exceptional work passing off Python scripts to an interpreter to generate the numerical results they need.
I'm quite sure the Robinhood AI is going to be trash, i.e. just a gimmick.
But, it's not crazy to think that with the right harness, there are big opportunities for identifying profitable strategies. Especially relying on unparalleled and essentially unlimited research capacity based on public information. More analysis than any single firm could ever hire.
And even for Robinhood users, it's entirely plausible that AI-traded stocks will perform much better than the trades a majority of users would make, since most investors are really unsophisticated.
Re: Robinhood now lets your AI agents trade stocks
#48If 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.
Quite ironic. The original Robin Hood took from the rich and gave to the poor. Robinhood, the app, seems to do the exact opposite: it helps the rich get richer at the expense of regular folk.
I believe you’re confusing access with outcomes. Giving people access to markets isn’t exploitation afaic.
If you’d like to make dubious trades that’s your prerogative and who am I to stop you.
Re: Robinhood now lets your AI agents trade stocks
#49Earlier quoted context omitted.
Quite ironic. The original Robin Hood took from the rich and gave to the poor. Robinhood, the app, seems to do the exact opposite: it helps the rich get richer at the expense of regular folk.
I believe you’re confusing access with outcomes. Giving people access to markets isn’t exploitation afaic. If you’d like to make dubious trades that’s your prerogative and who am I to stop you.
You are a member of society. Society stops people doing harmful things to themselves all the time.
Re: Robinhood now lets your AI agents trade stocks
#50You already could trade stocks algorithmically for decades. I don't see the value in letting the AI agent trade completely autonomously though.
This feels like when everything became webified for no reason, or everyone added features like 3D TVs that were clearly not necessary.