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Robinhood now lets your AI agents trade stocks

techcrunch.com

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Re: Robinhood now lets your AI agents trade stocks

#51

Post by tombert »

klodolph wrote: post #44
tombert wrote: post #28

Earlier quoted context omitted.

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.

Even given that, I don't see any reason I couldn't also just mimic what QQQ does with the MCP.

Re: Robinhood now lets your AI agents trade stocks

#52

Post by klodolph »

tombert wrote: post #51
klodolph wrote: post #44

Earlier quoted context omitted.

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.

Even given that, I don't see any reason I couldn't also just mimic what QQQ does with the MCP.

Real question, where are you going to buy the swap agreements?

Re: Robinhood now lets your AI agents trade stocks

#53

Post by tombert »

klodolph wrote: post #52
tombert wrote: post #51

Earlier quoted context omitted.

Even given that, I don't see any reason I couldn't also just mimic what QQQ does with the MCP.

Real question, where are you going to buy the swap agreements?

If you're asking about the average person, no.

I am in the "false confidence" stage of Dunning Kruger Syndrome for finance stuff, so I personally would do swap agreements, but I'm not an average case.

Re: Robinhood now lets your AI agents trade stocks

#54

Post by toomuchtodo »

snek_case wrote: post #22
toomuchtodo wrote: post #8

Earlier quoted context omitted.

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

Maybe synergistic with tokenmaxxing. You should be burning more tokens, and you should also be making more trades.

The only way to win is to not play.

https://www.bogleheads.org/wiki/Getting_started

Re: Robinhood now lets your AI agents trade stocks

#56

Post by klodolph »

tombert wrote: post #53
klodolph wrote: post #52

Earlier quoted context omitted.

Real question, where are you going to buy the swap agreements?

If you're asking about the average person, no. I am in the "false confidence" stage of Dunning Kruger Syndrome for finance stuff, so I personally would do swap agreements, but I'm not an average case.

I realize I might have been mixing up QQQ with ultra pro QQQ… anyway, yeah, you can replicate QQQ. I was thinking of Ultra Pro QQQ.

Re: Robinhood now lets your AI agents trade stocks

#57

Post by Aperocky »

freediddy wrote: post #50

You 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.

If you know how to trade stock algorithmically, then this "letting" part don't really apply.

This is only about removing friction for the non-professionals to rapidly burn their money...

Re: Robinhood now lets your AI agents trade stocks

#58

Post by geoffschmidt »

grey-area wrote: post #23
rickcarlino wrote: post #13

Will we start seeing stock market dips and spikes correlated to model releases?

No, we will not, because LLMs are terrible at trading and if they weren’t would have been adopted by professionals long ago.

They were adopted by professionals long ago, and those highly tuned and validated proprietary models are going to kick the butt of the models that you have access to every day of the week.

Re: Robinhood now lets your AI agents trade stocks

#59

Post by sometimelurker »

There needs to be a ton of regulation of this eventually. this will not be a problem from a safety perspective today, but a smarter-than-human agent trained on long-horizon tasks should not be given access to influence the market unless this is done very carefully.

Re: Robinhood now lets your AI agents trade stocks

#60

Post by rwmj »

butterlesstoast wrote: post #19

I wonder how much Robinhood will profit from this change. Obviously how much the average user will profit / compile debt from this change is a lot more variable.

I was definitely wondering this. As I understand it they make money on order flow and don't charge for transactions (is that right?). But allowing LLMs to trade dilutes the true information in the order flow.

On the other hand maybe it's just chasing trends, like their previous forays into blockchains. It pays because it keeps their name in the news.

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