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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

#61

Post by tombert »

klodolph wrote: post #56
tombert wrote: post #53

Earlier quoted context omitted.

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.

I mean, even still, my point stays the same; if you have access to their strategies, I don't see why you can't just get the MCP to directly mimic that.

Re: Robinhood now lets your AI agents trade stocks

#63

Post by tombert »

piperswe wrote: post #46
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…

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.

I did that first actually.

I don't let it buy anything without confirming, and I will load the CSV into Google Sheets to make sure that the numbers more or less correspond to what I think they will. It's just easier to directly use the MCP and set up some custom skills for what I want to do.

Dunno, it seems to work fine.

Re: Robinhood now lets your AI agents trade stocks

#65

Post by iAMkenough »

Jagerbizzle wrote: post #48
jkukul wrote: post #21

Earlier 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.

I have access to a car and bottle of bourbon, but there are laws that restrict me from drinking and driving.

Re: Robinhood now lets your AI agents trade stocks

#66

Post by klodolph »

tombert wrote: post #61
klodolph wrote: post #56

Earlier quoted context omitted.

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.

I mean, even still, my point stays the same; if you have access to their strategies, I don't see why you can't just get the MCP to directly mimic that.

Because it is not possible for you (personally) to buy the underlying components of leveraged ETFs.

Re: Robinhood now lets your AI agents trade stocks

#67

Post by pants2 »

tyre wrote: post #3

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 disagree, AI agents could help level the playing field. Citadel doesn't have any AI models that are better than what you or I have. Market data is more accessible than ever. As LLMs get better at trading, the difference in capability between you and a professional trader gets smaller.

Also, Claude knows about a lot of the traps that consumers can fall into: spread, execution, risk concentration, etc. -- high chance that if I tell Claude I'm thinking of going all in on AMC because some Reddit post told me to, it'll say "slow down cowboy"

Re: Robinhood now lets your AI agents trade stocks

#68

Post by nine_k »

demorro wrote: post #49
Jagerbizzle wrote: post #48

Earlier quoted context omitted.

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.

This should be limited to giving advice (education, warning, explicit consent), unless there's harm to third parties.

Because, you know, certain actions and even thoughts can lead to eternal damnation in Hell, according to what a society may think. Would you prefer the society to hold you off from that?

Re: Robinhood now lets your AI agents trade stocks

#69

Post by ryandrake »

tyre wrote: post #3

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.

LOL. This is the outcome when a Product Manager sits there and says "You know, people just aren't losing enough money on sports betting and gambling apps. How can we fix this?"

Re: Robinhood now lets your AI agents trade stocks

#70

Post by WarmWash »

tombert wrote: post #28
infecto wrote: post #4

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 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 have thought about this but snag on rebalancing, because it would create a taxable event, or be drawn out over months/years.

Although maybe a bit spicier, VGT is half the cost of QQQ, so that is what my "NASDAQ" has been. I also blend in VTI to cut the volatility a bit, which is 1/3 the cost of VGT.

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