Cryptoscammers everywhere rubbing their hands together. There's so many ways this could go wrong. Everything from prompt injection, to being tricked in running a specific scammers setup, to which they can pump and dump specific stocks, and all sorts of other manmade horrors.
Robinhood now lets your AI agents trade stocks
71–80 of 192 posts
Re: Robinhood now lets your AI agents trade stocks
#72If 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.
Even better for America's well being will be if thousands of individual investors have identical or near identical bots for sophisticated financial institutions to exploit while they sleep.
Re: Robinhood now lets your AI agents trade stocks
#73Earlier 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.
They turned Robin Hood to Robbin’ the Hood
This was always the Robin Hood play (versus being a grown up brokerage), they are simply griftmaxxing now in a "low regulatory environment". Like Coinbase, they need volume to succeed economically, not buy and hold investors. Crypto volume is down, so Coinbase revenue is down. Young people have little to no cashflow, but they have high intent to gamble in a crushing and financially nihilistic macro, which Robin Hood serves.
https://www.npr.org/2026/04/05/nx-s1-5762276/teens-getting-h...
https://kyla.substack.com/p/gen-z-and-financial-nihilism
https://web.archive.org/web/20240226104327/https://youngmone...
https://web.archive.org/web/20240226104327/https://coinmarke...
Re: Robinhood now lets your AI agents trade stocks
#74If 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…
> it'll say "slow down cowboy"
Maybe if you prompt it to be highly critical of you, the user.
Otherwise it will absolutely right you out of money.
Re: Robinhood now lets your AI agents trade stocks
#75I 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.
Robinhood's crypto offering is extremely deceptive. They offer "commission-free cryptocurrency trading" but don't make it clear that you pay a 0.95% fee[1] on every trade (technically a 'spread' and not a 'commission' but there is hardly a difference). They also take 25% of staking rewards. These are absurdly high fees.
1. https://cdn.robinhood.com/assets/robinhood/legal/rhc-fee-sch...
Re: Robinhood now lets your AI agents trade stocks
#76I 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.
An LLM may be bad at trading stocks, but an LLM may be good at analyzing the wider context, like the news feed, to inform automated trading driven by a more sophisticated model, called by the LLM as a tool.
I don't think that this contraption should necessarily perform tolerably, but the use of an LLM is not necessarily a wrong move.
Re: Robinhood now lets your AI agents trade stocks
#77If 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…
Could this be a good thing - yes
Will it be is a different thing though. And if it’s not, who exactly is accountable?
With funds and portfolio managers that run them, there’s a clear accountability model (if the fund sucks, the manager loses their job and the company loses credibility)
With AI agents doing the management, who is accountable when the fund sucks? If it’s the customer, we’ve moved accountability from someone who at least in theory, knows what they’re doing to someone who has little to no clue.
Re: Robinhood now lets your AI agents trade stocks
#78If 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.
And the one time an internet meme exploded a stock they literally hid the buy button from their UI. At least they have confetti animations.
This was not due to malice but instead, incompetence. They didn’t have enough cash to clear their trades.
I have ranted on here before about the SV startup mindset of “I don’t need to know anything about the industry I’m ‘disrupting’ nor do I need to play by their rules” and this was an example of that. On that day, everybody who was actually in capital markets went, “what f-ing idiots those guys are”
Re: Robinhood now lets your AI agents trade stocks
#79Earlier quoted context omitted.
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.
Yeah, actually I think I was getting confused on some of the terminology. It looks like you're right.
Still, as you said, just mimicking regular QQQ is achievable.
Re: Robinhood now lets your AI agents trade stocks
#80Earlier quoted context omitted.
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…
Could this be a good thing - yes Will it be is a different thing though. And if it’s not, who exactly is accountable? With funds and portfolio managers that run them, there’s a clear accountability model (if the fund sucks, the manager loses their job and the company loses credibility) With AI agents doing the management, who is accountable when the fund sucks? If it’s the customer, we’ve moved accountability from so…
You have to be accountable for what you have the model do on your behalf. I hear what you're saying, but there are also issues with the hedge fund accountability model. There are certainly swaths of fund managers who are only there because they got lucky or had the right pedigree, and more that are better traders but never became a fund manager because they got unlucky or had other passions.
An individual investor can invest with their risk appetite on their time horizon and not be subject to Citadel's "5% draw down in a quarter and you're fired" culture which can be toxic to returns over time.