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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

#121

Post by klodolph »

tombert wrote: post #89
klodolph wrote: post #85

Earlier quoted context omitted.

It’s achievable. It’s called “direct indexing”, and there are some extra costs associated with it, so for most investors, I think it is cheaper to get QQQ. You can flip that around with tax loss harvesting but I don’t understand that strategy and I can’t explain it. You also don’t need AI to do this. Before AI, the main barrier to direct indexing was the amount of capital you need. That is still true.

I have enough capital to where I can do everything with the incremental share threshold of Interactive Brokers; as such I don't have to deal with the fees associated with normal direct indexing.

Sure, but I wasn’t thinking of the brokerage fees. Things like the spread.

Re: Robinhood now lets your AI agents trade stocks

#122

Post by [deleted] »

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.

[deleted]

Re: Robinhood now lets your AI agents trade stocks

#123

Post by tombert »

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…

Too late to edit my comment, but 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.

@dang if possible can you add this to my comment because I genuinely do not want to mislead anyone and have them repeat my mistakes.

Re: Robinhood now lets your AI agents trade stocks

#125

Post by amanaplanacanal »

Esophagus4 wrote: post #117
ai_fry_ur_brain wrote: post #105

Earlier quoted context omitted.

[flagged]

There is a beautiful irony in being condescending about AI simply imitating training data… by repeating a meme you saw on Twitter: https://www.facebook.com/photo/?fbid=772349875124360 (which I guess I will call your training data ;) )

The difference is that a human can evaluate the meme against their real world history and experience, and make a judgement.

Re: Robinhood now lets your AI agents trade stocks

#126

Post by atraac »

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.

My bet is they won't. It's hype driven development. I work in the space(we build one of the bigger exchanges based on Hyperliquid) and our design/product people are spasming at the thought of releasing MCP/Openclaw skill for trading. I'm 99% sure it will all be a flop, month from now noone will ever know these exist but this is what everyone in that space is doing right now, quite literally, everyone. Not a single sane person will give meaningful amount of money to LLM for actual trading.

Re: Robinhood now lets your AI agents trade stocks

#127

Post by jeremysalwen »

amanaplanacanal wrote: post #125
Esophagus4 wrote: post #117

Earlier quoted context omitted.

There is a beautiful irony in being condescending about AI simply imitating training data… by repeating a meme you saw on Twitter: https://www.facebook.com/photo/?fbid=772349875124360 (which I guess I will call your training data ;) )

The difference is that a human can evaluate the meme against their real world history and experience, and make a judgement.

That sounds like more training data that the human is just regurgitating. Nobody I know has ever had an original thought, just combined existing thoughts that were in their training data, in new combinations.
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