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Robinhood now lets your AI agents trade stocks

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Re: Robinhood now lets your AI agents trade stocks

#151

Post by mschuster91 »

atraac wrote: post #126
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 sa…

> Not a single sane person will give meaningful amount of money to LLM for actual trading.

r/wallstreetbets enters the picture... it will happen. And if it's not the "well-regarded" WSB people, it will be someone who drank way too much of the AI kool-aid.

Re: Robinhood now lets your AI agents trade stocks

#152

Post by sunnyhacker »

tombert wrote: post #140
sunnyhacker wrote: post #134

Earlier quoted context omitted.

If short-term capital gains taxes are the main concerns, perhaps this pseudo QQQ strategy can be done in a Roth IRA account using brokers that offer free commission?

The poster was mostly right, and I was mostly wrong, I don't like admitting that but that's just what it is. I updated the skill I wrote to make it so that rebalancing is "buy-only", as in rebalancing will just buy shares for the underweight things instead of selling the overweight. I don't think buying is a taxable event so I don't think that's going to make me have an absurd tax burden then. I will say that I think…

It was a creative use of AI to essentially fork your own version of QQQ, which is definitely interesting! It probably doesn’t work with a US based retail account but some Roth IRA account holders or expats in Hong Kong trading US stocks might appreciate your idea

Re: Robinhood now lets your AI agents trade stocks

#153

Post by tombert »

justincormack wrote: post #150
tombert wrote: post #112

Earlier quoted context omitted.

You pay interest when you short stock. And if we want to talk about "bad financial advice", I think telling people to try and time the market with a short is considerably worse than "buy the same shares that QQQ does".

Its not timing the market if it is exactly offset by the position in the etf

Yeah, I guess this entire thread has been an inadvertent exercise in Cunningham's Law, and maybe Dunning Kruger as well.

I thought I understood this stuff more than I actually do. Guess I have some stuff to learn over the weekend!

Re: Robinhood now lets your AI agents trade stocks

#154

Post by ai_fry_ur_brain »

jeremysalwen wrote: post #127
amanaplanacanal wrote: post #125

Earlier quoted context omitted.

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.

Thats a sad way to perceive the human experience and the individual. Its lowkey a techno fascist psyop you're falling for if you believe this to be true.

Re: Robinhood now lets your AI agents trade stocks

#155

Post by pama »

tombert wrote: post #112
Maxatar wrote: post #107

Earlier quoted context omitted.

If that was his genuine concern, then instead of trying to balance a portfolio of 103 stocks... you simply buy QQQ and short Tesla at 3.53% worth of your QQQ holdings.

You pay interest when you short stock. And if we want to talk about "bad financial advice", I think telling people to try and time the market with a short is considerably worse than "buy the same shares that QQQ does".

The GP did not try to time the market. He suggested a sensible strategy to exclude a tiny subset from an index (less expensive than maintaing the alternative index yourself).

Re: Robinhood now lets your AI agents trade stocks

#156

Post by asdff »

yieldcrv wrote: post #136
asdff wrote: post #91

Earlier quoted context omitted.

You don't need AI for this though. I was doing something like this with a python script and a crypto meta etf I created years ago. I even had some simple heuristics for selecting what coins and quantity to purchase given trading volume and spot price. Its like 175 lines of python. Probably could be a lot leaner too.

and then you want to track orders states, and then you want to track exit strategies - trailing stops that are sometimes internal, sometimes sent to the order book - profit targets, and then you want to track settlement statuses as balances change on margin, and how you get filled all while dealing with different and complex broker APIs and routing to different exchanges that have their own rules and limitations on t…

Right, AI agents famously never make any mistakes.

Re: Robinhood now lets your AI agents trade stocks

#158

Post by nilamo »

righthand wrote: post #149
nilamo wrote: post #142

Earlier quoted context omitted.

I think it comes from decades of fear mongering over how "dangerous" stocks and options are. If you can, instead, explain to an llm what your goals are, it can set up a simple buy-and-hold for you. Basically what investment agents used to do in the 80s-90s where the only way to make a trade was to call someone at the broker and explain what you want. Taking a step back, I see this as what llms are actually useful for…

Fidelity makes you wait a short period of time after turning-on the “stock options” setting. They also give you documents about options and how to trade them and what to look for. They also ship that same information in a booklet in the mail to you. They make a best effort to inform you of the risks and benefits. I wouldn’t call randomly placing an options bet something you would want to bypass research on…and I fran…

And I don't think any of that documentation or warnings should be applied to covered calls.

Re: Robinhood now lets your AI agents trade stocks

#159

Post by yieldcrv »

asdff wrote: post #156
yieldcrv wrote: post #136

Earlier quoted context omitted.

and then you want to track orders states, and then you want to track exit strategies - trailing stops that are sometimes internal, sometimes sent to the order book - profit targets, and then you want to track settlement statuses as balances change on margin, and how you get filled all while dealing with different and complex broker APIs and routing to different exchanges that have their own rules and limitations on t…

Right, AI agents famously never make any mistakes.

So does procedural code, the architecture supporting it and the humans writing it. I am capable of playing devil’s advocate as well

Do you have an actual strongly held opinion or counterpoint on what I wrote?

Time to market, covering bases, lower maintenance and things to keep track of all represent the utility

Re: Robinhood now lets your AI agents trade stocks

#160

Post by [deleted] »

nilamo wrote: post #158
righthand wrote: post #149

Earlier quoted context omitted.

Fidelity makes you wait a short period of time after turning-on the “stock options” setting. They also give you documents about options and how to trade them and what to look for. They also ship that same information in a booklet in the mail to you. They make a best effort to inform you of the risks and benefits. I wouldn’t call randomly placing an options bet something you would want to bypass research on…and I fran…

And I don't think any of that documentation or warnings should be applied to covered calls.

[deleted]
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