161–170 of 192 posts
Earlier quoted context omitted.
I have access to a car and bottle of bourbon, but there are laws that restrict me from drinking and driving.
they don't restrict you, you can always drink and drive. you may or may not, depending on your luck, suffer the legal consequences of your actions.
ignition interlock device market continues to grow, as some states are attempting to require them in all new cars.
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.
Also the only fear mongering I can imagine is if you were someone who thinks learning things sucks. Otherwise I’m not sure what fear mongering you’re talking about. I have never heard or read any advice to not trade options because they are dangerous. Just that you should understand what you are doing because there is risk involved.
Earlier quoted context omitted.
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
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…
This is absolutely and unfathomably terrible to such a great degree that I think it reinforces OPs point. It seems like using an LLM has given you the confidence to make an incredibly ill-informed decision that will cost you dearly. Every single time you rebalance your portfolio, you will need to pay short-term capital gains taxes on any gains, as opposed to an ETF in which you simply pay for the gains when you sell…
Stating the obvious here, but only in a taxable account.
I rebalance frequently and on small divergences in the IRA, which has no trading fees and obviously no tax consequences.
In a taxable account I try to favor growth over dividends and rebalance very rarely.
Great! Now, the remaining thing we need is the ability to declare an AI agent a legal person, and then we're off for some very interesting times.
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 ;) )
Its a common phrase. Ive never used facebook.
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.
Alpha is ultimately the result of analysis, of better analysis than others. LLM's can actually be exceptionally good at research and pattern recognition, i.e. analysis. And while they aren't great at running numbers themselves, they can do exceptional work passing off Python scripts to an interpreter to generate the numerical results they need. I'm quite sure the Robinhood AI is going to be trash, i.e. just a gimmick…
Earlier quoted context omitted.
Alpha is ultimately the result of analysis, of better analysis than others. LLM's can actually be exceptionally good at research and pattern recognition, i.e. analysis. And while they aren't great at running numbers themselves, they can do exceptional work passing off Python scripts to an interpreter to generate the numerical results they need. I'm quite sure the Robinhood AI is going to be trash, i.e. just a gimmick…
This is essentially what AlphaZero is doing: https://nof1.ai/