Robinhood steals from the poor

General
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They are at it again with popular stock's tokens (EU only), and everyone cheers. I just don't get it. You can buy those stocks with any brokerage, you don't need tokens. Using tokens just increases the spread and the profit for HOOD.

The only purpose to tokenize stocks is to make trading 24/7; which has become Vlad's new mission: a 24/7 casino. I'm not even sure he has ever made a point as to why that's a good thing besides making more money for HOOD.

This is a pretty interesting podcast on the matter.

Robinhood got a 70% score in the bullshit meter. Not a terrible score since they took down the original confetti animation when a user placed a trade. Also they paid some fines, and showed willingness to add "educational material".

But with these tokens, the bullshit meter should be close 100% . They just want everyone to trade, all the time.

How depressing and what a load of crap. 99% of the people should trade once every 5 years.

I do like some of the podcast's suggestions of what HOOD should be doing:

  • Clearly showing you the risk of the account
  • Showing a "diversification" score
  • Put brakes when risky behaviour is detected

Some of those suggestions sound interesting for P123. We should have clear risk score for strategies for example.

Cheers.

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They are a gambling app of sorts and we know how popular those are. Gambling is more popular than ever before and growing rapidly.

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I always wanted P123 to become the front end to my brokerages accounts. The main design principles were to:

  1. Make trading easier with, for example, one-click rebalances
  2. Uniform interface to different brokers
  3. Manage multiple accounts with ease. For example deploy a strategy in multiple accounts

It's still a work in progress, and I think it's still a worthwhile project.

But why not take it to the next level and do what brokers should be doing, but won't? For example:

  • Providing a true risk management/assessment for individuals?
  • Perhaps use AI to analyze your trading and make recommendations.

Anything of the sort our there?

PS. brokers will never do this since the recommendations would likely be to trade less, not more.

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Hi Marco,

I’ve been exploring how to integrate LLMs into my workflow, and it feels like something radically new emerges every few weeks.

Your post got me thinking about Anthropic’s new “Artifacts” feature—a tool that’s still new to me, but already looks quite promising.

In response to your question:

“Providing a true risk management/assessment for individuals? Perhaps use AI to analyze your trading and make recommendations. Anything of the sort out there?”

I had Anthorpic build an Artifact based on your prompt. The initial response was quite impressive, though it leaned more toward casual retail use cases (e.g., Robinhood users). Still, with the right prompts and refinement, I believe it could be adapted for more advanced workflows like ours.

One compelling aspect of Artifacts is that they’re exportable and shareable—so once someone (a user or P123 staff) builds a useful tool or analysis, others can copy and build on it. That opens up real potential for collaborative workflows among members.

I’m still figuring out how it fits into my process, but I’m optimistic. It might be worth looking into.

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At this time, these are most important and timely to me. I won't live forever and believe my live portfolio models are worth continuing as an inheritance until they fail.

Those who would inherit aren't interested in doing the work necessary to follow the models, so my goal would be to automate what exists. Failing this approach would mean losing direct control and increasing costs.

Perhaps I haven't done enough myself to automate the models. I've been waiting anxiously for a link to additional brokers. Perhaps it's time for me quit waiting and move some assets to IB or Tradier.