rallies
1) I think as agents get better, the probability that this happens becomes low. 2) I hate saying this tbh, but Robinhood is very clear that any mistake in the account is user's responsibility.
The only thing I can do on our end as we build this is make sure all context is there for the model to not make such decisions, there are software based safeguards, etc.
It'll take some time but I think as long as there's good context and guardrails, you can really prevent a lot of bad stuff from happening.
Robinhood agentic accounts is an amazing idea but you can't really automate stuff that can run on its own. Different companies have different ways for setting up automation which most retail traders are not aware of.
Agency fixes a lot of this. It's a Mac OS app that keeps your account on your device, and lets you build agents that can run on their own every day to manage a sleeve of your cash.
Show HN: Openfactor – A multi factor risk model
Ask HN: Books for someone who is transitioning from FAANG to finance
I have been an AI engineer for the last 10 years of my life, and have continued to build small algo-trading systems during my weekends.I'm getting into finance full time and starting to build a product in the net worth tracking / agentic finance / LLM driven investing space (B2C)I would love to read up on as many books as I can just to deeply understand the field, the way things run,...
Nof1 has actually been doing that.
- First is to actually evaluate whether these LLMs have any intelligence around investing. If you actually give them all the data, can they do well? Can they beat the market? I'm not sure, we're testing that.
- My thesis is that they will actually beat the market (I know a lot of you will disagree). If that's the case, how can we invest a lot of resources in building the best harness, tool calling, etc to enable these models to invest.
- We've built a local vector database with every SEC filing over the last few years. And we've built a tool call on top of that to allow these LLMs to read and query sec filings. - Have done the same for a lot of other data sources, just giving the LLM access to them and allowing it to spend some time to actually research.
I actually think it's doing better now. It was just too stubborn to exit its position for the first few months. It did that, and put some money into MSFT/JPM recently.
This is an experiment to see how well can LLMs invest in the market through a lot of research. We give them tool calls to access every financial dataset that exists online, and also some money to manage. And we then see how well they do.
The experiment started in November 2024.
Edit (reply on your edit lol): you're right.
Second edit: fixed now. No more walls anywhere.
- lots of research - longer time horizons - zero humans in the loop, but explain every single thing you do.
Happy to answer any questions.
Show HN: We're building an AI hedge fund
Working on building an investment assistant backed by real time data. ChatGPT and Perplexity finance are amazing, but all of them are based on web search data only, which is a big limitation in finance since realtime data is important.
We have an agent that has access to almost every data point you can think of in the stock market (as much as we can get), which gets leveraged before answering.
And we also figured out ways to build amazing charts in between answer snippets, which looks very cool. Investors are usually very visual.
https://docs.google.com/spreadsheets/d/1DVh5p3MnNvL4KqzEH0ME...
I gave it a few tools to access sec filings (and a small local vector database), and it's generating full fledged spreadsheets with valid, real time data. Analysts in wallstreet are going to get really empowered, but for the first time, I'm really glad that retail investors are also getting these models.
Just put out the tool: https://github.com/ralliesai/tenk
We're trying to fix some of those limitations and run a similar live competition at https://rallies.ai/arena
We're also running a live experiment on both stocks and options. One difference with our experiment is a lot more tools being available to the models (anything you can think of, sec filings, fundamentals, live pricing, options data).
We think backtests are meaningless given LLMs have mostly memorized every single thing that happened so it's not a good test. So we're running a forward test. Not enough data for now but pretty interesting initial results