Investment - bots

SamSpade

Well-Known Member
I've only JUST found out about them - AI software that invests FOR YOU?

Has anyone done this?
 

Clem72

Well-Known Member
I've only JUST found out about them - AI software that invests FOR YOU?

Has anyone done this?
If you do your own taxes, avoid these even if you summarize your trades. And as far as I have seen they don't out perform the damn S&P index anyways.
 

LightRoasted

If I may ...
For your consideration ...

Nothing, absolutely nothing, AI consumer/retail investor related software can, or will, be able to compete with the software installed and operated daily, 24/7, on the most powerful computers used by the huge hedge funds, with high speed fiber optic cables ran straight into all exchanges, and other financial institutions that utilize high frequency trading. If anyone thinks they could finagle the "system" to their favor by use of such software, think again. In addition, I would wager that if someone uses it, that the AI software will surreptitiously send that individuals trading information to a top hedge fund, or other financial institution, so they can take advantage of that user's gullibility and stupidity, thereby causing said user to lose all their money as it is siphoned away under the guise of any stock falling in price.

Sure, you might hear stories of people making money, winning, but then again, so do those that get someone, the hustler/dealer, and the "stranger that wins", to play the game, become the marks, and losers, of three card monte.

Caveat emptor, people. Caveat emptor.
 

Clem72

Well-Known Member
, I would wager that if someone uses it, that the AI software will surreptitiously send that individuals trading information to a top hedge fund, or other financial institution,
Most brokerages already do this. They don't send your trade directly to the exchange, they send it to their clearing partner who "bundles it". Conveniently, they bundle it with their own purchase/sale for the exact same commodity that takes advantage of any possible arbitrage. I.E. bid-ask spread is $0.25 on NVDA right now. You put in a limit buy for the mid-point, they bundle it with a higher priority (because yes there are priorities for filling bids) bid for $0.05 cents less, and a sale at a price matching your limit which gets sold to you and they pocket the difference.

This is why every time you buy a low spread stock (like SPY ETF which is generally 1 penny spread) you can get filled below your limit if the stock is fluctuating. But if you pick a high spread stock like that NVDA you will almost always get filled at your absolute limit because it was worth it for them to snipe your order.
 
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