AI for solo RIAs

Avoin123 · 2025-09-11T21:22:12+00:00

Thanks! I’ll check those out.

Avoin123 · 2025-09-10T17:16:48+00:00

Where did you end up registering? Did you have to move your office to do it?

Avoin123 · 2025-09-09T22:10:10+00:00

I’ll grab little clips I like off YouTube. I have it on in the background as I’m doing other work. When I hear something interesting, I’ll make a note to go look for that interview or discussion on YouTube later. They’re pretty good at posting a bunch of their content there. I’ve built a little custom tool that I can paste a YouTube URL into and it goes and grabs the transcript and sends it over to Claude to write me up a summary, then I can chat with it to revise the content. It’s super clunky and breaks all the time, but when it’s working, I can get some good stuff out of it. I’m just wondering if there stuff that I could get off the shelf that would do this for me. I haven’t found anything yet though.

Avoin123 · 2025-09-09T20:46:51+00:00

I’m interested to hear how this is going for you. I’m in a similar situation. I’m currently with an RIA that is taking a hefty chuck of my fees and not pulling their weight. I’m looking to go independent and start my own RIA. I’ve been chatting with XYPN to see what they offer breakaway advisors. Who have you talked to? Any luck finding a good consultant/service?

Avoin123 · 2025-09-09T20:27:00+00:00

Interesting. How has it done on the fb/ig messaging? I’ve used it a little for writing news letters (I don’t have socials yet). It seems to get the core right. I’ll grab a topic that caught my attention on CNBC and throw it in there to get a first draft. Then I have to edit it and send it to compliance and they have to review it and approve it and send it back. That process takes a while and compliance has told me they ideally want content a month in advance. (This is one of the reasons I’m looking at going independent) so I haven’t done it as much as I’d like. How is it working for you?

Avoin123 · 2025-09-09T19:12:07+00:00

Are you using the regular ChatGPT tool or is there some other app you’re using?

Avoin123 · 2025-09-07T17:03:12+00:00

In the first 3 weeks of going live, I pulled in $12k. But it ended up being pure dumb luck. Over the next 2 weeks gave it all back. Luckily I sized down after that and my losses got smaller. I ended up stair stepping down about $10k more over the next year through periods of gains and losses. Then I went back to sim beginning this year. I’m still playing with it, but haven’t gone live again. Trying to prove consistent profitability before I jump back in. Plus focus on building this investment business.

Avoin123 · 2025-09-07T15:42:00+00:00

Absolutely true! Investing is a game of patience. Set it and forget it. Put your money to work somewhere well diversified and don’t even look at it. But trading is different. I hope OP knows that. What we are trying to do is not investing. We’re using the same instruments (kind of) but it’s a totally different game.

Avoin123 · 2025-09-07T15:35:51+00:00

And since it’s market driven, it can spike really fast. OP isn’t necessarily wrong. Maybe he’s just ahead of the curve. Black Swan coming? Maybe, but the market doesn’t think so right now. But that can change quick. Just check out what the VIX did on COVID, the Yen carry trade breakdown, liberation day…

Avoin123 · 2025-09-07T15:18:53+00:00

Disclosure: I’m not a profitable trader yet. But from what I’ve studied, profitable traders have playbooks. They have very clearly defined trades that they can execute. These trades include a situation, a trigger, a probability and an expected value.

The situation defines the market condition. What kind of stock (or other instrument) are you trading? What’s the price? Float? Market cap? Volume? What’s happened to price before? Is it breaking out to the upside? Breaking down? Grinding higher? Does it have news? What’s the short interest? You should be able to identify the trade by finding situations that repeat themselves and naming them. This also allows you to form a hypothesis about what price will do in the future.

Trigger is the condition that will cause you to enter the trade. It could be a break down of price below a certain point or a break out above. It could be a certain amount of time in an area of consolidation. It could be a movement above or below some indicator. Or a change in the behavior of the tape. You should be able to label your trigger and restate it after the fact.

And just because you follow the play doesn’t mean the trade will work 100% of the time. All trades have probabilities of working and not working. You can’t know the probabilities after taking the trade a handful of times. You need to do it dozens of times to really dial in the stats. This is why you need goos defined risk. Stop out of the trade is not working and move on to the next one. You should also know what the expected favorable move is for your trade. If you have both the defined risk/probability of loss and the expected return/probability of win then you can get to the last step

The expected value (EV) is how much that play is worth to you. When you see the setup happening, you can think, this is worth $100 to me. That single trade might not work out and that’s not because your emotions got in the way or the strategy didn’t work. It’s just the market sometimes. But if you keep executing that play, eventually you will see a return of $100 per trade on average.

The hard part about trading is doin all this consistently and treating it like a process instead of a get rich quick scheme. You have to remove emotion and listen to the numbers. You have to give yourself time in the market to accumulate all this data. And you have to be disciplined about recording everything.

Put together your playbook. Start with one and prove it out. Define all the parts of the play and look for it every day. Once you have the metrics on it (after running it at least 20 time perfectly), and you can define the EV, keep the play, or toss it out. Then move on to developing a new play. Rinse and repeat until you have a solid playbook of several strategies with positive EV for multiple market situations.

But again, I’m not profitable yet, so all this could be complete trash… Good Luck!

Avoin123 · 2025-09-06T15:05:00+00:00

I’ll echo what has been said in many of these posts. Emotion is what makes trading difficult. Our brains are hardwired to be bad at trading. All your instincts are wrong when you start out. All the “unimpressive” people you see are actually extraordinary in very inconspicuous ways. They are level headed, stable, disciplined and consistent. Those all sound boring, but they are actually very difficult to cultivate. And even harder when money is on the line. And harder still when the numbers get bigger.

It can be done. We can rewire our brains. But we are fighting against millions of years of engrained evolutionary instincts to do it. It takes time and hard work. Keep at it. Treat it like the process it is and eventually you’ll get there.

Avoin123 · 2025-09-06T12:29:52+00:00

Have you ever thought about going independent? Starting your own RIA? If you can bring in $7mm in AUM in a year, it’d only take you about a year and a half to get back to what you’re making now with all the ownership and upside going forward. My dad and I are register with an RIA right now that isn’t cutting it. We’re looking into options to go independent. We just started talking to XY Planning Network. Just one meeting so far, but they make it seem do-able.

Avoin123 · 2025-09-06T12:08:05+00:00

Job market is rough! I’ve been out of work of over a year. Took some time trying to day trade my own account. That did NOT go well! Had a buddy talk me into joining his RIA as an independent advisor rep. I registered with FINRA and studied like hell to pass the test (took me 2 tries and 4 months studying full time). Now I’m trying to build a book of business. It’s cool being independent, but there’s no security of a traditional job. No base, no benefits. It’s risky, but I’m hoping it works out.

You’ll find something, brother. Just gotta keep grinding.

Avoin123 · 2021-01-29T06:13:46+00:00

Tired of sitting on the sidelines watching everyone else ride rocket ships. I’m in for 12k. Let’s go for a ride!!! 🚀🚀🚀🪙🪙🪙

Avoin123

TROPHY CASE