A few months ago Questrade unveiled their MCP. (Model Context Protocol). It is basically a bridge that connects your AI to whatever software you are using. In this case it is my brokerage. Personally, I this is a game changer for how we manage our money and interact with our brokers moving forward and here is why: The MCP allows me to control almost every aspect of my brokerage through some prompts in Claude, Grok, Chat GPT etc....... This includes creating orders, managing watchlists, setting alerts, analyzing the chart, reading the options chain and basically everything else you can think of. Here is how I have been using it: I set it up to create a morning routine and act as my trading journal. Now, 10 minutes after the market opens I get an update on how every stock I hold is doing and what I need to be thinking about as well as every stock at the top of my watchlist. It tells me when I need to make decisions, when my trading plan is breaking down, and what I need to be thinking about. Then I talk back to it like a normal human! I tell it how I feel about the positions, what I am seeing in the market and charts, and the decisions I am considering making. We have a brief conversation each morning to go through the decisions and manage the portfolio and then it documents every single conversation like a trading journal. It never forgets and it creates 10X more context than I could ever get from a simple journal that downloads my trades and spits out some ratios. When I am ready to place a trade, it can create the order form and send a push notification to my phone for me to approve with one swipe. I have never seen a trading tool this powerful before. It is basically like having a professional trading consultant to talk to every morning about your strategy and plans. (similar to Beavis, but it has control of my brokerage and can take action) For me, this has condensed my morning trade routine from half an hour to about 5 minutes. I read the message, check my open positions, and then make decisions about entering any new trades. I am using it as a journal, a consultant, and a controller of my brokerage. Every trade needs a manual approval from me so I don't worry about it going rogue and now I get the same work done, with more confidence, in less time. I truly think this is the biggest feature update we have seen in Canada in recent years and almost nobody is talking about it. To set it up in your AI- Go to settings> connectors> add new> give it a name and paste this URL: https://mcp.questrade.com/v1/brokerage/mcp Questrade signup link: https://questrade.sjv.io/Gm127B
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ETF Go
@etf.go · 17m
Having brokerages offer AI insights directly on accounts will be a powerful tool. 👍 That said I’d have concerns about security so I’m not sure I would be an early adopter. 🤷♂️
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