Asking because I got it and I’m not really sure what to do. So, I wanted to see what strangers on the internet are going to do.

I don’t have an existing e-trade account and I’m not super excited about creating one for the singular purpose of this IPO. But, if I can quickly make a couple of bucks and then cash out, that might be worth it.

Are there rules to when you cash out if you get in at the IPO price? Could I buy-in at the $30-ish/share price and couple that with a trailing stop-loss order? Maybe this isn’t the right Lemmy community to ask this, but I figured I’d give it a shot.

  • @M500@lemmy.ml
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    710 months ago

    If you don’t hold the stock for at least a year you will pay a higher tax rate. I’m not a financial advisor.