• Lionheart_xa@lemmy.world
    link
    fedilink
    arrow-up
    3
    arrow-down
    1
    ·
    10 months ago

    Well you can do this risk free if you understand the bare minimum of how to use a stock trading account.

    Once you have your shares you immediately put a limit sell trailing percent or dollars order on the security. What this does is automatically sells the stock the very second it drops by the amount you set.

    So with reddit you set it to sell at something like 2% and then the second it drops below that you cash out with your money.