What You Can Buy on Robinhood Related to Trump
Robinhood lets you buy shares of Trump Media & Technology Group (ticker: DJT), which is the publicly traded company owned by Donald Trump. This is a regular stock you can trade like any other share on the platform. You cannot buy a cryptocurrency or token called "$TRUMP" through Robinhood — that does not exist as an official product, though other platforms may list tokens with similar names that are not affiliated with Trump or his company.
If you are looking to invest in something connected to Trump, DJT stock is the only option Robinhood offers. The company went public in March 2024 through a merger, so the stock has a trading history you can review before you decide whether to buy.
Key Takeaways
- Trump Media & Technology Group trades as DJT on Robinhood and works like any other stock purchase on the platform.
- You need a funded Robinhood account and enough cash to cover the share price plus any applicable fees.
- DJT stock can be volatile, meaning its price moves sharply and quickly, so understand the risks before you invest.
- Robinhood charges no commission on stock trades, but you still own the shares outright and can sell them anytime the market is open.
How to Buy DJT Stock on Robinhood
Open the Robinhood app or website and search for "DJT" in the search bar. Tap or click on Trump Media & Technology Group when it appears. You will see the current stock price, a chart of recent price movement, and a green "Buy" button.
Tap "Buy," then enter the number of shares you want to purchase or the dollar amount you want to spend. Robinhood will show you the total cost and ask you to confirm. Once you confirm, the order goes through immediately if the market is open (Monday through Friday, 9:30 a.m. to 4 p.m. Eastern Time). If you place an order after hours or on a weekend, it will execute when the market opens the next trading day.
After the trade completes, the shares appear in your "Stocks" tab on Robinhood. You own them outright and can sell them anytime during market hours.
What You Need Before You Buy
You must have a Robinhood account that is fully set up and verified. This means you have provided your Social Security number, address, and other identity information. Robinhood uses this to comply with federal regulations.
You also need cash in your Robinhood account. You can transfer money from your bank account to Robinhood before you buy, or you can use any cash you already have sitting in the account from a previous deposit or sale. The amount must be at least enough to cover the current price of one share of DJT, which changes throughout each trading day.
If you have a margin account (which allows you to borrow money to invest), you may be able to buy DJT on margin, but this adds risk and is not recommended for new investors. Most people use a standard cash account, where you can only spend money you have already deposited.
DJT Stock Price and Market Hours
The price of DJT stock changes constantly while the market is open. You can see the current price in the Robinhood app anytime, even when the market is closed. However, you can only buy or sell during regular market hours: Monday through Friday, 9:30 a.m. to 4 p.m. Eastern Time.
DJT has been known to move sharply in price, sometimes gaining or losing 10 to 20 percent in a single day. This volatility means the stock is riskier than many others. Before you buy, check the price history in the app to see how much it has moved in the past week or month.
Robinhood also offers extended-hours trading (4 p.m. to 8 p.m. and 7 a.m. to 9:30 a.m.), but DJT may have limited trading volume during these times, which can make it harder to buy or sell at the price you want.
Risks and Things to Know
Buying any stock means you could lose money. If you buy DJT at $50 per share and the price drops to $30, your investment is worth less. You do not have to sell at a loss, but if you do, that loss is real. There is no may provide that DJT stock will go up in value.
DJT is a smaller company compared to major tech stocks, and its price can swing wildly based on news, political events, or changes in the company's business. This makes it more volatile and riskier than established companies like Apple or Microsoft.
Robinhood does not charge a commission to buy or sell DJT, which is one reason people use the platform. However, you should still understand that you are taking on the full risk of the investment yourself. Robinhood is not recommending the stock or guaranteeing any outcome.
Selling Your DJT Shares
To sell DJT stock on Robinhood, open the app, go to your "Stocks" tab, and find Trump Media & Technology Group in your holdings. Tap it, then tap the red "Sell" button. Enter the number of shares you want to sell or the dollar amount, review the total, and confirm.
Your shares sell immediately if the market is open. The cash from the sale appears in your Robinhood account and can be withdrawn to your bank account or used to buy other stocks. Robinhood does not charge a commission on the sale either.
Keep in mind that if you sell for more than you paid, you may owe capital gains tax on the profit. If you sell for less, you may be able to claim a capital loss on your taxes. Talk to a tax professional about your specific situation.
Frequently Asked Questions
Is DJT stock the same as a "$TRUMP" cryptocurrency?
No. DJT is a regular stock issued by Trump Media & Technology Group, a real company. Some platforms list tokens or cryptocurrencies with names like "$TRUMP," but these are not affiliated with Trump or his company and are much riskier. Robinhood only offers DJT stock, not cryptocurrency tokens.
Can I buy fractional shares of DJT on Robinhood?
Yes. Robinhood lets you buy fractional shares of most stocks, including DJT. This means you can invest $50 and own a portion of a share, even if one full share costs more. You can sell fractional shares anytime during market hours.
What happens if Trump Media goes bankrupt?
If the company fails, your shares could become worthless. You would lose your investment. This is a real risk with any stock, especially smaller or newer companies. Only invest money you can afford to lose.
Do I pay taxes on DJT stock I own but do not sell?
No. You only pay taxes when you sell the stock and realize a gain or loss. However, if the company pays dividends (which Trump Media currently does not), you would owe tax on those payments. Check with a tax professional about your specific situation.
Can I set up automatic purchases of DJT on Robinhood?
Robinhood does not offer automatic recurring investments for individual stocks. You have to place each buy order manually. However, you can set price alerts so Robinhood notifies you when DJT hits a certain price, which can help you decide when to buy.