can you post a pic? it would really help where in the trunk is the slpit towards the bottom middle top? how large is the palm i see you said it is very young (in fl very young may be 5-10' in other states a seedling...) but what kind of soil is it in also? maybe try using rocks i have done this many many of thime with very weak root systems and treated them and now there all great... hope u find a solution and your palm does good. -Justin in VB

I will try to post a pic. How is this done? Any tips?

The size is about 2 ft and the split is at the bottom, wherethe roots begin to go down. Try to post pic tomorrow.

To upload pictures, you just plug in your camera or your phone to the computer, save the pictures on your computer, go on Photobucket (You can easily make a free account if you dont have one), and press the download button on your main page. Then select the pics you want. Once they are all downloaded on to your Photobucket you can click on a picture. That will open up a new page with the picture you clicked, only larger. Keep your eye to the left side as you scroll down that page. You should see some links (4 to be exact). Using your mouse, copy the HTML link (3rd one down) and paste it on your messages here. When you click preview, your picture should be there. If you want to upload more pictures, copy and paste the links to those pictures and they should all appear on your message!
Good luck!
-Alex

OK here are some pics of the split as well as the size

here is one more I wanted to see if it worked. Looks like it did.

that is intresting... have you had very srtong winds or did something fall on it? it seems the trunk is swelling a bit and it cracked somewhat naturally in a way. many of my palms remove their old crowns/leaflets in that way just not that low and not 2 layers at a time. I would definitely brace it somehow but i think it will be ok that new growth looks amazing. maybe put some root growth trying to help the roots get strong and grow quicker...hopefully it will be looking better soon keep us updated and maybe some one else has better experience with this... -Justin in VB

I bought it in a pot from Home Depot about 5 months ago for $3. I repotted it into a gallon pot after bringing it home. Yesterday I was going to put it in the dground and noticed the split. It has been green since I brought it home. I guess it will just take some TLC and growth.

Just thinking out loud, but perhaps you could "bandage" it with some grafting tape?