Month: January 2021

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Trading Ideas

EVgo IPO: Stock Coming in 2021 via SPAC Climate Change Crisis

January 22, 2021 admin Comments Off on EVgo IPO: Stock Coming in 2021 via SPAC Climate Change Crisis

The EVgo IPO is the newest opportunity for investors to get into the EV market. But it’s not what many people might be thinking. Instead of manufacturing EVs, this company provides charging stations. And as a company meeting an overall industry need, investors are interested in EVgo stock.
But is EVgo a good investment opportunity? Here’s what we know…
EVgo IPO: The Business

Cathy Zoi founded EVgo in 2010. Zoi served as Chief of Staff for Environmental Policy under U.S. President Bill Clinton’s administration. EVgo is the leading electric vehicle (EV) charging network. It’s the first to be powered by 100% renewable energy, …read more […]

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How the Pattern Day Trading Rule Affects Investors

January 22, 2021 admin Comments Off on How the Pattern Day Trading Rule Affects Investors

Violating the pattern day trading rule can be a costly mistake for active investors. For the uninitiated, it can result in trading restrictions or a locked account. And when that happens, any holdings can be blocked from being sold… Meaning the potential loss of short-term profits.

How the pattern day trading rule is enforced varies between different brokerages. But the baseline for what triggers it as established by the Financial Industry Regulatory Authority (FINRA) is pretty clear. A pattern day trader is:
“… any margin customer that day trades (buys then sells or sells short then buys the same security on the …read more […]