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Trading Ideas

SoFi IPO: Stock Coming in 2021 via Palihapitiya’s Newest SPAC

The SoFi IPO is confirmed in a press release from January 7. As one of the top players in the finance industry, investors are eager for SoFi stock to hit the market.
But is SoFi a good investment opportunity? Here’s what we know…
SoFi IPO: The Business

Four Stanford Business School graduates founded Social Finance (SoFi) in 2011. It’s an online personal finance company based in San Francisco, CA. SoFi is a mobile-first company, meaning its business is designed mostly to be used on mobile devices. The company originally focused on student loan refinancing but has since expanded its offerings. In addition, it …read more […]

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Best Stocks to Buy in 2021

A new year is upon us, and with that comes new investment decisions. Which stocks should you buy in 2021? It seems like a simple enough question, but before we look ahead to the next 12 months, let’s look at the last 12.
Last year saw growth stocks bring in huge gains that rewarded investors in many sectors. Consumer discretionary, information technology, materials and healthcare accounted for the top stock picks of 2020.
Here are the Top 5 S&P 500 Stocks of 2020 (Total Return %)
1. Tesla (TSLA) – 743% YTD
2. Etsy (ETSY) – 301% YTD
3. NVIDIA (NVDA) – 122% YTD
4. Paypal …read more […]

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Pattern Day Trading: How to Make Yourself Eligible

Pattern day trading is more a designation than a style of investing. And the Financial Industry Regulatory Authority (FINRA) gets to decide who is and isn’t qualified to do so.
At its root, pattern day trading is defined as the engagement of four or more “day trades” within five business days. And those day trades have to represent more than 6% of a trader’s total trade activity in their margin account over that same five-day period.

To help unpack this, let’s first define what a “day trade” is. A day trade is when someone buys and sells (or sells and buys) the …read more […]