Biden’s bipartisan infrastructure package allocated $7.5 billion for EV chargers, but Wall Street had assigned greater significance to the Build Back Better incentives which are now unlikely to pass. Democratic West Virginia Sen. Joe Manchin effectively doomed the bill Sunday, saying he wouldn’t vote in favor in the 50-50 Senate.
Shares of electric vehicle companies soon tumbled on Monday.
The stocks of EV start-ups such as  $Lordstown Motors (RIDE.US)$ ,  $Faraday Future Intelligent Electric Inc. (FFIE.US)$  and  $Nikola (NKLA.US)$  all shed more than 7% Monday.  $Rivian Automotive (RIVN.US)$ , hit a new low Monday of $88.40 a share.
Shares of other automakers such as  $Tesla (TSLA.US)$  and  $General Motors (GM.US)$  – both of which no longer qualify for federal EV tax credits but would have under Build Back Better – also lost ground during the trading session.
The EV incentives under the Build Back Better plan include up to $12,500 per vehicle and are viewed as critical to spur consumer demand in EVs, which are priced far higher than their traditional internal combustion engine counterparts.
Source:
Electric vehicle stocks tumble after Manchin rejects Biden’s climate and social plan

Once more, Co-Wise: moomoo Tutorial Contest Part 7, "How did you start short-term trading?" ended successfully. Thanks for participating in the contest. Short-term trading could bring an adrenaline rush, but it's also highly risky. Emotions could become your biggest enemy. How to qualify as an excellent short-term trader? Outstanding technical skills? A high win rate? Or others? Thankfully, most mooers are aware of the importance of risk management and emotion controls. Technical skills might not work well unless combined with a good understanding of investing psychology.
Now, it's time for the winning list of this topic. Let's enjoy the highlight moments together! Congratulation to all the mooers winning $American Airlines (AAL.US)$ and $ContextLogic (WISH.US)$ stocks!
*The rewards will be distributed to winners within 15 working days—the ranking sortes in alphabetical order.
Part Ⅰ: High-Quality Post Collection
@AhTian  Why, What & How to Short-Term Trade!
For this post, let's take short-term trading as intra-day trading that last from seconds to minutues. It's commonly termed as scalp, intrad-day swing trading. I'll use scalp here.
@BT11  Day/Swing trader
Keep your emotions away from the charts. My personal technical analysis of price action in charts relies on simply RSI (14 length) and chart patterns. Identifying the right patterns and how to utilise a trading strategy with it is a crucial complimentary tool I use for entry/exit.
@Business Insider  DCA is the best strategy!
Bought  $Tesla (TSLA.US)$ back in 2017 for about 300$ pre split. Sold it in 2018 for a tiny profit and to decrease my cost basis. They were swinging between 200-300 all the time.
@Dadacai  Some Pointers for Day Trading
I will give a brief overview of the VWAP indicator which is often used by day traders. Trade when the mind is clear and alert. Play small. Plan your entry and exit. A good knowledge of technical indicators is required.
@GT1982  How Did I Started Short Term Trading
I started off as a short term trader before finding my style as a long term investor. No personal feelings should be involved in trading. Only fundamentals, technicals and numbers should be the deciding factors.
@IcySilver  Swing trade like a Pro...
Swing trading is most useful when the market condition is volatile, without long clear trend. Currently the market does seem so. Thus, it may be a good time to look more into swing trading, or quick-entry-quick-exit trades.
@Jin1978  Some personal tips on short-term trading
If u cannot stomach the risk (10% to 30% movement usually), stay away from risky trades. Set a cut-loss price. Remember to withdraw your profits every now and then! Don’t keep pumping all your profits for the next trade! 
@kaito666  My short term stock trading step
Read the news, consider different scenarios, weigh up the odds and technical analysis. In this event that any of the above scenarios do materialise, go straight to your price charts and use technical analysis to find entry and exit points for the long or short trade you have chosen.
@Moo Top  I am a part-time Day Trader
My favourite technical setup is VWAP + 9EMA and 20EMA, looking at 1min and 5min candle stick. Do your own due diligence (DYODD) on the stocks that you want to day trade with.
@102637896  My Views on Short Term Trading
Apart from reading technical indicators and charts, I think the following are important that I learnt: Position sizing. Establish entrance, stop loss and target price before trade. Mental Strength.
For more engaging posts, please click Co-Wise: How did you start short-term trading? to check. Don't forget to leave your comments and tell mooers what you've learned!
Part Ⅱ: Voting on the “Mentor Moo” Title
Finally, let's announce the winner, @Dadacai! Congratulations! You will get a badge as a reward to acknowledge your efforts in the Co-Wise contest. The badge will be shown on the profile page for your progress and achievement.
Mooers' Strategies: Habits to Become a Better Trader
Now, it's time for voting! Let's vote for the candidates to see who will win the "Mentor Moo" title. Your vote means a lot to them!
We should keep a clear mind and stay alert to the markets where milliseconds count. Please be aware that different time zones could impact the timings of your investment. It's crucial to set profit targets and stop-loss when entering a trade. Besides, technical indicators could help you identify the signals in the market and thus improve the odds of winning. Discipline and a solid trading plan could help you advance in short-term investing. As mooers' say, there is no best strategy. Just stick with the one that you can reap profit from it. Remember, what matters the most is the one that suits you the best.
Disclaimer: All investment involves risk. Neither Futu Inc, nor Futu SG, nor moomoo endorses any particular investment strategy. You should carefully consider your investment goals and objectives when deciding on an investment strategy. Past performance is no guarantee of future results.