What Makes This Trade Great: SKX & CDT 🚀
What Makes This Trade Great: SKX & CDT 🚀
Feb 7, 2025
Hey traders, Barrie Einarson here with today’s breakdown of What Makes This Trade Great!
Let’s talk about a killer short setup on Skechers (SKX) and give an honorable mention to CDT, which delivered an impressive breakout. If you’ve been following Trade Ideas AI, you know it’s been spotting some great moves lately! Let’s dive in.
SKX – A Textbook Short Setup 📉
Trade Ideas AI flagged Skechers (SKX) as a short at $70.13, and what a move it’s been! Right now, it’s down 5% from the alert, showing exactly why this trade had potential.
So, what made this one great?
🔹 Earnings Play Reaction – SKX tried to push higher at the open but quickly lost momentum. Even at its peak, it was still down from yesterday’s close.
🔹 AI Nailed the Short Entry – When SKX started to break down, the AI caught it early. Even if you missed the first entry, you had another chance just under the short price before it continued its slide.
🔹 Big Drop = Profitable Move – This was one of those perfect trade setups where patience paid off. Who knows where this will end, but it’s already been a fantastic short!
Honorable Mention: CDT – Huge Move Up! 🔥
While SKX was all about the short, let’s not forget CDT, which has been an absolute beast today! Trade Ideas AI spotted it early, and as of now, it’s up 11% from the original alert.
Final Thoughts
This week has been filled with solid trade opportunities in both directions. Whether you were shorting SKX or riding CDT higher, the key is always to follow the price action and let the AI do the heavy lifting.
👀 Stay sharp, manage your risk, and let’s do it again next week!
See you all on Monday!