Hey everyone, Barrie Einarson here with another breakdown of What Makes This Trade Great. Just a quick one today—markets are kind of quiet, so I figured I’d revisit a name I talked about yesterday: CEP. To Subscribe: https://go.trade-ideas.com/SHQ
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Not Much Happening Today…

We’re finally seeing the SPY calm down a bit. It’s only down around 43 cents this morning—no wild 10-point swings like we’ve had recently. So yeah, not a ton going on overall.

That’s why I want to go back to CEP. I traded it yesterday, and it was a solid mover.

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The CEP Setup

Let me walk you through it:

• I got into CEP just above $20.
• It took off, and I sold most of the position around $35.
• Held on to a small piece afterward.
• It did pull back to $24, but I wasn’t too worried—I’d already locked in the bulk of the gains.

That’s the beauty of taking profits on the way up. You reduce risk, and if the rest pulls back? No stress.

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Now today, CEP is starting to perk back up again. I’m watching to see if it can:

• Take out yesterday’s high
• Push for a continuation move

If that happens, I may get involved again, depending on how the volume looks.

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Sometimes the best trades come from just letting a winner work, trimming into strength, and holding the rest with a clear head. That’s exactly what I did with CEP.

Alright, that’s it from me today—have a great weekend, everyone, and I’ll catch you all on Monday!