KITE played out just as I expected it would. I realized $3.37/share on half my position. I am holding the rest of my position to see if it continues to drop tomorrow morning. Generally I would take my full profit but this trade is based on a particular pattern that is rare. I analyzed three stocks this morning (KITE) being one of them) and all three were successful. The key to success in day trading is the morning preparation. Charting and analyzing all variables/probabilities of what can happen.
Following your trading plan and rules will boost your ability to control your actions, once your actions are controlled you are then discipline and being discipline produces consistency (along with a winning strategy).
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