Position Update

Still holding short 1,000 RDN at $4.13. I should have sold within the first fifteen minutes of the trading day because I expected this to not hold Thursday's run-up at the close. I was pretty comfortable with my position, but if I had gotten up much earlier, my entry point might have been a better one. Fortunately, I was able to keep a close eye on this stock even though I was at work because it's sort of a slow mover. For much of the day, this stock lingered around the $4 mark, but a couple of times it did test my pain threshold though. I decided to hold while I was still on the winning side of the trade; RDN closed red at -9.49% today. I plan to take my small profit on Monday and move on.

SUMT - Only good for barely a scalp today, closing red at 0.23%. Today was it's first red day and I hope this stock has finally run out of gas. Kind of a slow mover, but that's good for me so that I can watch it even while I am at work or at school.
MYEC - Very illiquid, but this closed red at a decent -4.63%
FTBK - Opened red, showed some strength, and then faded nicely in the afternoon to finish red at -4.33%. I don't really play big companies, but after four green days, it closed in the red today.
FRA - Tanked right out of the gates like I expected, but eventually showed strength and finished green at 4.17%. This is an example of why I usually take profits within the first fifteen to thirty minutes of the trading morning. This stock's chart now looks ugly and unpredictable to me. Yuck.
ELRA - Closed red at -0.97% for its second red day in a row. Only good for a scalp today, but it has downside potential.
IBNK - Opened red like I expected, but it made a run during the day only to fade back to red during the afternoon at -2.97%. This stock is a perfect example why I've learned to only short during the morning panic or during the afternoon fade. You would have needed a barf bag watching this stock. I'd stay away from this messy looking, unpredictable chart. It's been a while since I've been on this type of roller coaster of a stock, but that was when I didn't trade like how I do now.
PMFG - Opened red right at the very open like I predicted. Good for a very quick profit when you simply walk away from the stock with your money early in the trading morning and enjoy the rest of your day if you have a small account like mine that's restricted by the PDT rule. Just like IBNK, the chart's too messy and unpredictable for me to deal with.