and a detailed chronicle of how I personally played this tim alert – and how DANGEROUS it is to not follow the rules!

Thank TIM! I OWE YOU ONE! Your rules work, and when people don’t follow them (like me), they lose money -

LISTEN TO WHAT TIM SAYS – he knows what he’s talking about!!!!!

http://timothysykesexposed.com/blog/blogging/risk-of-short-selling-short-squeezes-and-the-stupid-sec-pattern-day-trade-rule-pdt/

Shorted 1000 at 5.79
then thinking the big drop was in shorted 1000 more at 5.68
Covered at 6.30 ($1125 loss)
Reshorted 1500 shares at 6.17 thinking the squeeze was over, forced to cover at 6.71.
Went long 1000 shares at 7.25 to play the squeeze, sold at 7.30

Shorted 1000 shares of 7.08 covered 6.90

Scared to the gut, reshorted only 100 shares at 7.45

My name is Getshorty and after all I have been learning I screwed it on an emotional trade

I did learn a lesson in cutting my losses quicker and to better prepare a gameplan then to try and take revenge.

Just remember what Keynes said

“Markets can stay irrational longer than you can stay solvent”

But got killed by not covering 2000 shares of HSNI, lost around $2000, made back about $500, lost the battle with my own worst enemy: me.