7/7_BLIN, LEDS

Lots of sellers at $1.50 area but my "homerun mentality" got me fucked.
In the position way toooo big at high $1.30s area and got squeezed and panic covered near the top.
2 takeaways here:
1) Early morning weakness+SSR on+low float is NEVER a short!!!! It's suicidal move!
2)Traded wayyyyy toooo big into the weakness and left myself no enough room to add. Didn't expect the move past $1.50 and really freaked out and due to fear so covered.
My action reminds me of ZAIS. Unfortunately the same mistake just got repeated.

For better or worse I had no shares to short. After-hr and premarket high is $5.30 and huge gap up from the previous day's close $3. Had I had shares to short Iwould put it near $5.30 and didn't know whether I was going to average up a bit or take the loss by cutting the position off. Frankly I don't know what I would do because I wasn't dealing with the situation myself. It's always easy in hindsight but trading is real time. This movement happened because everyone including me came to the market today thinking the same. We kept the short bias from the get go and all we were thinking was where to short and certainly there were people due to FOMO put orders from $4.50 all the way up. Every single ask filled on lvl 2 were short sellers it seems that's way it didn't pullback much and made impressive round 2 squeeze.
The KEY is knowing the sentiment!!!!! When you think it's no brainer ss the chance is the entire world is thinking the same thing and that's when it gets crowded. So whenever you open a chart and think that's easy short that's a huge red FLAG. Doesn't mean you are wrong but PATIENCE and TIMING is the key!!!!!! Trading is not about being right or wrong it's all about Timing and management of the trade!!!

Didn't have the courage to long it near the support above VWAP so emotionally chased it. Worked out luckily but will never do it again!