You aren’t doing anything wrong. Your link needs to be checked out and okayed before being added. We get plenty of submissions with broken links, mis-spellings, etc. Just yesterday a new member submitted her link and it goes to a place holder page that says “coming soon”. Leatherz and Cindy have been nice enough to volunteer to go through every link in the directory from time-to-time to check for broken and dead links, I don’t want to start out with bad links from the get go.
Once your link is submitted, it generally appears in a few hours. Don’t forget though that Panty Hog is in the USA. You may submit a link at a time that ends up being the middle of the night here. In that case, it may take several hours.
PK