Intraday trades executed 8/8/13

Scrip Name	Entry Price	Exit Pice	Position	P/L
Tata Motors	292.45	291.35	Short	1100
INFY	2982.25	2983.35	Short	-137.25
DLF	138.45	138.05	Short	400
			NET	1362.75

Trade Capital: Rs:30,000       Net(%) = 4.44%

Trade Strategy: To be on Long/Short side of the script when it rise 5% based on the volume of the trade placed at that moment.

I've rightly shorted Tatamotors above its 5%  rise in the morning, but squared off with minimal profit, but as soon as it losts momentum of intraday up trend. It as been shorted heavily below <290 level. However I'm not sure(feared) at that moment to short it even though witnessing high volume of sellers for its every rise. So to my surprise it started falling breaking all crucial intraday support levels.

Lesson learnt:

• Sidelined from the trade for the day due to fear of entering into the scrip again, has a lot of questions raised at the moment and missed opportunities, need to work on this hurdle going forward.

PFB the statement for the same.