The R-multiple concept hits me well on the head. I have figured out the importance of it in order to survive in this business for long. Well, at least for now, this is the best approach that comes to my mind. I am currently following Percent Risk Model. I am not trading a million-dollar-sized account now. So, the objective now is to grow the account as soon, and as much as possible. Well said, tough job though. I am striving to improve and maintain my system with high expectancy and frequency of trade.

So the first thing in the morning is to figure out how much I am going to risk and position size to be taken for the day.

This is second thing I will be doing every morning before start of a new trading day. Basically, the idea is not to go against the trend. Some profitable movements in short term might be missed out, however, I would prefer to go along with the trend for long term survival.The time frame are only refering to intraday trend of the day. I am not looking at longer time frame like daily , weekly or monthly. This is shuold simplify my job during the trading day where I will be only concentrating on the last thing of trading – entry and exit point.

This is for my day trading business. Nothing fancy. The last thing I will say in this entry : " Hey, Don't Buck the trend – lah"

	MSCI Taiwan Index Futures	MSCI Singapore Index Futures
Longer term	Down	Down
Medium term	Lateral	Lateral
Short term	Up	Up
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