Anyone daytrade the dax with success

Hi i used to trade the dax with little success, but iam sure there are ways money can be taken out of the market, do you trade the dax any clues for a newbie

mate I'd say trading dax to stoxx50 is what trading ndx is to dow.
my advice for a newbie wud be to get to know blue chips inside out, and once u r comfortable with a particular trading style trading stoxx50 - go over to higher volatility indices, such as ndx or dax.

I personally think that w/o 6months-1yr trading experience on lower volatility indices, trading highly volatile ones is a suicide - well unless u've got really deep pockets and u dont care how much is the fee for tuition

thanks china white is the stoxx50 a futures market too? i will have to have a look into for tick value etc etc

10 euros / pt on futs

what do you trade?

herbie - i am assuming its a Q to me, right?

I daytrade SPX futs, swingtrade options on SP and trendtrade UK techs - mostly ARM and LOG - the stocks i know very well. I also insidetrade some US individual isssues, the most noteworthy example of which is EGOV, which was bot @ USD 3.99 4 months ago and recently closed @ USD 8.45. The only reason why I dont call it trendtrading like ARM.L or LOG.L is because when u trade on some1 telling u something it is not exactly trading but making out like a bandit rather

but - my daily bread and butter comes from SP futures and options.

sounds like a handful there did you start trading from scratch or was you in a bank before doing this all by yourself?
i have been in a bank for 5 yrs on a desk for 2 and still cannot make money on my own!!!

oh - hello geez - welcome to x-pro club! I worked for Kleinworts for 3+ yrs and then for another yr - at Gazprom in Moscow trading ruskie oils. During me time at Kleinworts traded practically everything - from Scandis and UK Techmark - to US individual issues and indices. I was an OTC options trader there - but as u know when u cant make money on OTC options u take prop positions in futs and listed options. Was up USD 14 mln on my book for 2001, but the kraut bosses figured they want US books in Frankfurt, offered me this cr*p german contract, I refused, got my bonus and left for the ruskies. Very good time in Moscow, but sadly I was trading YUKOS in March of 2003 with all that Slavneft rub***h, so when the ruskies government decided they get dosh from YUKOS arresting their executives and traders - I left.... perhaps the best trade I've ever done

I am still a bit surprised u r not making money trading on yr own. Of coz being an OTC trader makes things easier - as u directly c the client interest, once on yr own - u dont c it but still.... step back mate and take a butchers' at yr trading system - there must be something wrong with it. Or - alternatively - u may be soft with yr stop losses and let yr losses run..... IT IS DEFINITELY one of those 2 things.....

This works well with the Dax and Eurostoxx:

YouTube - Scalper's Gold Dax Update