Is making money by trading FDAX that easy? | Traders Hideout


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Is making money by trading FDAX that easy?

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rassi View Post
Grant, can you expand on dax shredding levels please, not sure what you mean?


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I signed up this week for access to Eurex and was having a look at fesx, fdxm, fdax, and fgbl. I was looking at the order book to see 'thickness' and the levels on fdax were getting cleared out real quickly...too quick for me. When I looked there were 10 or less resting orders per level.

So at EUR 12.50 per tick, where 4 levels can be cleared out in seconds, I can snap my fingers and Im down EUR50 on a single contract. When its that slippery how far out do I need to get my stop to get away from the noise? 30 ticks? I dont trade with fixed stop amounts I work off market structure so Id imagine at times my stop would need to be further out than 30 ticks.

At a minimum:
30 tick stop x 3 contracts @ 12.5 = EUR1,125.

Too big for me because I always take into account what my mental state would be with 10 losses in a row. That worst case scenario would put me behind by EUR11,250 which would take a while to get over emotionally and mentally. Id rather be down EUR5.625 on the mini because I know I can deal with it and pull myself together . Ive been in in the hole -20k before in forex so I know how emotionally traumatic it can be and how long it takes to recover the senses (I was fu**** for weeks after that session ).

Hope that makes sense.

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