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Fellow Night Traders?
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Fellow Night Traders?

  #1 (permalink)
Trading Apprentice
NYC/NY/USA
 
Trading Experience: None
Platform: Sierra Chart
Favorite Futures: Mini Nikkei
 
Posts: 4 since Apr 2019
Thanks: 1 given, 6 received

Fellow Night Traders?

Any fellow night traders on here? I'm a US guy playing the Mini Nikkei due to my 9-5 during the day. Anyone else trying this out? I think its great to have such an option. That way you can sit and focus the entire time on what you are doing. Trading while trying to work definitely seems like a no go. Its nice the regular 9-5 guy can get involved with this.

Also, does this site have a Discord? Would be nice to talk to some of you over Voice or get in chat to be able to communicate more effectively.

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Chicago
 
Trading Experience: Beginner
Favorite Futures: (April 25, 2019): /ESM9 - current expectancy = (12.4722 * 0.6923) - (8.00 * 0.3077) = 6.1729 ticks
 
Posts: 210 since Feb 2019
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Liberty1 View Post
Any fellow night traders on here? I'm a US guy playing the Mini Nikkei due to my 9-5 during the day. Anyone else trying this out? I think its great to have such an option. That way you can sit and focus the entire time on what you are doing. Trading while trying to work definitely seems like a no go. Its nice the regular 9-5 guy can get involved with this.

Also, does this site have a Discord? Would be nice to talk to some of you over Voice or get in chat to be able to communicate more effectively.

You are not alone. I struggle to learn in the Opening Call and Opening-Bell of the /ES. I have to let it go by about 9:00AM CST usually. Its painful and I think I under-estimate the difficulty it places on my development. The opening-call which I consider ~7:00AM CST till Opening-Bell at 8:30 is very random, and of course OB is extremely volatile. In a way I think its a good challenge to learn the most bonkers part of the day now, I have a longer-term goal of being able to trade all day.

You can learn so much about the upcoming day's market structure from these early hours, so I consider it well-spent time learning the different opening types of behavior.

To your point, I am trying to be a night-trader. I am currently focused on /ES but /NQ is a better evening instrument in my experience, just enough 'pop' to keep it interesting. I hadn't yet delved into the nikkei, is the liquidity there? are you trading live/sim/both?

Cheers!
snax

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  #4 (permalink)
Trading Apprentice
NYC/NY/USA
 
Trading Experience: None
Platform: Sierra Chart
Favorite Futures: Mini Nikkei
 
Posts: 4 since Apr 2019
Thanks: 1 given, 6 received

I'm doing SIM for now. I think Mini Nikkei is super convenient for the 9-5ers in America. I met some guys in the Futures Trading discord for the R/Daytrading subreddit. They trade treasuries but put me onto Mini Nikkei for my situation. You should give it a shot, see how you like it. Yeah, it moves pretty fast, probably faster than the treasuries, but not by too much. I'm looking to get some people who are invested in the same thing to learn from each other. Let me know if you are interested.

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  #5 (permalink)
Trading for Fun
Batavia NY
 
Trading Experience: Advanced
Platform: KDE Neon, TWS, Python, R
Favorite Futures: Common stock, ETFs, YM, options
 
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I would just add there are many different types of strategies beyond sitting and watching the order flow of a few instruments all day.

Not to mention you could just trade the after market for US index futures. Just because you don't read about a ton of people doing this means it is bad. People don't do this as much because people don't do this as much. It is not like you need the liquidity and the slower pace is a feature, not a bug.

Of course Nikkei is an option though. A foolish thing I did though starting out was pay like $150 for esignal data when I had no capital.

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  #6 (permalink)
Market Wizard
virginia
 
Trading Experience: Intermediate
Platform: ninja
Favorite Futures: NQ
 
cory's Avatar
 
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I would like to add you need sleep more than you need points there is no point in losing your sleep for a few points if any. I quit after 3 days of trying.

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  #7 (permalink)
Elite Member
Chicago
 
Trading Experience: Beginner
Favorite Futures: (April 25, 2019): /ESM9 - current expectancy = (12.4722 * 0.6923) - (8.00 * 0.3077) = 6.1729 ticks
 
Posts: 210 since Feb 2019
Thanks: 314 given, 284 received


cory View Post
I would like to add you need sleep more than you need points there is no point in losing your sleep for a few points if any. I quit after 3 days of trying.

At first I thought night-market might be the answer I was looking for, a few hours to trade unencumbered by work, etc. But I found that the index futures have so little price-movement and its behavior and price-action will take a long time to understand. I am finding that these evening hours are better spent working on reviewing the day's earlier trading activity, preparation for the next day, reading, learning, and of course sleep!

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  #8 (permalink)
Don't Poke The Bear!
Los Angeles, California Republic
 
Trading Experience: None
Platform: Sierra Chart
Broker/Data: CQG
Favorite Futures: ES
 
srgtroy's Avatar
 
Posts: 1,667 since Jan 2011
Thanks: 1,099 given, 2,713 received
Forum Reputation: Legendary

Trading the mini Nikkei is an intriguing idea for me. I know there is a ton of liquidity but I would have to see if my ES systems produce the same kind of results on the Nikkei. The Nikkei opens about 5pm Pacific Time which would be great for me. However, I am able to trade ES after hours. In fact, I've come to realize that after hours, the ES just basically mimics the Nikkei until the European open, and then it mimics the DAX or the EuroStoxx50 until the US open, at which point these all mimic the ES Its a truly global market. Still, I'll probably give the emini Nikkei another look.

Know The Rules Well So You Can Break Them Effectively
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  #9 (permalink)
Elite Member
Riverside CA
 
Trading Experience: Beginner
Platform: NinjaTrader, TOS
Broker/Data: NinjaTrader, TD
Favorite Futures: ES, CL, RTY
 
Posts: 148 since Jun 2017
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I've traded the evening session of ES a little. It's not that much different than the day session but it can be slow. It takes a little more patience but I think it can be worthwhile. But for now it's not for me. I tend to use my free time after work to study. Maybe once I've scaled the learning curve a little I'll again trade the evening session for additional practical experience. If I were consistently profitable and still had a day job I would probably be all over it. I guess the drawbacks would be related to a thinner market. Slippage, it's damn slow, etc...

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  #10 (permalink)
Trading Apprentice
Houston
 
Trading Experience: Beginner
Platform: Ninja trader
Favorite Futures: Emini ES
 
Posts: 2 since Apr 2019
Thanks: 1 given, 0 received


Just signed up for this forum today. Am glad to see a few others doing evening trading. In SIM right now. Have been for a year. Like Liberty1 have a decent 9-5 that I can't quit due to other obligations.

ES is heck of a slow, so NK seems interesting. Will try it out and share more.

Just realized that I dont know the symbol. Is it NK or NKD? Ninja trader doesn't seem to want to bring it up.


Last edited by Holligoly; April 15th, 2019 at 01:44 AM. Reason: new info.
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