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trading in NY timezone while keeping a job
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trading in NY timezone while keeping a job

  #1 (permalink)
Trading Apprentice
Montreal, Quebec, Canada
 
Futures Experience: Intermediate
Platform: NinjaTrader,MetaTrader,IB
Favorite Futures: All futures
 
Posts: 5 since Mar 2016
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trading in NY timezone while keeping a job

I am currently living in Montreal (same time zone as NY).
While I learn scalping US futures using order flow I was thinking about keeping my day job (starting at 9:30) and use Topstep Trader for funding (they don't allow you to trade Eurex markets during the combine). Do you think I have a chance to make any money if I trade from 4:30 AM until 9:00 AM and then go to work? I was thinking about trading currencies or US treasuries or whatever I can trade at those hours.
Is it a requirement to move to the west coast if I want to keep my day job while learning US futures?
Thanks a lot for your time!

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  #2 (permalink)
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  #3 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
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Do you have a chance? Sure. A good chance? Probably not.

Trade higher time frames, like daily charts. Scalping is an art that takes a lot of time to learn and master. It requires thousands of hours of deliberate practice. Also, you are fighting against machine algos. Why make it so hard? Trading on a higher time frame is more relaxing and less stressful, ignores most of the market noise, does a better job of overcoming the costs of commission and slippage, and you can still keep your job.

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  #4 (permalink)
Elite Member
reston, va
 
Futures Experience: Intermediate
Platform: ninja
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MigEsc View Post
..trade from 4:30 AM until 9:00 AM and then go to work? I was thinking about trading currencies or US treasuries or whatever I can trade at those hours.
Is it a requirement to move to the west coast if I want to keep my day job while learning US futures?
Thanks a lot for your time!

been there, by the end of the first week I knew it was just just a sweet dream. time to wake up.

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  #5 (permalink)
Trading Apprentice
Montreal, Quebec, Canada
 
Futures Experience: Intermediate
Platform: NinjaTrader,MetaTrader,IB
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Posts: 5 since Mar 2016
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what about Currency Futures?

What about Currency Futures? i.e 6E. Can they move enough from 4 AM until 9 AM?
Or Japanese Yen futures at night?

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  #6 (permalink)
Elite Member
Fort Lauderdale
 
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MigEsc View Post
What about Currency Futures? i.e 6E. Can they move enough from 4 AM until 9 AM?
Or Japanese Yen futures at night?

CME Yen Futures (6J) can put a whippin' on you at night if you're not watching it...very volatile at times and significant reaction to world news.

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  #7 (permalink)
Elite Member
Quebec
 
Futures Experience: Beginner
Platform: RTP+Jigsaw
Broker/Data: AMP / CQG
Favorite Futures: Mini Nikkei 225
 
Posts: 5 since Mar 2017
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You should check the mini nikkei 225 future. Very liquid and active at night. I'm a scalper from Quebec city, contact me by PM if you want more infos or just to talk.

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  #8 (permalink)
Elite Member
rutherford NJ
 
Futures Experience: Intermediate
Platform: Sierra Qtrader
Broker/Data: Amp and Optimus and CQG
Favorite Futures: Mainly NG Some GC, ZS,CL
 
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how are u? can u go into little more detail on scalping emini Nikkei

what timeframe/tick/vol charts do u use?
What times does it generally move?
how much are u scalping for each entry?

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  #9 (permalink)
Elite Member
New York, New York / United States
 
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Platform: ThinkOrSwim
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Routinely, my most profitable trades have been in foreign currency futures from 9 PM to 4 AM EST. The past few weeks I have been quite successful in 6A and 6C. The difference is I am swing trading based on price action, often intraday. It might not be volatile enough to have consistent successful scalp trades, but I know pretty much nothing about it.


All in all, yes you can trade in those hours. Honestly, I'm looking at charts 24/7 and seeing if patterns complete, which they do at all hours of the day. Best of luck!

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  #10 (permalink)
Elite Member
rutherford NJ
 
Futures Experience: Intermediate
Platform: Sierra Qtrader
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Posts: 347 since May 2013
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Swing trading overnight


If i may ask how do you swing trade? reason i as is someone quite successful trades on a 12 hr and daily .. looking at patterns.. much like the A,B,C,D.. wolfe wave modified..
would be curious to know..and even exchange info if u like or message me

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