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OP, if you're on the EST time zone, you can trade M6A probably starting around 7 to 8pm. I'd found it's generally slower than the London session start (CL becomes more active then) but the asian start at least has a few intraday swings most days. It'll just be kind of "slow motion" compared to the nyse session but still tradable.
What you could also do if you have ninjatrader or a platform with a similar replay feature is to replay some active sessions of prior days at a sped up speed for more "screen time" of watching price action. Or a simpler way could be just scrolling back on an intraday chart going back some number of days days and then advancing the chart a bar at a time while analyzing the chart to the right edge, mentally testing out entries and trade management of a strategy. There's also that old web "chart" game at https://www.chartgame.com/ which is crude with no intrabar movement on a daily timescale but ok enough of a game to just look at stock charts at the right hand edge for a bit.
I'd highly suggest not to buy into any of the loon's bull. Not only is he a scam charlatan, but also a psycho with uncivil infantile impatience and rage on being proven a fraud. A lot of his conspiracy blab is just plain ripped from book authors, other yt channels, and coasttocoast am to have something to rage about for the distraction and "show". He doesn't even love trading and just by seeing his new or old videos of his sim feed platform for a short while one can see he has developed little to no trading experience with his fraud. He's already had a long history of being kicked out of other trading forums as far back as the first years of bigmikes/nexusfi.com His code1 and code2 "method" had already been "leaked" multiple times in old forums and posts past which was nothing except looking for CL to start moving at hour and half-hour marks which is nothing new to CL. Newcomers who are new to trading vendor frauds haplessly fund his continued chicanery year after year by buying into his $400 code1 empty mystery box. I think anyone is far better just doing a journal on CL or looking at other journals here to begin to learn to trade it. 2c
Can you help answer these questions from other members on NexusFi?
From what I'm reading in the majority of posts here... is that there is no such thing as a trading mentor? How can that be? From what I've seen and heard on podcasts and Chat with Trader on YouTube, they mostly seem to say you can learn the MOST from a mentor.
Side note on that, trading as a professional is a business - The majority of big business owners ALSO seem to have the sentiment that mentorship is extremely beneficial to the receiver.
It seems to me it is wise to learn from others mistakes is better than learning from your own. They've already "paid" the cost that you dont have to endure in general.
I've come to think it's more the case of lucking out on a mentor who actually knows what they are doing, and is also willing to teach a complete stranger, not a SO or close friend, is akin to lottery chances. Where it could also be an ongoing mystery debate in trading similar to whether daytrading is zero-sum or not, or price behavior is a random walk or not. Yes, we hear of cases/rumors of successful traders who had a mentor that helped them, but since most don't, then it should follow that there are many who luck on developing their own trading to be successful without a mentor much less a vendor educator of whom the vast majority I wouldn't classify as "mentors".
Do not start trading with small amounts of money or large amounts of money.
You live in Jersey City. Take the train into New York and hang out at a couple of places near the NY stock exchange.
Find out who is hiring. Do any kind of work for them like sales, admin, etc.
I started a long time ago by taking a job on the controller's staff at the First Boston Corp. on 20 Exchange Pl. They were merged a long time ago.
I did menial work logging repo agreements. Then I got to know bond traders. Then the company trained me.
Little by little.
Starting to trade on your own is like doing a little brain surgery until you save up enough money to go to Medical school.
When I retired, clients contacted me to personally mentor their relatives or children.
I did that. Taught them professional trading.
But I did not work for Free.
Find a lawyer or engineer or CPA or orthopedic surgeon who will do a few jobs for free. Not going to happen. One out of a thousand will do a pro-bono job.
Paper trading is only as good as the person teaching you to paper trade.
I will bet one out of a hundred people today were watching the Dow futures run up to make a new high and knew to short that new high and grab 40 ticks into the close.
@TheBenefactor You've piqued my interest. I would be hesitant to attempt this course of action because taking a job in one of these companies in a non-trading capacity might mean not trading at all for a substantial period of time, with no guarantee of ever being invited over to learn trading. I have never worked at a hedge fund, bank, or trading firm, mind you. Its just one of my fears in taking a non-trading job at one of these firms.
It was funny for me to read this. I got a job in a big old bank not far from where you were (Bankers Trust, now gone too), and it was.... logging repos.
But then our paths diverged. I ended up a being computer programmer and I loved it. I think that this is how things work out, basically: if you want something enough to do what you need to in order to make it happen, then you find your way. You do have to pick yourself up and go where it can be found, though....
That's funny, I'm a computer programmer that wants to be a trader
I agree that you have to go to where it can be found. I'm finding it a little difficult to navigate, it seems like most places seem to want a very specific math skill-set (what it is I don't know, I'm decent but not a math-olympian by any stretch). I'm probably making excuses, but I am working on trying to figure out the path, whether it be on my own or discovering a good fit with a company that can teach me.
I do think its a challenging process to get your foot in the door if you don't already have a connection, which I most certainly do not
Well I've used up my laugh emoji quota for the week.
Thank you for sharing your thoughts, I enjoy seeing your perspective and I think we are on the same page about being creative and finding a way to grow as a trader.
I do both now, and though its a little strange, it does kind of work. I always feel like I'm living a bit of a double-life, but that isn't such a bad thing and it makes life more interesting!
This quote though is what I think we all want to find:
This is really the only reason I would switch careers, simply to gain knowledge. Maybe I will find it on my own, eventually. I do have a few theories on how you knew to short the close, assuming you took that trade. They could be incorrect, but I like this puzzle, that is just another reason why I love trading, ha!
