I'm thinking about trading at night and sleeping during the day. I live on the west coast. I would trade the London session and part of the New York session until 9AM. Is anyone currently doing this? I would like to hear how it's going for you.
I live in Asia, so the NYSE open is 930 or 1030pm for me. Most of my stuff is position and swing trades, though I do need to watch the first two hours of the cash session to update orders.
I would not want to do it overnight. While the financial returns would probably be better, the toll it would take on my non-trading life would not be worth it.
It is a personal choice and depends on your situation. There is money to be made preopen if you are careful, so perhaps waking up earlier/calling it a day earlier is an option? Best of luck with your choice. Sleep patterns are really important to your mental and physical health IMHO.
The following 2 users say Thank You to MXASJ for this post:
I'm assuming you are talking about day trading. For a couple months I traded 11:00-2:00 then 5:00-9:00, because after the first 3 hours of the London session (account for DST) it usually died off pretty good, so I would go nap. But it was much harder than I expected to get use to those hours and it really started to wear on me after while so I stopped doing it. Regardless, IMO, there are plenty of opportunities in the first 3-4 hours of either session, so I would recommend to anyone they just pick one and go with it. But everyone is different, so it couldn't hurt to give it a shot for a few days and see how you like it.
I do it... I used to only trade ES in NY hours, About 10 months ago I started waking up at 1-2am EST time and trade the London session, and ended up staying up to NY close most days. I love the London session, it takes some time for your body to get used to the adjustment so I would maybe sim until you are adjusted to it.
This post has been selected as an answer to the original posters question
I trade london sesh and us morn sesh from hawaii. i moved from nq to 6e and I dont regret it. Takes some getting used to but if you like trading forex or currency fx i think it'll be worth your time. If your just getting started trading, the london sesh will up your screentime...
The following user says Thank You to dakine for this post:
My night (sleeping hours) time falls exactly into Asian session and my day time is the whole of London session plus NY mid-session. Once in while, when I've not gone to sleep and I see any good setup @ within 1 hour of Tokyo Open, I take it and conclude it; thereafter, I go to sleep.
Although the last 2 hours of NY session is my night time (8:00pm - 10:00pm), I wouldn't have slept at that time, so when I see a good setup @ within this last 2 hours of NY session, I take it.