Registered: Apr 2011
08-23-12 06:30 PM
I've traded at night for over a year now. I'm in Bangkok and trade US Futures so with a current 12 hour difference between here and CT, night is day for me.
First, I have never been happier in my life, I'm much calmer and even my blood pressure which was creeping up is down to normal again.
Why? I've always been a night person and all those years of getting up early to go to school and then later work was the biggest pain in the posterior imaginable. Weekends and holidays I used to sleep late as a treat, now I sleep late every day and it is glorious.
I wake up at noon to 1.00 p.m., sometimes earlier if I want to get something done. First meal is lunch, then it's whatever from study, prep, errands and so on.
Next meal is dinner before the markets open, then it's in front of the computer until the markets close. This is going to change soon as I shift from day trading, but that is a different story.
After the markets close, write up data etc, then have a snack (like a very light breakfast), chill with the morning newspaper that gets delivered around 4.15 a.m., then shower and sleep by 5.30 a.m - 6.00 a.m.
I'm flexible about lots of stuff, so if I miss a nice breakfast (eggs, bacon, sausages, the works), I'll have that at lunch time or dinner time.
Social life is OK, I start my out-on-the-town days at 4.00 p.m. to 6 or 7.00 p.m., whatever, I'm in no hurry as the joints close late and I do not need to sleep till the wee hours anyway. Only time it gets tough is like Christmas lunch at a friends place, then I have to make an effort to get up early. Other than special occasions, friends understand I am a late starter.
Only darned thing I miss is my Friday nights out. Somehow having my first beer at 4.00 a.m. on Saturday morning at home just does not feel the same. As compensation I do get Sunday nights out since the markets do not open until Monday night for me, and I can always goof off on Monday afternoon if I like.
Haven't exercised for a while, feeling a little guilty about that, but the best time is usually immediately after waking up - gets it out of the way and then I can eat and work etc without interruption.
It's not a big deal, just be honest with yourself about the kind of person you are and if it fits go for it.