How can I daytrade and still keep my day job?
With the dramatic increase in electronic trading in the overnight markets (GLOBEX) in both the big S&P contract and the Mini, opportunities abound for trading outside regular market hours. While GLOBEX has been around for the last 3-4 years it has really come into it’s own in the last year with the increase in volatility worldwide. Overnight ranges of 1000-2000 basis points are not uncommon ($2,500-$5,000 in the big S&P, $500-$1,000 in the Mini). More and more traders are participating. As a result one no longer needs to give up one’s day job to “daytrade” The best times for monitoring are from the time Europe starts trading in the early morning i.e. 3-4 a.m. until the open in Chicago. Occasionally when there is unrest in the Asian markets there will be sufficient volatility in the evening to consider trading from approx. 7 p.m.
