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Trading Education Posted by Team Topstep December 4, 2020

Building Generational Wealth with Latoya Smith

Episode Summary:

Building generational wealth is something that everyone wants to do, but not many understand the available options. Latoya Smith worked in finance and dabbled in investment properties before making the plunge to becoming a full-time trader. She shared her journey and her trading tips with Jack and Dan on this week’s Limit Up episode! Tune in.

Full Show Notes:

Latoya Smith worked in finance for a time before pursuing her passion for trading. She is now the co-founder of The Profit Room, a stock market and trading educational company. On this week’s edition of the Limit Up! Podcast, Jack and Dan talked to Latoya about her road to becoming a day trader.

One interesting thing about Latoya is that she learned about the stock market by forming an investment club with friends. She talked about this formative experience, how investment property helped her create wealth, and why she loves trade gaps. Take a listen to the episode for more on Latoya’s journey.

  • (01:41) – Interview with Latoya Smith
  • (02:44) – Getting into finance
  • (07:54) – Fundamental analysis
  • (09:39) – Short-term trading
  • (10:05) – Compliance
  • (15:53) – Futures capital
  • (24:23) – Forming The Profit Room
  • (28:20) – Structure
  • (30:49) – Trading gaps
  • (32:00) – Courses with mentorship
  • (35:28) – Trade what you see

Who is Latoya Smith?

Latoya Smith is the co-founder of The Profit Room, a stock market education and trading company. The Profit Room provides mentorship and hands-on live training in the stocks, forex, and futures market, as a way for others to achieve generational wealth.

The Profit Room is well known for its gap strategy and live trading videos in the futures market. In 2006 Latoya was introduced into the stock market by forming an investment club with friends. Latoya believes in wealth building through the means of the stock market.

She worked for 5 years in corporate America in the investment banking industry, learning the processes, structure, and various instruments/investments. In 2012 Latoya decided to leave her investment banking career and pursue her passion, trading the markets for a living. She is well known for her charting techniques and pattern recognition, enabling her to profit in all markets. With over 13 years of investing and trading experience, Latoya’s goal is to help more people achieve financial freedom the same way she did.


What is Limit Up?

Limit Up! is a podcast for traders of all levels brought to you by Topstep. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure:

Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep.

Dan Hodgman is a co-host of Limit Up! Before coming to Topstep, Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps, where he simultaneously managed his own Futures Account, applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap.

Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks, and progress in their trading. Gain a path to progress by signing up today: 

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Podcast episode production by Dante32.