Making A Profit in Gaps & Futures Trading – Latoya Smith-Dean | Trader Interview
📈 FREE Case Study "Quitting Your Job To Trade Full-Time": http://bit.ly/2LQYsrC
In this episode of the Desire To Trade podcast, I interview Latoya Smith-Dean. She is a full-time futures, stocks, and Forex trader based in Boston, United States.
Visit Latoya's website: http://bit.ly/2MkeACd (use coupon code "Etienne" if needed)
SUBSCRIBE TODAY: https://goo.gl/4DpLu6
Check out the Desire To Trade Merch: http://bit.ly/2ySpeJ7 (use the promo code YOUTUBE10). All profits go to charity.
// SOCIAL
Forex Trader Community (Facebook Group): http://bit.ly/2esoMYj
Facebook: https://www.facebook.com/desiretotrade/
Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker: https://www.desiretotrade.com/axitrader
Best Platform: https://desiretotrade.com/tradingview
Backtesting Tool: https://desiretotrade.com/soft4fx
VPS (for algo trading): https://desiretotrade.com/vps
Trading Journal: https://desiretotrade.com/journal
// MUSIC
David Cutter Music - http://www.davidcuttermusic.com
Andrew Applepie - https://andrewapplepie.com/
// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
// AFFILIATE
The camera I use (Canon EOS M6) http://geni.us/9ZQgs
GoPro: http://geni.us/nIXw
The tripod I use: Sirui 3T-35K http://geni.us/lpJq
What I use to edit: Final Cut Pro (Mac)
AFFILIATE LINKS
Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn't affect you in any way in the checkout process (I'm sometimes even able to arrange a discount for you that is special from other customers).
📈 FREE Case Study “Quitting Your Job To Trade Full-Time”: http://bit.ly/2LQYsrC
In this episode of the Desire To Trade podcast, I interview Latoya Smith-Dean. She is a full-time futures, stocks, and Forex trader based in Boston, United States.
Visit Latoya’s website: http://bit.ly/2MkeACd (use coupon code “Etienne” if needed)
SUBSCRIBE TODAY: https://goo.gl/4DpLu6
Check out the Desire To Trade Merch: http://bit.ly/2ySpeJ7 (use the promo code YOUTUBE10). All profits go to charity.
// SOCIAL
Forex Trader Community (Facebook Group): http://bit.ly/2esoMYj
Facebook: https://www.facebook.com/desiretotrade/
Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker: https://www.desiretotrade.com/axitrader
Best Platform: https://desiretotrade.com/tradingview
Backtesting Tool: https://desiretotrade.com/soft4fx
VPS (for algo trading): https://desiretotrade.com/vps
Trading Journal: https://desiretotrade.com/journal
// MUSIC
David Cutter Music – http://www.davidcuttermusic.com
Andrew Applepie – https://andrewapplepie.com/
// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
// AFFILIATE
The camera I use (Canon EOS M6) http://geni.us/9ZQgs
GoPro: http://geni.us/nIXw
The tripod I use: Sirui 3T-35K http://geni.us/lpJq
What I use to edit: Final Cut Pro (Mac)
AFFILIATE LINKS
Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers).
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I like her!
great interview keep up the good work! This women is and inspiration to all new traders that all things are possible god bless her.
Very inspirational interview !!!
POWERFUL
INTAKE
There is way too much conversation entering trades vs. when and how to exit, that's in the trading world in general.
That's why the type of rules Latoya has are not optional.
I can't remember how many daily emails I got from my former day trading buddy that contained there words: "I should just have walked away." He had a massive outlier move in the morning. Made good money. Then he started to believe unconsciously that the the outlier hunting season just started. He usually ended those days red. He is a good trader otherwise but he needs to master that.
I think that the rule of getting out of the market after a massive gain is wise.
In my case, I know what a nice lil' bite looks like and I can spot an outlier as well. When I have a gain of certain size… I pull the trigger. I missed a ton of massive run and I will try to maybe let 25% run in the future.
As the saying goes, I close the bag while the money is still in it.
I am pretty fast to go to BE as well. I don't just go to break even, I also put my stop a bit in the green to cover my transaction cost. After 200 trades… those 1 or 2 pips here and there will matter.
My advice to new or unprofitable traders: slam the breaks on all the gee-whiz entry set-ups and killer indicators. You will find out later that you don't need much. Instead focus on rules about exiting.
Make your first goal of being a break even trader. Being a BE trader over a ton of trades is a very powerful milestone. Nothing to laugh at. Then take it from there into profitland one month at a time.
YYYYEEESSSSSSSSSS!!!!!!!!!!
What broker do you use trading crude oil
Cool interview. Practical and valuable information. It's always nice to get an insight into how and why traders manage to be successful and it always come back to the same key fundamental points. Discipline, Risk management, Prep/Plan and Execution.
A very articulate and inspiring young Lady. I very much enjoyed your talk. I needed to hear your "rules" concepts. I need to turn some of my lessons into rules for myself. Thanks for sharing your story!
Great interview and Latoya provided a lot of valuable tips that I will apply to my trading and goals.
Traders teach to get better at trading: that is the biggest crap i keep hearing from educators. yeah baby, teach teach teach and pretend you are trading!
This interview inspired me so much…and gave me some trading motivation 💪
I’m actually looking into trading again because of freedom. I am currently working at home (customer service) and I’m suffering big time. Today was the worse anxiety attack ever. I broke down during my break and that’s when I realized it’s not worth it. I know I can make it in trading it’s just getting the ball rolling.
Excellent educational interview E! It is very nice to see a beautiful intelligent lady succeeding. All the best 🙏🏼❤️
This interview legendary. Future 🐐
This is one of the better interviews I've seen in a while that actually makes sense
There's this general trope I see that people don't seem to think that the work of traders is inherently "good" for the world. They see it merely as punching a few buttons and gambling. Latoya seemed to strongly lean towards that opinion, and Etienne perhaps as well.
What traders do in all forms (day-trading, swing-trading, etc.), is to try and find an "equilibrium"-price for that security/asset. They see imbalances in markets and through trading try to push price towards an equilibrium. Having efficient markets provides tremendous benefits to the world
I'm not saying a 1min-scalper should get a Nobel-prize or anything; but this overall notion that traders are merely rent-seeking gamblers is plainly false