Cameron Fous, President of FousAlerts.com and now also AlphaScans.com, is a veteran day-trader of 11+ years with a main focus on micro-cap stocks (shares under $10). Growing up he had a keen interest in the stock market and wanted to become a stock broker, after being inspired by Gordon Gecko. He attended Oregon State University in 2005 with a major in finance; but dropped out to focus on his stock alerts service at his former website thetechnicaltrader.net. After a year of offering free alerts to members, he decided it was time to charge for his website. Cameron was initially nervous about this big-step. These emotions quickly turned to amazement as he made $30,000 his first month of selling his stock picks! He realized early on it’s extremely lucrative to make money selling products vs trading full-time and I’d estimate his net worth to be close to a million dollars. Feeling validated as a professional trader he moved to San Diego to and left his small hometown.
After many years of success at thetechnicaltrader.net Cameron Fous was ready for a big move. He was invited by Tim Sykes to join as a profit.ly “guru” (along with Superman trades), after profiting over $400,000 in a couple of years. Their business relationship didn’t last long and he left to take back his business at FousAlerts.com after their contract expired. More than likely he wasn’t happy giving Sykes 20% of his sales. Tim supposedly kicked him off profit.ly for hiding trades and basically coping his marketing style. There were some initial hard feelings from both sides as of now I understand they have ‘buried the hatchet’ and moved on.
The Fous4 strategy involves of day-trading and short-term swing trading of penny stocks with a specific strategy to identify and trade them. Cameron looks for idea setups and is patient for all the parameters align before taking a trade. He mainly uses technical analysis with limited fundamental analysis. With the help of stock screeners, Cameron can filter through thousands of stocks to find stocks that meet his criteria. FousAlerts has two training courses to teach you his complete strategies from A-Z. The first course is called Fous4 that teaches market and trading fundamentals, his core swing trading strategies, risk management, psychology, and lots of trade examples. Fous4x2 teaches you how to day-trade, scanning, software implementation, and how find the plays he trades every day. In total the program is 15 hours long and streamed online in HD on his website. His dvd’s are quite pricey ($497 each), I’d advise you to buy them on ebay for one fifth of the price.
Surprisingly Cameron’s win ratio is only 54% and that number is low because he has excellent money management skills. Cutting your losses short and letting your winners run is the key to his success with penny stocks. Retail traders struggle with discipline, holding onto losing positions and taking profits too early. Newbie’s find it difficult to accept losing is part of the game. Over the past year Cameron has added shorting to his game as well.
- Chatroom full of experienced moderators
- Excellent Risk Management
- Elite members allowed to watch him trade live on FousTV.
- Contrary to what some people say online, I personally don’t think he is a scam, he’s a legit trader with a decent track record and a step-by-step strategy. Just because he makes more money teaching than trading it doesn’t make him a fraud.
- Massive video lesson library containing hundreds of videos and weekly webinars.
- The opportunity to trade with a hedge fund (Clique Fund LP run by Peter Zhang) with access to more capital and the best brokers + trading platforms.
- Frequently offers discounts and free trials to new customers to try out his newsletter
- His alerts aren’t biased, doesn’t scalp subscribers and has no connection with stock promoters unlike other paid newsletters.
- This guy is clearly winning at life, checkout his instagram account. If that doesn’t inspire you to work harder, nothing will!
- His marketing online is a bit obnoxious and very similar to Tim Sykes. He advertises a fantasy world, partying on yachts with naked women, sport cars and travelling the world making $5k sitting by the pool.
- Members get angry for thinking they can make money by just copying his alerts.
- Some of the reviews on investimonials appear to be fake, this is a common tactic employed by stock newsletters. All the so-called guru’s Timothy Sykes, Jason Bond, Investors Live, Ross Cameron and Kavan Klein etc if you look at their reviews, alot of them are overly positive. It would be easy to create dozens of fake accounts with different ip’s and write five star reviews to gain more attention.
- Since leaving Profit.ly he has discontinued supporting their website and trade verification system.