Cameron Fous is a 36-year-old, stock trader and founder of IKNK Traders. He got interested in penny stocks while majoring in finance at Oregon State University. In 2005, Fous made the brave decision to drop out of college and transition into trading full-time. In 2006 he launched thetechnicaltrader.net, a free stock alert service, and blog that attempted to teach people how to day trade.
After a year of offering free alerts to members, Cameron decided it was time to charge for his service. How else was he going to pay off his student loans? In the first month selling stock picks to suckers, he banked an astounding $30,000. Just like Jason Bond, he realized early on it’s incredibly lucrative to make money selling products vs trading full-time. Why bother making $5,000 per month when you can earn nearly five times that amount as a “day trading mentor.”
It’s more accurate to call him an entrepreneur instead of a trader because teaching is how he has accumulated about 70% of his wealth. After nearly a decade of selling DVDs and online courses, I’d estimate Cameron Fous’ net worth to be $2 million as of 2020.
After allegedly profiting $400,000 in two years, Tim Sykes persuaded him to join Profit.ly as a “guru.” Timothy Sykes heavily promoted him as the master of buying breakouts. Their business relationship quickly turned sour and Fous left Profit.ly to take back full control of his business. More than likely he wasn’t happy giving Sykes 20-30% of his sales. Once he left the platform, Sykes was annoyed! He promoted Fous to his subscribers and helped build his brand. There were rumors Tim kicked him off Profit.ly for hiding trades and basically copying his website. Since then they have ‘buried the hatchet’ and moved on.
The Fous4 strategy mainly involves technical analysis with a strong focus on reading chart patterns. Cameron looks for ideal setups and waits patiently for all the parameters to align before placing a trade. With the help of stock screeners, Cameron can filter through thousands of stocks to find penny stocks that meet his criteria.
FousAlerts has two training courses to teach you his complete strategies from A-Z. The first course “Fous4”, teaches his core swing trading strategies with limited day trading. He follows four breakout chart patterns he named as; force, revival, survival and gold. In addition, he teaches the fundamentals of risk management, trading psychology accompanied with trade examples. Fous4x2 supposedly covers more advanced strategies for day traders and short sellers. His DVDs are great for beginners to learn the basics of risk management, candlestick analysis, and market psychology.
According to Profit.ly, Cameron’s average win ratio on trades was 52%. He obviously possesses strong risk management skills as his winning percentage is below the top traders. Cutting your losses short and letting your winners run is the key to success with day trading. Retail traders struggle with discipline, holding onto losing positions or taking profits too early. Newbies find it difficult to accept losing is part of the game. Over the past year, Cameron has added shorting to his game as well.
- The chatroom has experienced moderators such as Robert Millar and Michael Spinosa. In the chat room, Fous alerts his trades live to members so they can follow in real-time.
- Great for beginners to learn the foundations of stock trading.
- Seems like a cool guy with a great personality, so it makes it easier to learn. So many financial educators are boring and have zero personality.
- Massive video lesson library containing hundreds of videos and hosts weekly webinars.
- Frequently offers discounts and free trials to new customers to try out his service.
- The alerts aren’t biased, doesn’t scalp subscribers and has no connection with stock promoters.
- This guy is clearly winning at life, check out his Instagram account. If that doesn’t inspire you to work harder, nothing will! Maybe you too can make millions teaching others and party on a rented yacht with models.
- His online marketing strategy is obnoxious but clever. He advertises this fantasy digital nomad lifestyle that everyone craves. The average guy is working the 9 to 5 grind while he’s traveling the world making $5,000 sitting by the pool.
- Appears to be more of a salesman rather than a trader nowadays. He’s more interested in selling subscriptions to fund his lavish lifestyle.
- The marketing copy is misleading and too aggressive. “See how you can make up to $10,000 in one day following my strategy.” Members join with unrealistic expectations. They expect to make thousands by just copying his alerts. Once they sign up, they realize it’s not as easy as advertised.
- Some of the reviews on Investimonials appear to be fake. This is a common tactic employed by newsletter owners. If you look at reviews for trading gurus, a lot 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. Also, some guru’s give away freebies to entice members to leave positive reviews.
- Since leaving Profit.ly he has discontinued supporting their website and trade verification system. There is no evidence to prove he’s a profitable trader.
In August 2019, Cameron announced on YouTube he’s retiring from day trading. The main reason behind the decision was to launch a new business. The new venture is teaching others how to make money through launching their own brand and selling digital products. In the meantime, Fous rebranded his company from ‘Fous4 Trading’ to IKNK Traders and Michael Spinosa is now the head trainer. As of October 2020 it appears Fous’ is back trading with more focus on Forex and Crypto.
IKNK Traders Reviews
Trying to find reviews of IKNK Traders online is slightly challenging. TrustPilot appears to be the main source of reviews and so far the feedback has been negative. Out of four reviews
IKNK Traders has an average rating of 2.7 from past students. Four reviews isn’t a large sample size but it’s worth reading the criticisms before deciding to sign up.
Cameron Fous is a talented marketer that is earning a fortune selling products online. While it would be harsh to call him a scam, he does help beginners develop a good understanding of the basics. He needs to become more transparent and verify his trading performance to enhance his credibility. Nothing he teaches is revolutionary and most of the information can be found on the internet for free. Both of his DVDs are quite pricey costing $497 each. They can be purchased on eBay for one-fifth of the price.