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01-27-2015, 05:26 PM #1Senior Member
- Join Date
- Feb 2009
- Orange County, CA
so is anyone following here?
reason I ask, I am curious how he works it. Is it that he announces he will be buying/or has already purchased a certain stock, everyone loads up driving the price up, then everyone sells to earn a profit? Is that how he, and tim sykes, and the like work?
I don't have 100K to invest, and he invests in the 2 dollar per share stocks for the most part so its easier to turn some sort of profit rather than needing a $5 dollar jump to make some money.
I dabbled with the 4 cent to 50 cent stuff, but that was tough to make a profit day trading.
01-27-2015, 11:54 PM #2
Tim Sykes. LOL
Pump-and-dump callers are a dime a dozen. Don't waste your time.
01-28-2015, 12:38 AM #3
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01-28-2015, 04:39 AM #4
Reminded me of this article: How a Ferrari Made Me a Million Bucks someone posted it here awhile back."You have to think anyway, so why not think big?"
01-28-2015, 04:44 AM #5Senior Member
- Join Date
- Sep 2011
- Sydney, Australia
Anybody who is making real money in the markets isn't offering a service like this.
You shouldn't want Tim Sykes tips, you should want Bill Ackmans tips. You'll never get them, because he was too busy pocketing $2 billion last year by actually executing, not educating.
01-28-2015, 04:54 AM #6
01-28-2015, 05:15 PM #7
I don't really have any experience with Fous, but he seems legit. I've seen parts of his dvds and he does teach real patterns to help you identify the same trades that he makes without having to follow him.
01-28-2015, 08:13 PM #8Member
- Join Date
- Dec 2012
I will never understand the educational aspect of those websites. Are there some sites on there that teach you basics? Yes & they are usually free. Are there sites out there that are just trying to make a buck off of you? Yes & they usually have some ridiculous one-time fee. So I'd always be weary of the sites that say they will teach you to trade for a one-time fee.
The alerts, however, I have mixed feelings about. If you have a proven track record I can see having a service like that would be lucrative. Most platforms you can build out the function where if you place a trade it automatically texts/emails it to certain people. So if you have 500 followers on an alert service that you charge $50/mo for... that's $25,000/mo in additional income from doing no additional work. So if you are a legitimately good trader you won't need to advertise and will get followers to pay that monthly $50 just by word of mouth.
So in my opinion, I wouldn't use Fous Alerts. He just posts useless youtube videos of cars & whores to get you to think it's worth the money. If he actually brought value to the table he would be busy managing millions of dollars for clients bringing much bigger returns.
01-28-2015, 10:11 PM #9
^This. Smoke and mirrors to some degree.'16 MBZ S W222 (loaded)
'12 MINI Inspired by Goodwood (1/100 in US)
01-31-2015, 02:57 PM #10
I don't use fous and never have. In the beginning when I started trading I fell for the Tim Sykes bs LOL. Its all a learning curve and those guys do have some decent things to offer that can help you get the basics down, but you have to know what to filter out (usually when they start promoting themselves you can stop listening). Trading is tough and its not for everyone, you have to truly love it in order to make it in this business.
Here is a pointer I can give you, do NOT focus on only small cap or OTC's (penny stocks) just because you have a small account. You can make great returns in more expensive stocks right now with all the crazy volatility we have been having, no need to only trade cheap stocks. The OTC's are dead right now and have next to no liquidity. In reality I would say around $2k is a decent amount to start off with if your new but ideally $5k+ is better. If you do not have this to get started I would practice paper money to get used to things and see what you can do till you have more to put in your account.
Btw the only "Guru" I would ever recommend to anyone would be Nate with Investors Underground, ive been in his room for a year now and they have alot of great things to offer. Lately I have not been using chat as much because I am trying to not use it as a handicap or follow anyone into a trade but you can learn a TON just sitting in there and watching through out the day.