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Why 90% Of my Trades are in the First 2 hours And how I made $1400 This Am.

I really only focus on the first 2 hours of trading. Thats when 90% of my live trades go down. Thats when 90% of me talking on FOUStv Live goes down. Thats because this is when the days new breakouts first occur. And in choppy markets like we are in today. That first initial breakout may be all that stock is gonna move for the day. So for the most part. I am able to only trade for 2 hours. And walk away.. Because everyone who is trading through the intraday mess is losing money dealing with the chop and pulling their hair out.

See this live trading video how how i made $1400 today on $USU and $HZNP using the FOUS4 strategy. In addition to having it all announced live on FOUSTV.


Posted byCameron Fous
June 13, 2012
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  • Wattabrothers

    Real good video, I noticed you were trading early in the day as of late.  Cant wait for BOOTCAMP !
    Cheers-Anthony Watts

  • Fredfarkel

      I don’t understand how the F pattern day trading strategy can work for a
    10K account.  You have to be really capitalized heavily to make cash
    with 5-10 cent daily moves. Especially if you’re picking roughly 50% winners.Even cutting your losses at 3%. What’s the trick to pulling it off?  Thanks

    • fous

      It doesnt matter what size your account is. All that matters is if you can day trade. my position size is relative to my account size. as is would be the same with your account @ 10k .. if your account is under 25k .. you can by pass that rule with this broker 
      http://fousalerts.com/acct-under-25k-then-you-need-to-be-with-this-special-broker/

      • Guest

         I meant, with a 10K acct. size, I’m buying 500 shares of a $2 stock so I’m not trading over 10% of my account on any one position. Goal is 20-40% gains with 7% stop losses. If I’m day trading that same 500 shares and I exit after a 10 cent day’s gain because that’s near the HOD, how am I ever going to profit with a 5% gain? Thanks for the info and videos.

        • David John Hall

          Fred — you’re gonna have to go bigger with a day trade — which is okay if you’re not holding overnight.  Unless your stock gets halted mid-day in which case you’re screwed!  

          Here’s why you can go bigger on a day trade:  because the distance to your stop is closer and tighter, so your position size can still be bigger.  

          If your stop on this individual trade is -3% away — and you want to risk no more than 2% of your TOTAL EQUITY ($200.00 for you), then reverse engineer into that and divide $200 by 3% — and you get your position size.  

          Which is $6666.66.  Meaning a -3% move against a $6666.66 position will cost you -$200.00.

          So now you can buy 3,333 shares.  Now that .10 move is worth $333 to you.  Not bad for a few minute’s worth of work!  

          Like I said, if you’re trading risky stocks with the potential to get halted, then watch out!  But I think Cameron trades mostly major exchange stocks.  I trade those stocks too (for about 5 years) and I have NEVER been a position that was halted.

          If your goal is 20-40% gains with a -7% stop — know that you will have to be in those positions much longer to realize your gains.  

          I use those targets all the time and know that it can take a couple days to a month to get there.  Which means your capital is tied up longer.  Which means you have fewer trades per year.  Which means less potential.  There’s trade offs everywhere, my man!

          So I say go with what works for you.  Cameron’s putting up stuff that works for him.  And it would definitely, in theory, work for a 10k account.  But you have to be comfortable going bigger.  Not everyone is.  And for sure don’t go that big if you’ve ben trading 2.5 weeks or something like that.  Anyway — that’s life in the market, right?!  Can I get a hell yahhhhh?!  :-)

          Dude — how long did I just ramble on? 

          • http://twitter.com/frankkolnacki frank kolnacki

             I wouldn’t recommend putting 60% of your bankroll into any ONE trade regardless of hold time, stop loss or confidence factor. Other sources concur.