Promotion Promotion Promotion 🥳🥳🥳 #8 Don’t Put Too Much Stock in Promoters
Puffed-up press releases can promise massive gains … but if it sounds too good to be true, it probably is.
Promoters get paid to promote stocks. It’s their job. Your job as a trader is to study, prepare, build your knowledge, then become a self-sufficient trader. Part of your job is to understand the role of stock promoters. They aren’t your friends.
Does this mean you should never pay attention to their promotions? As much as I’d like to say you should completely ignore them, they’re a part of the penny stocklandscape. You need to know what they do, how they do it, and how it affects price action.
Then, and only then, can you use the information to your advantage.