Are you in a cult penny stock?
All cult stocks end bad. It is human nature to want to feel apart of something. Having a group together dreaming and networking can make ordinary people’s day to day lives feel more meaningful. You work together, have common goals and you have the same enemy MMs, shorters, and bashers. This herd mentality is very addictive. When you get a large group of naive excited people together ignorance is spread. They attack logic and declare it negative or bashing. Sometimes it can be difficult to release if you’re in a cult stock or not. One of the easiest ways to find out is to take a look at the other people in the group. Are these people wall street experts? Are these hedge fund managers? Or are these people average to low-income people who have huge dreams but little knowledge when it comes to the stock market and especially the OTC? I will give you a hint an average naive person probably has less of a chance of finding the next stock going to Nasdaq than someone who is an expert in the stock market. Unfortunately, life is not fair. Plenty of good naive people lose their asses in the stock market every year. You will see an average person up 1000% on a stock that got lucky and end up losing on that stock because they are greedy and never take profits and keep buying the dips. There is only one thing that will allow you to make money long term in penny stocks. That is by taking profits and not believing the hype. Sure you will miss out on some huge runners but you will also survive major dumps. Live by these rules. Cut loss quickly and remember you never go broke taking profits. Remember penny stocks are penny stocks for a reason. They very rarely go up long term. This is why you want to make sure you take profit along the way.