The stock market is filled with stranger danger, and yet, so many traders fall for the tricks of smoke and mirrors. The biggest culprits of this is stock pumpers. While pumpers are usually found within the world of penny stocks, they are always on the lookout for stupid stock traders, even in the world of big boards.
Pumpers make money by forming a following, and then telling their followers how great a stock is. In order for this to be a successful operation for them, they need to create trader puppets.
Building a following is difficult due to the fact that their hot stock picks ultimately lead traders to the slaughter, however, the tactic they use creates a positive illusion when attempting to gain followers. This is what is covered in the video below.
From here on out, apply what you learn in this video to people you see out there in the trading world and you’ll be able to quickly figure out if they are trying to create an illusion of how great they are.