what do you think about pump and dump? did you ever trade on pump and dump event? can you give few tips for how to make money from this events? what i need to look for?
I think pump and dump is an opportunity for success, if you can read and take advantage of the situation well then you will get extraordinary profits, if the price plummet is a moment to buy and if it rises it is a moment to sell.
Don't look for higher profits within the short period of time you will end up in the loss. I think many people like these pump and dump but sometimes we can't figure at what price it will end and what price they will dump. So be careful while dealing with these pumps and dump.
Of course, short term holding is for only less profit and if you want a higher profit take the risk to hold. Don't be too greedy, when you know that you already profited at least 20% then sell it. Sometimes being too greedy will left us nothing. Moreover, dumps are giving us opportunity to buy and profited afterwards so don't mock if you see the exchange in the bloodbath.