To be a successful trader you need to remember only 1 rule: When people are greedy be fearful. When people are fearful be greedy.
Fear, greed and risk these all things of the market can be calculated and the best way to calculate is to get the data of the market on regular basis and keep studying the data, the more you will stay in the market, the more you are going to get the facts about pumps and dumps of the market and by this you can take the maximum advantage out of the situation. You can also act as an advisor for other investors with some share in the profit.