Thread: Have you ever made money on a pump and dump scheme?

He he the title says it all .

You will be hard pressed to find anybody that has made money on a true pump and dump scheme For that matter many people seem to confuse pump and dump with a good hype play ( Huge difference for those who don't know) I would like to remind all of our valued members that we don't allow pump and dump here at SHO and i can confidently and very proudly say that we never have and never will have a problem with pump and dump here on our site as our experienced staff here at SHO has proven time and time again to pick them out of the crowd and take action at the drop of a hat. Cudos to all of the staff!!!!

Agreed manipulation is a bad thing However Hype is our best friend in the smallcap markets without hype and promotion smallcaps rarely move I plan to touch base on this very topic in the future and do my best to educate our members on how to successfully trade these types of plays as once again alot of traders don't seem to understand how important hype is to the stock world Here is a few quick tips for starters Enter the play ONLY if it hasn't severely gapped up Never chase the stock Be prepared to get in and get right back out Often im in a play from seconds to minutes rarely over a few hours If you don't have a 25K account join www.harmon trading.com They allow a daytrading account on a 2k min balance {an absolute must in our buisness} Take a large enough position that it takes minimal upticks to make a profit I suggest somewhere around $2000.00 Greed will break you Don't try for the home runs a nice base hit on a regular basis will get you much further i suggest taking profits at 10%- 20% areas Cut small losses before they become big losses Don't become a stuckholder!!!! Loosing trades is a part of successful trading be willing to cut losses and put your money into the next play if your play is not working If you don't have a L2 service GET ONE If you don't have a L2 service GET ONE If you don't have a L2 service GET ONE If you don't have a L2 service GET ONE I cant't stress this enough Be a trader in smallcaps not an investor investors in smallcaps usually end up giving their money to more experienced traders and market makers I could go on and on but time is limited more to come.

The info you described here is very much appreciated Chuck. I look forward to everyone working together on SHO as a single unit to benefit all.