Trader Brian Jones on Twitter: "This is the Pump and Dump. What wipes out most day traders because they don't understand the science behind it. They buy at the top of a spike in price and volume when that's the time you actually should be selling NOT buying." / Twitter

This is the Pump and Dump. What wipes out most day traders because they don't understand the science behind it. They buy at the top of a spike in price and volume when that's the time you actually should be selling NOT buying.

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Trader Brian Jones

@MasterBJones

Dec 16, 2020

Part of teaching day trading is scientific Remember what the Pump and Dump chart looks like There's the spike at the open higher with EXTREME volume In this case 25,000,000. at the open. NO WAY that kind of strong volume can be maintained. Stock must go down 100% of the time

1:57 PM · Jan 1, 2021Twitter Web App

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$bingo was interesting this week bc it kept going up for multiple days

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Sorry $bngo

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But how do you actually know when the top is? Sometimes 30% was too high, sometimes 100%, sometimes 300-500% is the top! They are all different.. so how do you actually know/decide when a stock is at its high and is about to plummet?

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