Yes, you are right. Hoping the market to do something is a poor risk management strategy. The financial markets are unpredictable, and there is no guarantee that the market will move in any particular direction. Hoping for a pump or dump is a gamble, and it is not a good way to make investment decisions.
It is important to have a sound risk management strategy in place when trading or investing in financial markets. This means understanding your own risk tolerance and setting limits on your losses. It also means diversifying your portfolio and not putting all your eggs in one basket.
It is also important to remember that trading in financial markets is not a get-rich-quick scheme. It takes time, discipline, and knowledge to be successful. If you are new to trading, it is important to learn as much as you can before you start investing your own money.