How do you make money from a boom/bust system?

How do you actually make money from a boom/bust system as a space trade-baron? I have never understood it beyond a boom system buying stuff at higher than normal prices.
 
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If you want to support the people in power, do trading and missions for that faction. You can also shoot down opposing ship in CZ.

If you want to support opposing factions, do missions from them and / or shoot down the faction ship controlling the system in CZ to earn combat bonds.
 
You said it yourself: you can probably sell at a higher price in that system. On top of that, the prices get influenced less by high trade volumes.
Additionally, the factions which are in boom hand out higher ranking missions with better payouts (money + materials).
And then you can get better modules at the oufitter's.
 
in 2.1. systems in boom sell their goods much cheaper, and buy high value/luxury goods for more CR.

so, for exampel, exporting performance enhancers from a high stech system in boom to an extraction system in boom, bringing back palladium, can net you 3k+ credits - that's double the profit which was possible before 2.1.

with the effect on sell prices on medicines in systems effected by war/civil war or outbreak, or on food in systems with minor factions in famine, you can make massive profits selling "low value goods" like basic medicines from boom systems - up to 3k profit for a single export.
 
Diamonds and painite sell for much higher values in boom systems, 10-30k more. And there's a lot more mining missions worth more money during a boom.

In a bust state, space traders spawn at selling goods sites buying narcotics at top dollar. I don't know what else at this stage.
 
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