Hints from TW55 on an MBBS Tradewars game for playing red:
#1 PPT until you have enough exp to go Red.
#2 SSM until you get enough to buy another ship to SST with two ships or more.
#3 SST until you can SDT if another red is with you to clear your busts.
#4 Have a planet at Level 4 for a Mega-Rob (Only in MBBS mode)
#5 After Mega-Rob quit SST, SSM, SDT.
#6 Mega-Rob planet trading makes the best cash in MBBS, so repeat the cycle.
I put it here so I can remember it and maybe it can help others.
Bust Clear means that you have another Red player who can fake bust or bust at the port you already busted at, which clears your bust so you can start another run. This is why it is important to work in Corps and not be a Solo. Also busts clear every 7 or 14 days, whatever the game is set at, so keep track of that as well.
I am still new at it, but the lower the Steal and Rob ratio, the less Exp you need for stealing and robbing. But remember there is always a 1 in 50 chance of getting busted. That old "Barney Fife" security guard might just be awake and catch you trying to steal or rob off of his port.

So there is a 1 in 50 chance that he might actually be awake and catch you.