Basically, anyone can post handy tips and tricks for making looting a worth while activity for money making 
For my benefit as well as others.
I know there are small sounds when a loot appears, so this can help if you aren't paying attention.
Questions:
Is it better to stay in one place? |
No. It is never better to stay in one place for anything. Swim around the entire map and I guarentee you will find more loots then just wait around for loots to respawn.