This is the Strategy I was following in crypto. This is the example.
buy coin 300A @1.00 = 300
Sell 150 @2.00 (Now you covered your initial investment(Excluding fee))
Sell 50 @3.00 = 150
Sell 50 @4.00 = 200
Keep remaining 50 for long term( If market is crashing you have to sell this proton immediately).
But this method can't apply if the market crash before it reaching to 2x. I would like to know the approaches/Strategies you are following and drawbacks of this method.
A fair amount of coins drop when they hit the exchanges from the original price. I like the logic behind your approach. Especially recouping your initial investment and then playing with the "house money". You would have to do this with several coins to make it worth while. I think the more coins you purchase the odds start stacking against you on how many will fail.