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.
I do not agree with this strategy. When the price grows, there is no point in selling part of the coins. Nobody knows how long the price will go up. In this case, you need to monitor the movement and act on the situation. This will allow you to maximize your profits. It is possible that there will be a situation where the best solution is to re-buy a coin.