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.
For me, the key principle of working with the crypto market is to rely on working with reliable projects that already have a finished product, a strong team of developers and will really be useful to the community. And it's better to buy the selected altcoins during the downturn when prices remain low and profitable for investment.