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.
Yes, most traders in the market have their carefully developed strategy to work. But I do not think any of them will share this strategy right. For me, the universal rule is to buy promising altcoins in the period of falling markets and prices. And I try to sell when they reach their maximum.