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.
My strategy in the crypto world if I have 1 bitcoin then I will buy Altcoin 0.3 bitcoin. 0.7 for backup if the altcoin price goes down we can backup, I prefer short-term trading. And a little play margin
everyone has their own strategy which they think it works, and I'm not a person who has been holding for long time and throwing away the chance, when prices go up 2x I will sell everything, I don't want to be too greedy and ultimately lose because the price of altcoin is very easy to collapse