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.
The terminology for this is called part trading, where you trade - both buy and sell in parts..
You buy your coins on dips in parts and sell them on parts in every raise over the percentage you decide..
I personally use a similar kinda strategy, but the sell targets depends upon various factors including ta, FA and Market Sentiments.