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.
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 strategy that you submit is correct if market conditions continue to rise, but the problem is the price coins down after we buy. This is the solution to look for. Suppose we buy coins with the price $ 1 with a total coins 100. Here we spend $ 100 capital.
Then the coins price drops to $ 0.5 so we lose as much as $ 50.
Well, the solution I think by buying coins as much as 200 coins. We can sell it when the price is $ 0.75.
When the coins price drops then add the amount of coins to cover the initial loss.
Buy $1=100 coins
Sell 100 coins = $0,5
Loss = $50
Next:
Buy $0,50 = 200 coins
Sell 300 coins = $0,75
Profit = $25
100 coin + 200 coins = 300 coins
300 coins = $225
Authorized capital = $200
