Buy low sell high! Its as simple as that in the end.
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That's it in a nutshell alright, but greed can kick in and something goes 5x and you hold out for more gains. Better to have a contract with yourself that states if it goes up by a certain multiple, you cash out half for example.
That's more day trading I suppose, but I get your point. 50% gain and sell wouldn't be a bad approach I guess, but I tend to hold for years at a time.
Yeah, at the peak of the mad bull you could buy and feel every couple of days that way.
It grew to be quite intensive though so I ended up just hodling too. All the way down!!!