Altcoin purchase and HODL strategy | NewProxyLists

I have been trying to research good, new, low-cost coins to invest in. I have been trying to purchase a small amount each day on a new coin. My strategy is to HODL that coin until it reaches 300% growth and at that point convert 1/3(my initial investment) back into BTC.

After that point, I am only HODLing coins that were only collected with profit. This way if that coin goes back to zero I do not lose any actual money. I think it is really important to know what that coin is about and believe in that coin. If the coin never reaches 300% at least I know that I am trying to support whatever that coin is trying to accomplish and won’t feel too bad about the loss. What are your thoughts on investing this way?