Yes, hindsight is 20/20, I have been around the pennies for a while and I have seen many people lose large amounts of money.
I have no issues with my stategy, I make money and avoid big losses. Yes, I could have made much more, but this works for me and I am very comfortable doing so. I work fulltime and am not able to watch the ticker all day.
Chasing that elusive huge gain can be very dangerous, so I like to take profits and ride freebies, some may consider it overly safe, and only see what I "could have", but what if a PR comes out tomorrow about something horribe and one of your picks crased subpenny...I have lost nothing. I can sell at any price now and make money.
Just my opinion...