I lose on 50% of my penny trades, but im able to do this for a living.... I do better with my big board trades, but the percentage gains are much less.
IMO the key to penny stock survival is cutting losses short... Selling for a lose is the hardest lesson, but the only way you can stay in the game... More people lose from holding on to a dog and tying their risk capital up, than anything else.
Then when you find a play like WNBD, you have to know when to hold on and let it grow... WNBD is NOT a sure thing, but the ODDS are favorable and theres a wealth of information to gain by studying this single example.
One stock like WNBD can make back years worth of loses if played correctly... Or change a life entirely