I agree. It completely depends on the type of trader you are however as you point out. If you define yourself as a swing or short term trader...then yes..that person probably should have sold a percentage of his stock near that top. However if one is investing in the longer term range....using a weekly or monthly chart and the 200 day moving average etc....and bought at .005 and is still holding...we'll he is still up about 130% and now the stock looks ready to consolidate and try for that top again...and he or she has not had any stress about moving in and out...but have their eye on the 200 day...even if it breaches the 200 day...and the traders is forced to sell...they'll sitll have almost a 100% profit.
So it does depend on how you want to go into this...define yourself as a trader..and what your plan is. Plan the trade and trade the plan. What some might find reprehensible works for others. What is great is a place like this where everyone can learn...and all of these different strategies is what provides success. Can you imagine if 100% of all traders traded the same way and all believed they should sell at .02 from .005? What a cascade into sub-penny land that would have been. Even those who short stocks are necessary in the stock world. But that is probably a whole other discussion
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