The Dip and Rip. It loses me money and I keep stop coming back to it. Lately my entries have been to early, but the problem that I run into is entering the position at the correct time. And timing is everything when day trading volatile penny stocks. I can enter early and try to catch a falling knife, which is super scary and may have bad R/R, with the benefit of perhaps nailing the bottom. Or you could wait till what looks to be a reversal with a higher high and higher low, then enter on the higher low, which is what I did. Now the main issue is the stock reversed back after I dip bought the higher low and I had to cut losses. About 45 mins later it did spike 15% roughly then dropped back and continued the all-day fade after that. Besides my entries, I haven't been seeing fantastic results with the Dip and Rip pattern, so I will continue to keep an eye out for the setup but will only paper trade it. Giving up on a strategy after only a few trades is not smart, so I wont do that, but repeating the same action expecting a different result is the definition of insanity. I can't keep losing hard-earned money on a pattern with a 0% win rate for me. I will focus on morning panics and ABCD afternoon patterns from here on and hopefully can come back from $320+ in losses.