Going all in on a stock that is likely to follow a continuation pattern is madness in this market condition. But even if you succeed it is a gamble to take a position without looking at what it is doing. We are in a bear market. Some of the biggest rallies come in a bear market before reverting to the dominant trend. If you are a day trader, that is a different matter, as you should be doing it on a time frame that suits the price action with the intention of getting in and out intraday. Your stop should be under a low of consolidation, or lod or whatever stop suits your risk tolerance in relation to your potential reward. At the moment the conditions are awful despite whatever anyone else might say. Generally, selling the rip as a strategy is working far better than buying the dip.
