the dip buyer script in the library, and my 1998 scar tissue

Read the piece in the strategy library about buying an extended drop and why it mostly ends badly. Whoever wrote it did me a favor by putting the warning right in the title, because I have been the guy who needed that title. Quick war story so you know where I'm coming from. Late 90s, I was averaging into a name that was "way below its average" on a paper chart I drew myself with a ruler. Every fill felt smart. The last one nearly took my account out. Same feeling every single time down: this is too far, it has to bounce. It did bounce, three weeks later, from a price I never saw because I was already out. So my question is about the shape of the exit, not the entry. Target 1.2%, stop 2.0%, time stop at 20 minutes. That means I need to win a good chunk more than half the time just to tread water before costs. The write-up says the high win rate is what makes the tail dangerous, and I believe it. What I can't figure out is whether the fix is: 1. tighten the stop and accept getting shaken out constantly, or 2. keep the wide stop but demand a much rarer entry (bigger deviation, more volume, whatever), or 3. lean harder on the time stop, since a fade that isn't working in the first few minutes is usually just a trend saying hello. The falling streak condition is interesting to me too. Twenty bars down in a row is supposed to mean exhaustion. In my experience twenty bars down in a row also means somebody big has a lot left to sell. How do you all tell those apart, or do you just accept you can't and size for it? Not looking to run this thing, I'm long past the age where I need a new way to be wrong quickly. Just want to understand which knob actually matters.