Ask Colin

If you wait for the correction for a few days and then when it occurs it is above the original breakout do you still proceed with the trade?

In the time frame that I trade a few days is nothing. I am looking at weeks or even months. Usually the first correction will be to the breakout point and commonly below it. However, sometimes the correction will clearly be showing signs of finding support above the breakout level. I would buy more in this situation.