The Elliott Wave Theory essentially involves two moves: when the first wave appears, you watch from the sidelines; after the second wave pulls back and stabilizes, then you enter the market and just hold on tight without moving.

There are only two possible outcomes—either you miscount the waves and accept your loss, or you catch the entire trend from start to finish.

The worst is trying to bottom-fish by jumping in and out repeatedly during the corrective wave. Honestly, I wouldn’t even dare to do that in Guilin, but you guys are truly brave.