When approaching any task, using the correct methodology increases the probability of success - this principle equally applies to studying Elliott Wave Theory. Investors should emphasize proper methods and techniques when learning wave theory. Based on extensive research and practical experience, I recommend adhering to the following principles when studying this theory.

1. First, You Must Believe in Wave Theory

We can reasonably hypothesize that if someone approaches a subject with inherent distrust or skepticism, the outcome will inevitably be superficial understanding and unsatisfactory results.

Wave theory master R.N. Elliott pointed out in 1989 that the theory may originate from Chapter 42 of Lao Tzu's Tao Te Ching: "The Tao begot one. One begot two. Two begot three. And three begot the ten thousand things." "All things carry yin and embrace yang. They achieve harmony by blending these forces." The numbers "one, two, three" represent the first three digits of the Fibonacci sequence, while yin and yang symbolize the principles of market rises and falls. The concept of achieving harmony through blending these forces encapsulates the essence of wave theory. Therefore, I advise skeptical investors to open their minds and trust this "sharp sword for conquering the stock market" to truly benefit from wave theory.

2. Acquire Knowledge of Wave Theory

Understanding wave theory fundamentals is prerequisite for mastering and applying it. Only through continuous exposure to its basic principles and analytical methods can investors properly utilize this tool. Relevant knowledge can be obtained from books - I recommend collecting quality publications about wave theory, including domestic materials. Only through systematic study can investors effectively apply the theory.

3. Practice Creating Wave Charts

Hands-on practice in creating wave charts represents one of the most effective learning methods. Practical experience generates genuine understanding, engaging both the mind and deeper intuition. From Elliott himself to subsequent wave theory masters, all have emphasized the critical importance of charting waves. The drawing process itself constitutes practical learning. As the sole criterion for testing truth, practice enables investors to predict subsequent waves after completing Wave 1 - estimating Wave 2 retracements, Wave 3 heights, and Waves 4-5 developments. This not only reinforces theoretical understanding but also helps investors feel the market's pulse and adjust their psychology. While many books recommend 60-minute charts, I suggest simultaneously practicing daily, weekly, 5-minute and 15-minute charts for more comprehensive learning.

4. Maintain Detailed Study Notes

Keeping thorough study notes offers significant benefits. First, immediately recording insights or breakthroughs creates valuable accumulated knowledge over time. For instance, the concept of "failed fifth waves" was discovered through such continuous recording and review by practitioners. Second, documenting unresolved questions allows for later review - returning with fresh perspective often leads to sudden clarity and substantially improves theoretical understanding and application. Only through diligent note-taking and reflection can investors achieve qualitative leaps into new dimensions of wave theory mastery。