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tomas said:first of is it outside? if not put it there. elm is a hardy tree that will like it best outside all year. it thrives in spring and summer and then slowly resides during autum and during winter it loses almost all it's leafs. if the tree stays indoors all year it tends to not get any propper winter rest and therefor it never springs to propper life.
second, don't let it dry out but don't over water it. elm is one of the esiest trees to care for as a bonsia and i'm convinced that it will need a bit of a hard life to thrive. so lett it dry sometimes, especialy during summer. on several occation this summer when it was so hot i let it go without water for 3 - 5 days and then imersing it in water so that the soil gets a chanse to expand agin.
when did you last repot it? it needs a change of soil each year untill it reaches around about 10 years. then change only the top soil on it every second year and all the soil every second if you are happy with it's size, if you want it to grow faster then you can change the soil every year and give it more spce ever so offen (this is in bonsai terms 2 - 5 year intevals).
do you nurish it frequenlty? there are a number of different ways to nurish your tree and depending on what you choose you need to do so at different frequency if you use regular pot nutrition then half the dose and the intervale from the packigin.
what soil have you used when repotting it. some soil can go very hard when it drys and therefore need much longer soking when re humidified. if the pot goes completly dry then put it in water and leave the top cm or so dry so that no soil is wached over the side of the pot. leave like this for about 15 min - 1 hour.
i can go on like this for a while but if any of the tips above make sence then try it. if not the next thing is to check for pests, and the best way to do so it to find a book on the subject treat it like any other pests but use half the streangth on any petisides you use.
you can always take a photo and i may be able to figure out what's wrong that way.
It's meant to be outdoor??? Are you sure? It's been inside for the last four years but the old house didn't have central heating and got pretty nippy where it was...
...also what nourishing does it need and where can I order it (pref online or via the phone). I've never repotted it either/ refreshed the soil.

