Practice in the broad sense of the term, is the act of doing something regularly or repeatedly to improve your skill at doing it – our first pillar. One’s practice regime MUST become habitual; a persistent, continuous flow of day-to-day practice should be established. Why? The essence behind EHP is to create muscle memory; this is a form of procedural memory that can help you become very good at something through repetition, primarily without conscious thought – our second pillar.
Researchers have found that practice alone doesn’t necessarily lead to mastery. Instead, experts suggest that the right kind of practice is what really matters when trying to optimise learning and increase skills; ergo the term ‘effective’, the final pillar from our trifecta of EHP. Effective practice is going in the direction you want to go in an efficient manner, this means setting goals and actively pursuing them. Our practice should be on the very cusp of one’s ability, ever so slightly out of our comfort zone, for this is where true growth resides.
The secret that binds Effective Habitual Practice is focus, the key to mastery and expedited growth. Our time dedicated to EHP should be treated as a ritual of sorts, no distractions of any kind. One may use the modern term of mindfulness; fully present with only our task at hand, truly committed and unwavering to any external sources of interference.
Practice, if not monitored can have a detrimental effect, as the muscle memory doesn’t judge whether you’re doing well or bad, you may practice poorly and and create poor muscle memory; making the same mistakes time and time again, therefore the key is to build the correct muscle memory.
How does Feibel Trading fit into this equation? professional feedback from experienced traders is an integral part of the process, we work very closely with our candidates, making the necessary adjustments that will inevitably lead to an improved state of EHP.
Feibel Trading offers two solutions with LIVE mentoring, complete with bespoke individual training regimes that evolve with the trader – online solution 1 and our in-house training programme. For those traders who cannot fully commit to a course or have experience with LPA and our methods, we offer a monthly subscription service to various forms of practice LIVE via the internet.
Benefits of EHP
- Increase chart reading ability
- Learn to trade different market conditions
- Develop bar-by-bar price action skills
- Finely tune trade execution
- Gain deep insights into market behaviour
- Multiple time frame analysis
- Solidify principles found within LPA
- Chart analysis from members
- Understand the importance of volume integration
- Plus much more