You have a job correct? Then you should do long term and it's the reason I went longer term.
1) I get my bi-monthly pay check.
2) I make 10-20% a month on my fx account with VERY LITTLE stress. (better than placing money in treasuries, savings accounts, bonds)
I make a trade, goto work, come home and check, watch tv, hang out, bed, wake up check it, goto work, etc. I rarely stare at charts anymore. If I'm on the computer I usually close out of MT4 so I don't watch.
The only reason I took a larger than normal hit, is because I was going for no losing trades. So I should have bailed on UJ with my average, rather than based on individual positions. Lesson learned. So the oppurtunity was there for me to make money, I just, technically, got greedy.