Everyone things that the solution to their losing problems is taking a ¨long term approach¨ when the reality is no type of investment is indeed safe. A person could have money management down to science, but if they aren´t planning on taking a trade based on accuracy, then your long term goals will be hammered eventually in this market as no account could ever survive a a 2000 negative trade. Reason being, because a losing position tends to increase your bias towards that position, and you will continue to add to that losing position thus making your account fall deeper and deeper into the red.
No thread, and I mean no thread online focuses on accurate entries. If people tried to get a trade in which say the base is make 10 before you ever lose 10 a person would clearly stumble apon some very interesting patterns which would make it a reality. The market is cyclical. The same patterns the market traded 10 years ago, it trades today. Until people start to realize that this market has a sweet spot, then they will continue to try to wager on tops and bottoms, and when those fail, they turn into negative 600 pip positions.
Patience isn´t key, it´s a death sentence. If I take a position, and I am ok with going in red 50 pips, the reality is that is way to much because most pairs don´t even have a daily range of 50 pips. A person turns 300 or 600% profit, that person better withdraw it, because we are here to make money. It isn´t profit unless you withdraw it, and that is a money management practice that no one preaches, because it doesn´t benefit the brokers.
My avatar explains "social trading" perfectly.