Most traders use a combination of the two but will tend to give weight towards one over the other. Chris Burniske,(I recommend reading) author of Cryptoassets: The Innovative Investors Guide to Bitcoin and Beyond, covered this recently on Twitter, explaining that it is essential that you understand what kind of strategy is right for you. He shared a link from Investopedia, outlining the difference.
link https://twitter.com/cburniske https://www.amazon.com/Cryptoassets-Innovative-Investors-Bitcoin-Beyond/dp/1260026671 https://twitter.com/cburniske/status/944574503065186304 https://www.investopedia.com/ask/answers/12/difference-investing-trading.asp