Funny how every time the market is in a recession and losers keep holding on to their losses they magically become "long term" holders.
God damn it, "long term" is such a stupid meme. Admit it, you wanted to get rich quick and once you realised you are too dumb to swing trade you suddenly became a "long term" loser.
Such idiocity.
You think Dan Balzerian held anything "long term"?
Long term is for losers.
Your perspective is not right IMO. Investors are usually looking on long term 5,10 or more years. On the other hand traders ( real traders) can play with the market and make some short term profits. The best example is people who invested in Bitcoin when it was a few bucks. Most of them sold them early but a bunch hodl it and they are now richer than ever.