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[QUOTE="suby_rafael, post: 2477432, member: 113193"]
Short term and long term are both relative terms and the span of either of these depends on one's perspective.

It also depends on what goals one has set and what time frame one is looking at to achieve them. It may vary from one person to another. So everyone of us individually has different goals to achieve - similarly we have different time frames set to achieve these.

From one person to another short term can be ranging from one or handful of sessions to a week or maybe a month, a year or even more.

Example say there are 3 people say Rob, Raven and Bob.

Rob grinds 10 hours at the table everyday 6 days of the week. He wants to make x amount of profits this coming week. Similarly he is looking to make a certain profit by the end of three months.

Raven plays few sessions every week. She is set out to achieve at least x amount of profits by the end of three months and similarly by the end of the year she is hopeful that she'll make enough profits to buy a car.

Bob plays at the local casino every sunday and wants to set aside x amount of profit by the end of the year. Also he hopes that after five years he'll make enough profits from his weekend getaways so that he can buy a new property.

So for Rob short term is "a week" and long term is "three months". For Raven short term is "three months" and long term is "one year". For Bob short term is "one year" while long term is "Five years".

[I]Different people having different perspectives[/I]. :icon_stud
[/QUOTE]

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