Do short term losses cancel out short term gains?

I have $1600 in short term losses in my taxable due to going 40% cash since I think we're going down 20 to 50% this summer.

So if I do some short term trades and make up to my $1600 loss will the gains be tax free?

I was thinking of swing trading MSFT and stuff since they're relatively safe long term. For example I can buy some shares of MSFT at $280 and sell at $290 or $300. If it falls further, I'll just hold long.

That way I can eliminate my $1600 short term loss.