I was able to resolve my issue when a dell rep. suggested that I run everything at factory default on the monitor and I decided to set the max refresh rate afterward. My issue went away completely but the colors that I set to correct the colors on any game look like it's not right. Meaning the color saturation is too much or needs to be tuned. I may invest time to tune the settings in the computer rather than in the monitor to prevent issues happening on the monitor's end. 
I purchased a new Alienware AW3418DW gaming monitor from Newegg online and once I received it and installed it, it's been working well with no issues. I've been using the included Displayport cable and power cable. I then got a Cable Matters 8K UHD 60Hz rated DisplayPort cable that has a lot of good reviews on Amazon. Long story short, the issue started on my MSI RTX 2080 Ti where if I play most games with full graphic settings and the monitor set to full 120Hz, the monitor would lose video feed for 5 seconds and then regain it back and then lose it until I just unplugged the display port cable from my GPU and then reconnected it and the issue wouldn't happen unless I restart my computer. I even upgraded to an MSI Suprim X 3080 and the issue is still the same. The issue has gotten worse where disconnecting the DisplayPort cable is no longer solving the issue temporarily. Now I discovered the issue doesn't happen if I set the game to fullscreen windowed instead of fullscreen. I'm working on RMA'ing the monitor but I'm hoping if it's just a setting or most likely since I've tested it on multiple GPU's and DisplayPort 1.4 cables, then it's just the actual DisplayPort on the monitor. I don't even have the same issue on the HDMI port as well. Any recommendations or questions to my issue are always welcome. I will answer them as best as I can. 
AW3418DW, Gaming On Defective DisplayPort 1.4