Long position

When a trader takes a long position, they are essentially buying the security or asset with the expectation that they will be able to sell it at a higher price in the future and make a profit.

The goal of a long position is to profit from an increase in the price of the asset or security being held. If the price does indeed rise, the trader can sell the asset or security at a higher price than they paid for it, realizing a profit. However, if the price falls instead, the trader will experience a loss on their position.

Long positions are typically taken by traders who are bullish on a particular asset and believe that it will appreciate in value over time.