The term "LONG" is to mean that you are expecting the price to move higher. |
A typical use of the term in practice or placing an
order would be something as follows: I have been long 500 shares of XYZ since March 25. On a breakout above $35, I have a stop set to go long 500 shares of XYZ. If my stop is filled, I will have a long position in XYZ. |