What is a “Long” position in stocks and shares and what’s the difference between buying a long position and just buying a normal stock? Is it the opposite of a “short” position?

Question

I’m seeing alot of “3x long graniteshares” on trading 212 and not sure what it is. I know when you buy a “short” position you’re banking on the price declining. Is a “long” position the opposite? Thanks!

In: 1

Answer 1

Long and short are useful when discussing options, which allow you to buy something that increases in value when another price decreases.

So long means, I bought or sold some position that will increase my value when the price increases, and short means I bought or sold something that will increase my position’s value when another price decreases.

3x means they use leverage to get as close as they can to gaining $3 when the other price increases by $1.