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 means they own shares or otherwise have investments where they hope they’ll go up in value (call options, etc). Short is the opposite, where their investments are betting on the price falling.

3x long would mean some sort of leveraged position where they’d gain 3x what the underlying equity/derivative moves.