In finance, a long position in a security, such as a stock or a bond, or equivalently to be long a security, means the holder of the position owns the security.

In contrast to going short (finance), to go long means that an investor intends to hold a security for a relatively long period in hopes that the price of the security will go up over the long term.

Similarly, a long position in a futures contract, or to be long a futures contract, means the holder of the position has the obligation to buy the underlying at a later date. Therefore, a long position makes a profit when the value of the underlying goes up.

See also

• Short (finance)

Financial markets

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