A long position in finance refers to the purchase or ownership of a security, asset, or derivative with the expectation that its value will increase over time. When an investor takes a long position, they are bullish, anticipating that the price will rise so they can sell later at a profit.

Example: If you buy 100 shares of a company at $50 each, you have a long position. If the share price rises to $70, you can sell for a profit. Conversely, if the price falls below $50, you face a loss.

‍