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    Going Long – This means that you’re betting on the instrument (stock, future, option, etc) to go up and that you want to buy. You purchase the financial instrument, watch it rise and then sell it for a profit. Profit are realized when you buy low and sell high. It’s also known as taking a long position.

    Going Short – This means that you’re betting on the instrument to go down and that you want to sell or take a “short positi

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