Trading has its own vocabulary, and it is used precisely. Confusing long and short is not a small slip. It can mean opening the opposite trade to the one you intended.
This lesson covers the four words you will hear most often.
Going long means buying because you expect the price to rise. You profit if the price ends above your entry and lose if it ends below.
Going short means selling first because you expect the price to fall, then buying back later. The logic is the same as going long, in reverse: sell high, buy low.
Bullish means expecting prices to rise. Bearish means expecting them to fall. A bull strikes upward with its horns; a bear swipes down with its paws.
You can be bullish on one market and bearish on another at the same time. The words describe a view, not a person.
Four words, two directions.
