Position is just explained in a professional way, which makes you confused and makes you feel that it is something very profound. In fact, if you just think about it, position is just like when you are playing cards. The cards in hand. You can type it out or bring it in. What is brought in is to establish a position (it can also be called opening a position) and what is taken out is to close the position (which can also be called closing a position). In fact, these words all mean the same thing. People who talk about positions are generally relatively professional people. If so, I, the common people, should just put it in plain terms. Just buy and sell. It’s so easy to understand, haha.

The first way to play is called long: just like stocks, I first buy at a low place to open a position, and sell at a high place to close the position.

The second way of playing is called short: unique to futures. I first sell when the price is high to open a position, and then buy when the price is low to close the position. Some people may wonder why I don’t have anything to sell first. You don’t need to study this. You only need to know that when you are bearish, you first sell at a high price, then buy at a low price, and complete the operation of opening and closing a position. These are the rules of the game.