Long in a security (or commodity), means the holder of the position buy the security (or commodity) and will profit if the price of the security (or commodity) goes up in financial markets
Remember, I am neither a bear nor a bull, I am an agnostic opportunist. I want to make money short- and long-term. I want to find good situations and exploit them.
The maximum number of speculative futures contracts one can hold as determined by the exchange where the contract is traded.