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Definition of 'Weak Longs'
Refers to the group of investors that holds a long position and is quick to exit that position at the first sign of weakness. This group of investors is generally looking to capture the potential upside in a given security, but is not willing to take much loss. These investors will quickly close their positions when a trade does not work in their favor.
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Investopedia explains 'Weak Longs'
Weak longs are regarded as the opposite of true long-term investors because they are not willing to hold their positions through all types of fluctuations. Weak longs are generally short-term traders who are looking for a quick profit. When the situation is not looking good, they will close their positions and go looking for opportunities elsewhere.
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Applied primarily to the futures market, this indicator confirms trends and reversals.
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