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close a position

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Close a position
In the context of general equities, eliminate an investment from one's portfolio, by either selling a long position or covering a short position.
close a position
To eliminate an investment position. The most common way to close a position is to sell a security that is owned. An investor might also close a position by purchasing stock to replace shares borrowed for a short sale.
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This is a great entry point for traders who are willing to close a position if the market moves against them.
The Experts at Option Tactics Recommend Options for the Following ... by Business Wire
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