# Positions

Position is the trader's stance or exposure to potential price movements in a specific asset within a perpetual exchange. Essentially, a position represents a speculative bet or investment in the anticipated future price direction of the chosen asset.

### Positions <a href="#types-of-positions" id="types-of-positions"></a>

Perpetual exchange involves two primary types of positions.

**Long**:

* Earns a profit if the token's price goes up;
* Gets a loss if the token's price goes down.

**Short**:

* Earns a profit if the token's price goes down;
* Gets a loss if the token's price goes up.

### Collateral

Your initial investment amount into the position is a collateral of the leveraged borrowing amount.

### Leverage <a href="#understanding-leverage" id="understanding-leverage"></a>

When you use leverage, you borrow additional funds to supplement your initial investment, thus increasing the exposure to the underlying asset.

### Size

The size of your position is your initial collateral plus a borrowed amount based on selected leverage.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.rehold.io/perpetuals/positions.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.