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In the jargon of stock market investing, the terms long and short indicate the type of position an investor has in a particular stock. Investors who buy and own stock shares are long those shares. A short position involves selling shares a trader does not own.
Commodity is something that can be traded other than a security, i.e. orange juice, pork barrels, oil, energy, etc.. A securities is a financial instrument of sorts, which includes stocks, bonds and certain other instruments.