In this example, each time through the loop, the variable position is used as an index into the list, printing the position-eth element. Note that we used len as the upper bound on the range so that we can iterate correctly no matter how many items are in the list.
Since lists are mutable, it is often desirable to traverse a list, modifying each of its elements as you go. The following code squares all the numbers from 1 to 5 using iteration by position.
Take a moment to think about range(len(numbers)) until you understand how it works. We are interested here in both the value and its index within the list, so that we can assign a new value to it.