Your stand location is where you stand. In other words, it's your standpoint, like in a discussion or on an issue.

While 立場 can mean a literal standing place, it's almost always used metaphorically — to describe your stance in an argument or the complexities of your position within society, a situation, or a relationship.

This word uses the kun'yomi readings for both kanji. 立 comes from 立ち (the noun form of 立つ), and you learned the kun'yomi reading for 場 with 場所. But here's a mnemonic for both in case you need a refresher:

A sheep is trying to give you its standpoint on a touchy (たち) subject, but all it can do is say "baa" (ば). You're starting to get really offended that it's not baa-thering to take a more nuanced standpoint on such a touchy issue!