Tuesday, December 23, 2014 5:28:15 AM
Understand contango or normal backwardation markets.
This example shows both with ERX..
Assume you buy one share of the index and make that "X" shares of ERX at a given point. 3X is for daily, not over time. You can see the chart. We want it going up obviously.. that might get us more than 3x's...
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