Trade Usage Per Each contest VMC PSL 3 40.15% VMC PSL 4 53.73% VMC PSL 5 40.99% (48.66% adjusted for extra trade)
Commentary: As we can see trade usage fell significantly from VMC PSL 4. True some of that can be explained by having an extra trade available in VMC PSL 5. But overall if you factor the buy and hold investor into the mix that didn't use a trade, it still come out to be significantly less trade usage in VMC PSL 5 versus VMC PSL 4. What can be taken this I don't know, but I'm kind of surprised by the dropoff in trade usage on an adjusted basis, expected it to drop on an overall basis. Hope this helps.
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