If I was your math teacher, I'd give you an 'F'. :-D I've done all three and number two is the money maker. Take the last couple of trading days as an example of what happens over and over as you hold your 'core'. 4.20's to 3.40's and you held 20,000 shares (example) at $2.50 through that? Do the math!
Justify it how you want, but all that 'could have had' money is lost because it WAS in their account and could have generated more for them.. And now you have to wait for it again, if it happens. And believe you me, I hope it does for all the good folks here holding a 'core' in this meant to trade ETN. But now it's going to take higher oil to get back there...again....and again....
But to each their own style of trading. I thought I was right in all three styles you gave. But only number two makes you the MOST money...so far.
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