Yes that is correct. Just like a stock. If it goes up $5 bucks you make $5 bucks. Plus you can use leverage and margin the same way you can a stock if you want to. One can still trade futures and also trade a stock account with the ETFs with a basket of them like JJG or the straight ETF as well that is a longer term hold that you wouldn't want with a leveraged futures contract. And it may be a sissy ass game but you get to keep your money most of the time and they don't take your house away like when the futures goes limit down or up and you can't get out. You can always get out of the stock like CORN or any other ETF. I like my house and want to keep it, LOL..