October was a Good Trading Month
On October 3rd, five shares of Eli Lilly & Company (LLY) were purchased for $320.69 totaling $1,603.45 in stock, and $295.80 in cash was left over for a grand total of $1,899.25. On November 1st, the shares were sold for $349.37 leaving a grand total of $2,042.60 in cash ($1,746.80 in stock proceeds plus the cash of $295.80). In August, I started with $2,005 so this trading strategy has returned 1.9 percent over the last three months. And LLY is no longer the top stock in the S&P 100 index.
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For comparison, the S&P 500 exchange-traded index fund, SPY, returned negative 6.3 percent from August through October so the trading strategy continues to outperform the broader market.
While the market w...