The Trading Strategy: Eleven Months In
Yesterday was the last trading day of March and ConocoPhillips (COP) is no longer the top stock of the S&P 100 going into April. On February 1st, I bought eleven shares for $90.63 each, totaling $996.92. I had $8.96 in cash leftover. On March 1st, the shares paid $5.06 in dividends increasing my cash balance to $14.02.
Yesterday, I sold the eleven shares for $101.86 each for a total of $1,120.45. Along with the cash balance, I now have a grand total of $1,134.47 in cash. I started testing with $1,001.66 so this strategy has yielded 13.3 percent over the last eleven months. This is good considering market volatility continued in March due to the ongoing war in Ukraine, rising inflation, and Federal Reserve tightening. See the table below for a summary of each month’s ending ba...