Buy the dips?

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So, I am sick with the Rona and needed a low stress trade today. Traded GLD twice and there was no skill. I literally just bought the dips. That's it. No TA. No math. Just literally bought the dips. My trades are listed below, I still have a couple runners:



But this made me think. Is GLD 2022 version of 2021 SPY? Can you literally just buy the dips?

Of course, I have to answer that question with statistics.

If you bought the dips since January of this year on GLD, here would be your outcome:
(For clarity, I define a "dip" as a drop below VWAP on the 5 minute chart. For this theoretical case study, I assume you would enter on confirmation that the dip had bottomed and was beginning its ascent and you would take profit at a retest of VWAP or slightly over VWAP).

You would have been successful 73.1% of the of time.
You would have had to stop out 14 times, or 26.9% of the time.
The remaining days there was no drop below VWAP and thus no dip to buy.

A little deja vu-y with SPY in 2021, no? Only I think in 2021 with SPY, you would have had to stop out 0 times LOL!

Your average return per share would have been 0.94 cents (SD = 0.53).
If you traded shares and traded a conservative 100 shares at a time, your gross profit would be:
$1,316
Minus stop outs (set at 20%) would be roughly 263.20.

For a net profit of $1,052.80.

Interesting!

Let's face it, SPY was so 2021. GLD is where its at now!

(Please note, this is for INFORMATION purposes only, I do not advocate such a strategy! It would be ridiculous and reckless. Do your due diligence before entering any given trade!).