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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: virtualsignal who wrote (41794)	12/5/2000 7:14:28 PM
From: Nemer	Read Replies (2) of 44573

vs ... what those mental stops moving/slipping means to me is that rationalization sets in ... one sets a stopper at, say 1374 on a emini today to get out of a long ... and whap the mini hits the 1374 and one "awards" himself that as absolute exit [[[[ when in fact, the market would've "had actual slippage" of a quarter point due to fast movement .. or perhaps, and more likely, the 1374 might have been hit for only a few contracts and one would've actually gotten filled for a quarter or maybe even a half less .... Take the example of that bright new yellow stripe on the screen of the televised football games ... visualize calling first downs solely from the press box using that ... won't be completely correct ... one way or the other ... that is slippage ... whether you're buying or selling to open a position or covering to get out ... now actual real slippage best be figured in when one is trading as it will be a factor ... when we held a couple of spoo contests here on SI it seeems as if we charged each trade with a quarter point penalty and that is pretty close to real life. the spoo is definitely a moving target and you ain't gonna hit what you planned on ..... on the nose ... there in lies the slippage ...... only when you use a market order will there be NO slippage but the penalty you WILL pay for trusting that broker to "get you a good deal on price" will most likely exceed the slippage on a limit offer ..... hope that helps ...

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