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Hello everyone,
I've received various and varying answers to my question on how much
slippage to expect on a "big" S&P stop order. They've ranged from none most
of the time, to a few ticks, up to a half and a whole point. I also had
someone tell me that as slippage goes both ways (positive and negative) it
just about evens out. The different answers do make me think that a lot
might depend on the specific broker...
What I`m wondering about is in the subject line of this e-mail; assuming
slippage is/would become as bad as .5 to 1 point, would it be preferable to
take the slippage, or to use stop limit orders, thereby invariably missing
out on some trades (anyone have an idea how much that would be?). Or as
someone said, pay the higher commissions and get 99% no slippage with
e-minis. One problem that I do have with e-minis is that when you have a
specific system/methodology, the .25 tick trading minis give you less
options on your entries and exits, so in a way you could say the minis have
their own built-in slippage...
Has anyone else gone through these quandaries before implementing a
system,methodology?
Any comments would be greatly appreciated.
Philip
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