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15 ticks of slippage!


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15 ticks of slippage!

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  #1 (permalink)
Austin, TX
 
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So I'm putting the finishing touches/tweaks on a slippage indicator that shows the relative slippage over the course of the day..

And I'm tooling around on CLK11 and I'm checking out spikes and low and behold....some poor soul, bought a May oil contract at 17:49 on February 23 and he got dinged for 15 ticks in the process......ouch.

Price went from $100.77 to $100.92 with 1 single uptick.

If you're marginal reserve is $5k........that's a 3% slip.....one transaction....

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Market Wizard
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RM99 View Post
So I'm putting the finishing touches/tweaks on a slippage indicator that shows the relative slippage over the course of the day..

And I'm tooling around on CLK11 and I'm checking out spikes and low and behold....some poor soul, bought a May oil contract at 17:49 on February 23 and he got dinged for 15 ticks in the process......ouch.

Price went from $100.77 to $100.92 with 1 single uptick.

If you're marginal reserve is $5k........that's a 3% slip.....one transaction....


Why the hell would you want to trade CL 05-11 at 17:49 on February 23?

Why the hell would you want to trade a back month contract during the least active hour of the night session?

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  #3 (permalink)
Austin, TX
 
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Whoever it was, they either didn't know what they were doing, or knew something the rest of us didn't.

I guess 15 ticks slippage is okay if you bought it in Feb and Sold it at $107+

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  #4 (permalink)
NYC
 
 
Posts: 187 since Dec 2010

Dance with the devil...you will be paid as such.

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April 1, 2011


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