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<<By slippage are you saying maybe by the time the order got filled it would have been filled at say $8 or something?>>
If you use stops for entry or exit points, the stop price is not necessarily your fill price. Your actual fill is determined by the liquidity of the market and/or the volatility at the time of the trade, and the honesty of your broker. If you are using a visual price tic, then from the time you submit your order(s) to the time your order is filled is a factor, plus the preceding. I'm assuming you have already factored in commission.
Jay
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