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I disagree with your contention regarding slippage, unless you are:
1. taking longer term trades (tough in the S&P these days)
2. working with a $100,000 margin account
3. taking real big targets
For the average daytrader, slippage is a crucial cost of doing business.
You can not avoid it, but you MUST minimize it. The last couple of
days 2 - 3 points slippage in and out can erase expected gains for most
traders.
If you and your system can stand up to that kind of expense load and still
make money real time then you may indeed have the holy grail.
Regards.
Tom Schrader
RJP wrote:
> $165 is used in the commission as slippage calculations.
>
> READ IN BETWEEN THE LINES, with a 6.7:1 risk reward ratio (for those who
> know what that is!) and 77% winning trades slippage and commissions will
> have little impact on profitability.
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