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Good point here Tom. I like to think of going to an auction if I want to
buy some gizmo I have a price that I wont exceed(a limit) but I will allow a
little room to maneuver.
Brent
>I find many traders so consumed and upset over getting filled at the exact
>tick on their screen that they completely ignore whether their methodology
>is compatible with extracting money out of the market..........If the
>profitability of your methodology is completely dependent on getting filled
>at the exact price....not allowing for negative or positive slippage....you
>might need to adjust your methodology to match the execution capabilities
of
>the market you are trading..........
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