Trading glossary
Slippage
Slippage is the difference between the price you expected and the price your order actually fills at, common in fast markets and on stop orders. It reduces the effective risk-reward of a trade and, over many trades, can erase an edge. Slippage is usually small per trade but systematic, which is why it belongs in your journal review. In DuskAnalyst you can record expected and actual fill prices and review average slippage by strategy, session or market condition, turning an invisible cost into a measurable one.
Why it matters for your trading journal: Slippage is the difference between the expected fill and the actual fill, and it quietly erodes edge in fast markets. Logging fills reveals whether slippage is a tax worth trading around.
Example: Example: a market order on news fills 3 pips worse than the quote - over 500 trades that is a measurable cost the journal can expose.
What is Slippage in trading?
Slippage is the difference between the price you expected and the price your order actually fills at, common in fast markets and on stop orders. It reduces the effective risk-reward of a trade and, over many trades, can erase an edge. Slippage is usually small per trade but systematic, which is why it belongs in your journal review. In DuskAnalyst you can record expected and actual fill prices and review average slippage by strategy, session or market condition, turning an invisible cost into a measurable one.