How Much Stop Slippage is Typical?

Quote from Gyrene Dertra:

Actually 50 cents or even a dollar in one minute is pretty common these days...we have been having at least one move of that magnitude that quickly almost daily lately. It's usually on high volume though and the slippage shouldn't be more than a few cents at most.
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I think you misunderstood. I literally meant 50 cents in one second.
 
show me on a chart .. tick where oil moved 50 cents in one second? only time is on wednesdays at 10:30 eastern eia report.. i think you are misunderstood?
 
Quote from nolajy:

show me on a chart .. tick where oil moved 50 cents in one second? only time is on wednesdays at 10:30 eastern eia report.. i think you are misunderstood?
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Ive seen what this fellow is talking about, and it wasn't on WED.
 
Quote from nolajy:



p.s. stay away from the mini crude if using stops. at 2.5 cetns per tick and low volume .. you can be down 5 to 7.5 vents in a millisecond.
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Personally, I've used hundreds of stop market orders on the QM mini, and get next to no slippage 98% of the time.
 
Quote from nolajy:



Lastly.. use an outright stop not a stoplimit
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This I agree with too. Stop Limits have been by-passed many times for me, and your left sitting there with a limit order.

If you leave a big enough buffer though - this might solve it, but even still I wouldn't trust it.
 
Quote from nolajy:

show me on a chart .. tick where oil moved 50 cents in one second? only time is on wednesdays at 10:30 eastern eia report.. i think you are misunderstood?
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Sadly I don't have a tick chart for it. I trade OTC power and just happend to glance at crude on webice. With webice you can see the entire depth of the book, no matter how many orders.

I remember the offers had really really thinned out because they had been lifted so quickly.

I'm positive it happend because I even looked at the T&S with a co-worker of mine. The trade was transacted as an outright and not a spread.
 
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