I've yet to trade live so i'd like to get some insight from experienced traders.
I was wondering if slippage usually happens in the direction of the market or is it erratic? (assuming market orders)
In other words, if i trade a breakout going long would the slippage be in the direction of the trade, hence working against me? while on the other hand, if i went long on a pull back the slippage would be downward so it would work in my favor?
I was wondering if slippage usually happens in the direction of the market or is it erratic? (assuming market orders)
In other words, if i trade a breakout going long would the slippage be in the direction of the trade, hence working against me? while on the other hand, if i went long on a pull back the slippage would be downward so it would work in my favor?