I trade futures but have a question for a friend...... he is daytrading AAPL in 100 share lots using TradeStation software and brokerage. On his stop losses (loss or trailing for profit) he keeps telling me he's getting 5-10 cents slippage. this does not seem right to me. Is it? On a large volume stock of AAPL once his stop level is hit, it's moving 5 to 10 additional levels before getting him out of a 100 shares which is a grain of sand in AAPL daily volume. is that normal? thanks.
Yes its normal. He is lucky its not more than 10 cents. In time of high volitilty can be definitly more.
ok, thanks. I figured it was possible at times but just seems like it's ALWAYS happening multiple times a day (according to him) so thought I'd ask since I don't do stocks. Thanks.