Debunking News Slippage

Discussion in 'Order Execution' started by GipsyMonkey, Sep 8, 2021.

What's your take on news slippage?

  1. "Avoid the slippage, institutions are the evil in this world"

    0 vote(s)
    0.0%
  2. "Trying some stuff on my free time to kill the slippage"

    16.7%
  3. "I am the mf who gets the good fills and cause your slippage"

    16.7%
  4. "I YOLO my life saving into SPY calls expiring tomorrow so f**k u and the news"

    50.0%
  5. "No idea what you talking about"

    16.7%
Multiple votes are allowed.
  1. Hi guys,

    Ever heard the infamous words: "Avoid trading during the news..." and so on?

    I don't see why retail traders should avoid the news, these are the most volatile moments in the markets. As far I am concerned, a lot of people say "avoid the news because of bad fills", the best comments I've ever red are when people refer to "institutions" as they are talking about some kind of illuminati s***t. I have a good laugh when people bring in the discussions Wyckoff and Elliott waves as well. "Ohh look at the institutions, they are accumulating now, etc.." but that's another conversation.

    Personally, I work in trading in an "institution" and I've never heard my bosses planning to wreck retail traders like some evil genius "AHA! Today we are going to crush the retail traders! HAHAH (Evil Laugh)" Darth Vader way :finger::sneaky:

    Anyhow, don't get me wrong, they are mostly right, you get bad fills. Who gets the good ones then? Cause I can assure you, the big boys are not behind some dodgy blackbox trying to kill your trades boys. I know few of them taking advantage of it, but they can't be 100% them all the time. They just have better and faster programs than your average NinjaTrader platform. NT, don't hate me, please. I love you, but you are slow mate!

    What's your take? Are you just going to shut up and let other people cash in while you are watching or some of you tried to do something about it?

    In my humble experience and free time, I am working on something already to get an edge, I was wondering if anyone else is trying to do something or they are just jumping on the "I know it all" bandwagon recommending to others to avoid the news.

    Cheers
     
    Axon likes this.
  2. Nobert

    Nobert

    Hey.

    TAL was down 70% during the Friday.
    Saturday comes out the ,,news" about CCP cracking the tutoring sector.

    Pro boyz have a better touch, when it comes to news.
     
    Last edited: Sep 9, 2021
  3. maxinger

    maxinger

    The infamous words:
    "Avoid trading during the news."
    is wrong.


    It should be :
    "Avoid listening to the professional talkers. Do your own analysis."
     
    murray t turtle, Axon and GipsyMonkey like this.
  4. SunTrader

    SunTrader

    Did someone say Nip Slippage?

    Oh Newze, snooze.

    Nevermind.

    Trade the reaction ........... not the news - is my adage.
     
    murray t turtle likes this.
  5. %%
    Its like MM Blair Hull said ;
    cant go with the news go\ with the truth.......................................