Well, in a bear market, it's anything goes, no holds barred. You shoot first and ask questions later.
Not sure if that made any sense, but maybe it's my poor English. So far, nobody answered the very specific question on slippage. What I know for sure is that I won't be holding any positions into this Wednesday's FOMC.
Nice bear flag BO here. I shorted it, but trailed myself out too soon for a meager 5 points. Not holding going into the report.
Yes, although it may have sounded rhetorical. I was wondering how much slippage those with a stop just below market (longs) got on last Tuesdays CPI drop. That drop was brutal and with not much volume at all. So, I imagine anyone stopping out on market orders got considerable slippage. While ultra-liquid most of the time, clearly there are times where you get slippage even on one contract trading ES.
Agreed, best not to hold into it. tight stops will be hit. If range is expected to be large (as it is), market orders should expect large slippage, would think a few points would be typical (no specific stats though). IMO 30 point stop would not seem large enough for this particular announcement.
Oh ok, missed that. No idea. I never trade news and always use limits. Believe it or not I often (1 out 4, 1 out 5 trades) experience positive slippage. Of course if I used limits and traded news I would experience hell slippage.