Jim Dean Elite   Posts: 1059 Joined: 10/11/2012 Location: L'ville, GA  User Profile | Good advice. Probably worth mentioning that the experience you've had is with very liquid symbols, such that routing availability is generous, thus the minimal slippage. OVest currently offers some strats tied to entirely different lists of symbols - ones related to industry groups - which have on the average far less liquidity than the ones you've been trading. And, although it's not been tested, I still firmly believe that slippage can be a serious issue for symbols/lists of significantly lower avg daily volume. This danger, I believe, is exacerbated more in a shorting environment than in a bullish one. These are just opinions. I do feel that TP needs to give the option of automatically resubmitting a failed MOO short order with a followup Market or Limit (better, esp for shorts that failed with MOO) order. I included this in my recent feature-request post. As you said, the opportunity to submit Mkt orders before the open nicely works around some of the hard-to-short cases, for highly liquid stocks. Question: what percent of the trades that you've tracked in the past year have been shorts using Market orders? Do you have a separate stat for the slippage of that subset? [Edited by Jim Dean on 11/20/2013 6:49 AM] | |
