Slippage
Trading & ordersThe difference between the expected price of a trade and the price actually achieved.
In plain terms
The hidden tax on impatience. It grows with order size and shrinks with liquidity.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Slippage modelling
Trading & ordersEstimating the difference between the price a backtest assumes and the price a live order actually fills at.
In plain terms
A daily-timeframe system loses relatively little to it. An intraday one can lose its entire theoretical edge.
Cost drag
Trading & ordersThe cumulative effect of brokerage, taxes, spreads and slippage on returns, rising with how often the account is turned over.
In plain terms
An account turned over twice a month pays roughly 6% of capital a year in friction before any question of skill. Choosing a rhythm is choosing a headwind.
Investor presentation
Fundamental analysisAlso called: Earnings presentation, Results presentation
A slide deck a company files alongside its results, summarising performance, strategy and project timelines in its own chosen format.
In plain terms
Useful and unaudited. Timing slippage and changed guidance often appear here in a slide rather than in a separate announcement, so compare consecutive decks.