Good vs. bad fills

[It's Snake Pliskin]

Often people get bad fills and price moves on to give a good result.

Often people get good fills but the trade doesn't work out as planned.

So do you panic if you get a bad fill or do you jump up and down in glory mode if you get a good fill? And how long is your moment of joy or despondency?

I am interested if anyone thinks about good and bad fills and how they affect future results. It's a bit like accepting what you get and learning not to chase entries or wait for better fills as they nose dive etc.etc.

 

[skyQuake]

Often people get bad fills and price moves on to give a good result.

Often people get good fills but the trade doesn't work out as planned.

So do you panic if you get a bad fill or do you jump up and down in glory mode if you get a good fill? And how long is your moment of joy or despondency?

I am interested if anyone thinks about good and bad fills and how they affect future results. It's a bit like accepting what you get and learning not to chase entries or wait for better fills as they nose dive etc.etc.

Funny you should post that, been reading up on Natural Adverse Selection & Implementation shortfall.

Its a fairly tricky area. For interest's sake i've been trying to do a regression of trade fill speed vs return (massive pain in the a$$ to do).
Opens up a whole lot of avenues of research opportunities

 

[Trembling Hand]

For me the diff between an OK day and a bad day, say of 100 trades, is the way I get fills on my trades.

The difference between an OK day and a great day is that I get good fills and a good market.


Either way chasing entries rarely pays. I would think for an EOD trader because of the lack of trades over a year this problem is less likely to show up as long as they have a decent method in the first place.

 

[It's Snake Pliskin]

Funny you should post that, been reading up on Natural Adverse Selection & Implementation shortfall.

Its a fairly tricky area. For interest's sake i've been trying to do a regression of trade fill speed vs return (massive pain in the a$$ to do).
Opens up a whole lot of avenues of research opportunities

Interesting, sounds like it could be difficult.

For me the diff between an OK day and a bad day, say of 100 trades, is the way I get fills on my trades.

The difference between an OK day and a great day is that I get good fills and a good market.


Either way chasing entries rarely pays. I would think for an EOD trader because of the lack of trades over a year this problem is less likely to show up as long as they have a decent method in the first place.

Interesting TH.