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Scaling up — how do you manage initial slippage with larger sizes?
Been trading micros on a prop firm account for a bit, doing okay. Now looking to move to standard lots on some pairs like $EURUSD. My concern isn't the capital, but more the execution. I've noticed even on micros, a market order can slip a pip or two on faster moves. How do you guys manage that initial slippage when your risk on that trade is suddenly a lot more substantial? Is it just something you factor in, or are there specific order types or strategies you use to mitigate it?
1 comments · 7 points
This is a great question. I've only traded micros so far, so I haven't really had to deal with this, but it makes me wonder if limit orders become more crucial as you scale up. Do you find you're using market orders more for speed, or is it more about the immediate fill?