Slippage
Slippage is the difference between the price you expected and the price you actually got on a trade.
It's common in fast markets and for large orders relative to a stock's liquidity, because the order uses up the best prices and fills at worse ones.
In Journey Shares
Big buys move a listing's bonding curve, so the average price you pay is above the quote you saw.
Related terms
- Market order: A market order buys or sells straight away at the best price available, trading certainty of filling for certainty of price.
- Liquidity: Liquidity is how easily something can be bought or sold quickly without moving its price much.
- Bonding curve: A bonding curve is a formula that sets an asset's price from how many units are in circulation, so each purchase raises the price and each sale lowers it.
Guides
Practise with $10,000 in play money
Free. No real money involved.
For learning only. This isn't financial advice.