Slippage explained

Slippage can come from spread, low liquidity, order size, latency, or rapid market movement. A leader may enter at one price, while a follower's config would only be able to enter at a worse price.

That difference matters. A good signal can become unattractive if the follower consistently receives worse execution.

Event markets can move sharply when new information arrives. A market that looked calm for hours can reprice in seconds. Thin order books can also make larger orders move the available price.

This means a copy workflow needs slippage limits. Without them, a config may accept prices that no longer resemble the leader's original decision.

A slippage skip can feel frustrating if the market later moves in the desired direction. But the skip may be exactly the protection that prevents you from accepting poor prices.

Review should focus on decision quality, not only missed profit. Did the rule protect the setup according to your plan? If yes, the skipped trade may be a useful result.

Compare slippage by leader, market category, and config size. A leader may be followable in large political markets but not in smaller niche markets. Or the strategy may work only with smaller sizing.

PolyVexa logs make these patterns easier to see. Expected price, limits, copied decisions, and skipped reasons belong in the same review workflow.

Slippage should not be reviewed alone. Cooldowns can prevent repeated reactions to the same volatile move. Exposure caps can stop a config from building too much risk while chasing a fast market.

A mature copy setup accepts that some good signals are not copyable under your conditions. Not participating can be the best decision.

Set expectations before a config looks live-ready. Ask what amount of slippage is normal, what amount is questionable, and what amount should block the trade entirely.

Without a reference point, every difference feels subjective. With a defined limit, the review becomes calmer and more repeatable.