Slippage

The difference between expected and actual fill price — grows violently around news.

Related terms

Smart MoneyInstitutional capital — needs liquidity to fill size, hence sweeps and hunts at obvious levels.
Spot MarketBuying/selling the actual asset for immediate delivery — no leverage, no expiry, no liquidation.
SpreadThe gap between bid and ask — your cost to enter any trade.
Stop HuntA deliberate push into a stop cluster to trigger orders — fuel for the real move.
Stop Loss (SL)Your pre-set maximum loss, placed at invalidation. Non-negotiable on every trade.
Stop Order"Trigger a market order when price crosses X" — powers stops and breakout entries.

Terms stick when you use them. The Money Circle academy walks you through them step by step.