Risk
What is slippage?
The gap between the price you expected and the price you actually got.
Explained in more detail
It happens when the market moves between your order being sent and being filled, or when there are not enough buyers at your price. It is small in heavily traded shares and can be severe in thin ones or during a panic.
An example
For instanceA stop loss set at ₹470 that actually executes at ₹461 has slipped by ₹9.
Why this matters to you
You will meet this word in broker apps, company results and market news. Knowing what it means is not the goal on its own. The goal is being able to judge whether a number is good or bad for the investment you are actually holding.
On AlphaVik, any time slippage appears in a view or a lesson, you can hover or tap the word and this explanation comes with it. You never have to leave the page to look something up.