Day Trading Journal - CME & CBOT Futures

Feb 23, 2021 Tue
#1 0110 MGCJ1 short 4 @ 1812.9

0115 close 2 @ 1811.6, +26

0205 close 2 @ 1809.2, +74, FLAT

#2 0208 MGCJ1 long 2 @ 1808.2

0325 close @ 1809.2, +20, FLAT

#3 0331 MGCJ1 long 2 @ 1806.8

0350 close @ 1810.1, +66, FLAT

#4 0421 MGCJ1 long 2 @ 1805.6

0457 MGCJ1 long 2 @ 1803.0, the new daily low

0507 close 2 @ 1803.9, +18, LIFO

0527 close 2 @ 1806.7, +22, FLAT

#5 0949 MGCJ1 long 2 @ 1796.0

1004 close @ 1800.6, +92, FLAT

#6 1010 MGCJ1 short 2 @ 1805.4

1027 close @ 1805.2, +4, FLAT

#7 1031 MGCJ1 short 2 @ 1807.0

1107 close 1 @ 1804.3, +27

1118 close 1 @ 1803.4, +36, FLAT

What's your experience with slippage for trading GC and CL? Is it fair to expect a tick of slippage every trade or does that only occur every couple of trades?

This depends on the volatility and volume in my opinion.
Typically slippage is 0-1 tick for GC/CL and 2-4 ticks at peak volatility for front-month futures where a native stop order is triggered.
It will incur 1-2 additional ticks for back-month futures and micro futures due to the thin bid/ask volume.