A fill occurs when an order is successfully executed in the market. This can be a full or partial fill, depending on market liquidity and the order type. Timely and accurate fills are essential for maintaining a consistent trading strategy, especially during high volatility. Slippage, where a fill occurs at a different price than expected, can impact profitability. Traders often monitor fill quality and use limit orders to control execution prices. Brokers and trading platforms may also display fill statistics to assess order execution performance, helping traders refine their entry and exit tactics.
Example:
A limit order placed at $60 executes when the market trades at that price.
