[Verse 1] Your portfolio gleams like gold on paper screens Returns that sparkle bright in theoretical dreams But when you place that trade, reality bites hard The gap between your plan and what hits your yard Market impact strikes when your order moves the price Timing delay costs you more than rolling dice [Chorus] Implementation shortfall breaks it down to four Market impact, timing cost, opportunity's door Fixed commission fees that eat into your gain Paper profits versus what actually remains I-S framework shows the trading pain Paper profits versus what actually remains [Verse 2] Opportunity cost haunts the trades you didn't make While the market moved, your hesitation was your mistake Fixed commissions drain your pocket every time Brokerage fees adding up, nickel after dime The benchmark return sits perfect and pristine But execution costs create a different scene [Chorus] Implementation shortfall breaks it down to four Market impact, timing cost, opportunity's door Fixed commission fees that eat into your gain Paper profits versus what actually remains I-S framework shows the trading pain Paper profits versus what actually remains [Bridge] Slippage creeps between your finger and your thumb The market shifts before your execution's done Every second matters when the prices dance and sway Your perfect plan dissolves in the trading fray [Chorus] Implementation shortfall breaks it down to four Market impact, timing cost, opportunity's door Fixed commission fees that eat into your gain Paper profits versus what actually remains I-S framework shows the trading pain Paper profits versus what actually remains [Outro] From theory to reality, measure every gap Implementation shortfall fills the trading map
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