[Verse 1] When traders splash into the market pool Big orders ripple, that's the golden rule Prices bend and shift beneath the weight Every buy and sell seals someone's fate Temporary impact hits you first Like a stone that makes the water burst [Chorus] T-I-M-E costs money when you wait Permanent impact changes market fate Temporary shocks will fade away But permanent shifts are here to stay Market impact, timing's cruel dance Every second steals your performance chance [Verse 2] Block trades crash like elephants through glass Information leaks as minutes pass Slippage grows with every tick that crawls Price discovery echoes through the halls Smart money watches, vultures circle round Your trading secrets make an expensive sound [Chorus] T-I-M-E costs money when you wait Permanent impact changes market fate Temporary shocks will fade away But permanent shifts are here to stay Market impact, timing's cruel dance Every second steals your performance chance [Bridge] Implementation shortfall grows and grows Between decision price and where it goes VWAP becomes your benchmark friend But crossing spreads will make you bend Algorithmic slicing helps you hide Breaking orders keeps costs on your side [Verse 3] Market depth reveals how much you'll pay Liquidity determines if you'll sway Institutional flows move mountains high While retail trades barely catch the eye Price improvement fades as size expands Execution art demands steady hands [Chorus] T-I-M-E costs money when you wait Permanent impact changes market fate Temporary shocks will fade away But permanent shifts are here to stay Market impact, timing's cruel dance Every second steals your performance chance [Outro] Trade with wisdom, split your size Monitor the market's watchful eyes Impact measurement tells the tale Of whether your strategy will prevail
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