Pump Guide by Pumping Peter
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The ultimate guide to make the best of your pumps! By @pumpingpeter
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| 2 |  π Understanding Slippage & Why We Advocate for 20%+ π
Slippage is the flexibility you allow for a coin's price during your transaction's execution.
During pumps, prices soar in a blinkβhence, the need for higher slippage settings. π’
Setting slippage at 20% isn't about accepting a loss; it's about ensuring your trade goes through even if the price shifts by up to 20%. Think of it as a net that catches your transaction before it falls through due to rapid price changes. π
Why does this matter? Well, if your transaction fails, you miss the chance to buy in early or sell at peak profitability. π
Personally, I dial my slippage up to 49% to bulletproof my trades against any chance of cancellation. π₯
To stay on the safe side, stick with a slippage of at least 20%, or use the autoslippage feature provided by some DEXs for a worry-free experience. β
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