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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Do you still have any questions? Feel free to reach out to me @PumpingPeter
| 2 |  🔍 Understanding Slippage & Why We Advocate for 20%+ 🚀
Slippage is the flexibility you allow for a coin's price during your transaction's execution.
During pumps, prices soar in a blink—hence, the need for higher slippage settings. 🎢
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. 🛒
Why does this matter? Well, if your transaction fails, you miss the chance to buy in early or sell at peak profitability. 📈
Personally, I dial my slippage up to 49% to bulletproof my trades against any chance of cancellation. 💥
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. ✅ | 7 323 |
