> For the complete documentation index, see [llms.txt](https://docs.pocketprotector.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.pocketprotector.xyz/general/slippage-settings.md). # Slippage Settings ## What is Slippage? Slippage is a mismatch between the intended and actual price a trader pays for an asset. It’s either positive or negative, depending on the closing price. During "positive slippage," the trader either spends less to buy or receives more to sell a coin. In "negative slippage," the trader pays more to buy or receives less to sell. You can learn moe about Slippage [here.](https://www.dydx.xyz/crypto-learning/what-is-slippage-in-crypto) ## Manage your slippage settings * Run the `/tradingsettings` command * Select "Trading Mode" * There are 4 slippage modes: * DEGEN: always land txns as much as possible regardless of slippage (slippage can be as high as 25%) * OPTIMIZED: our balanced algorithm for optimizing price vs. slippage (max slippage is 15%, but attempts to get the best price) * STRICT: drop transactions if slippage is too high (max slippage is 5%) * SUPER STRICT: slippage is max 1% for every txn * We also have MANUAL MODE. If Manual Mode is ON we confirm price impact on every trade before executing.