# 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.

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