Glossary: slippage š
Slippage is the gap between the price you clicked and the price you actually got.
Example: you market-buy a small coin at 1.00 USDT. The order book is thin, so your order eats through several sell orders and fills at an average of 1.03. That 3% is slippage.
When it bites hardest:
ā¢ low-liquidity coins
ā¢ big market orders
ā¢ fast moves right after news
How to keep it small:
ā¢ use limit orders instead of market orders
ā¢ split a big order into a few smaller ones
ā¢ check order book depth before you hit buy
Ever been hit by slippage on a trade? How bad was it? š
#cryptotrading #tradingtips #crypto #Binance
Slippage is the gap between the price you clicked and the price you actually got.
Example: you market-buy a small coin at 1.00 USDT. The order book is thin, so your order eats through several sell orders and fills at an average of 1.03. That 3% is slippage.
When it bites hardest:
ā¢ low-liquidity coins
ā¢ big market orders
ā¢ fast moves right after news
How to keep it small:
ā¢ use limit orders instead of market orders
ā¢ split a big order into a few smaller ones
ā¢ check order book depth before you hit buy
Ever been hit by slippage on a trade? How bad was it? š
#cryptotrading #tradingtips #crypto #Binance