Price slippage is a situation on the exchange in which a stop order is executed at a price worse than the one specified in the terms of the order; in other words, the order is executed at a less favorable price than the trader had planned.
Slippage inevitably happens in any volatile market and especially during periods of sharp price fluctuations (for example, at the time of the release of long-awaited important news), when there are a lot of participants making transactions, and the risk of not being able to get an asset at the desired price increases significantly.
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