To minimize slippage, traders use various strategies, such as:

1. *Limit orders*: Setting a specific price for execution, ensuring the trade is executed at the desired price or better.

2. *Stop-loss orders*: Automatically executing a trade when a certain price is reached, limiting potential losses.

3. *Algorithmic trading*: Using automated strategies to optimize execution, such as:

- *Iceberg orders*: Breaking large orders into smaller, less visible pieces.

- *Slice orders*: Executing large orders in smaller slices.

- *Pegged orders*: Executing orders at a fixed price relative to the market price.

4. *Liquidity provision*: Working with market makers and liquidity providers to access better prices and reduce market impact.

5. *Order fragmentation*: Breaking large orders into smaller pieces to minimize market impact.

6. *Price averaging*: Executing orders at multiple price points to reduce the impact of price movement.

7. *Trade timing*: Executing trades during periods of high liquidity or low volatility.

8. *Market orders with price limits*: Executing trades at the best available price, but with a maximum or minimum price limit.

9. *Dark pool trading*: Executing trades anonymously in a private exchange, reducing market impact.

10. *High-frequency trading*: Using advanced algorithms and high-speed execution to minimize slippage.

By implementing these strategies, traders can reduce the impact of slippage and achieve better execution prices.