3,700% ROI: Top 5 Strategy Spotlight And Covesting February In Review
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The turbulence created by possible Fed rate hikes throughout 2022 is now a long-forgotten afterthought. Even COVID is recently taking a back seat to war. The escalation between Russia and Ukraine has made markets more volatile than ever before. Yet somehow, despite what a rollercoaster nearly every asset class has been since the global economic shakeup, a Covesting copy trading module strategy manager has not only survived, they have excelled with a staggering 3,700% ROI.
How did they manage to pull off such a feat while markets went haywire? Which traders topped the ranks? We take a look at fully transparent metrics from the global Covesting leaderboards break it all down in the February Covesting month in review. Check it out below.
February Top 5 Covesting Strategy Spotlight
The top 5 Covesting copy trading module strategy manager list during the month of February is currently dominated by some relative newcomers and some familiar names.
Coming in at number five is 7goners, who, when looking at the data, has been around the ranks for the most prolonged period of time. Given their experience in markets the last several months, it’s no surprise to see a sizable 930% ROI. Second-month rookie strategy HelicaSys ranked in fourth with 1,161% ROI. What’s even more spectacular of a feat is the fact they have done this in less than 40 days after launching their strategy. Beginning a career as a strategy manager is easy with the Covesting copy trading module on PrimeXBT and regularly attracts new users.
Self-proclaimed “pro” trader BitPros is living up to their strategy name with resounding success. The trader has 1,294% ROI to show for their efforts and has ranked in third for February. Coming in second is Dean s Notes, who clearly other traders — strategy managers and followers alike — need take note of. Both Dean s Notes and BitPros are neck and neck in terms of total days active, with slight seniority going to the second-ranked trader who also has 3,011% ROI to boast.
Finally, the top spot for the month of February is a trader going by the name of Fractalz. The term fractal references a repeating pattern or sequence. More particularly, it speaks of a pattern that repeats in the price charts of assets at different time intervals.
Fractalz Finishes February With More Than 3700% Profits
Although that’s the definition of a fractal, is it possible for Fractalz to keep repeating such fantastic success? Fractalz came in at number one for the month in the Covesting leaderboards with a massive 3,775% ROI. This trader is a relative newcomer who shot up the ranks like other superstar strategies from past months. Because the trader is relatively new with only 52 days active, only time will tell if they’ll live up to their strategy name with a repeat performance, month after month.
Digging deeper at the fully transparent leaderboard metrics, it isn’t as straightforward as usual as to what asset the trader might have taken a position in, given the recent volatility. The trader could have shorted the stock market or gone long crude oil or Bitcoin during its current recovery. Covesting traders get access to the full suite of PrimeXBT trading tools which includes margin trading with leverage on crypto, forex, commodities, and stock indices. More than 100 trading instruments are at the disposal of Covesting strategy managers along with built-in technical analysis software, stop-loss orders, take profit orders, and much more.
February Rewind: What Went Down In Markets
The short month of February was eventful, making for a real nail-biter in the leaderboards. Positions and ranks changed several times during the month, but when the dust settled, the top 5 traders above were the victors. Although they came out on top, it was their followers who perhaps benefited the most by copying their traders. Followers would have themselves made anywhere between 930% and 3775% ROI.
It’s worth noting that the highest profits were located in the BTC section of Covesting strategies. However, it was a tight race across ETH, USDT, USDC, and COV strategies. COV-denominated strategies have been a new addition over the last month and will become even more competitive as users seek to take advantage of using the COV utility token over other account collateral options. The COV utility token is also the key to unlocking even more profit potential from the Covesting copy trading module. Locking up COV tokens activates three membership tiers: Advanced, Premium, and Elite. Each tier offers an increasingly more favorable profit share, reduced trading fees, and many other attributes.
March Madness Is Coming: Survive With Covesting
The month of March promises even more of the recent volatility which can be both a blessing and a curse. Most investors and traders have been suffering max pain during the opening of 2022. However, as these strategy managers have shown, this environment can be highly profitable in the right hands. For those that do not quite know how to navigate these shark- and whale-filled waters, becoming a Covesting follower means you can still access ROI like the above — but only using the Covesting copy trading platform on PrimeXBT. How will next month turn out?
