Covesting Copy Trading: August 2022 Monthly Trader’s Report

September 7, 2022
Reading Time: 4 min
Covesting Copy Trading: August 2022 Monthly Trader’s Report - IMG 2629

We are once again back with the third installment of our detailed monthly reports on the top-ranked Covesting strategy managers on PrimeXBT. The monthly trader’s report provides potential followers with valuable in-depth insights into the most successful strategies across a variety of performance factors.

Every month, we put the spotlight on a new set of traders based on some of the most important metrics followers should be paying attention to in terms of profitability and safety. 

Here is a closer look at August’s performance.

Note: The Monthly Trader’s Report is only a statistical display of data and should NOT be considered investment advice. Please exercise caution, and do not trade beyond your limits when deciding how much risk to take on.

Total Profits 

The PrimeXBT team collects the data of the most profitable strategies of all-time. 

Many familiar faces have yet again placed within the top five in all-time profit terms. Interestingly, all of the best strategy managers had a relatively slow month compared to past and overall performance. However, all of the most profitable traders in all-time profits show a positive monthly return, proving that consistency and risk management is more important than always having huge winners.

In first place overall, is Citadel Two with over 4,000% ROI. They also still managed to have a fairly successful month with more than 70% ROI. In only 51 days active, these statistics are nothing short of amazing.

Blitzkrieg Fund is also back with 1259.53% ROI, in which they added 91.11% during the month of August. Both Citadel Two and Blitzkrieg Fund also have a full five-star rating demonstrating remarkable skill and safety.

Waz is hot on their tails in third place with 1177% ROI. In fourth place is a veteran Covesting trader, Bitenergy, with 946% ROI. The COV token-based strategy Time M is also back in our rankings with a 888% ROI.

Strategy Name
All-time Profit
Monthly Profit
Active Days
Followers' Equity
Followers
Stars
Citadel Two
4028.66%
71.87%
51
1.33 BTC
34
5
Blitzkrieg Fund
1259.53%
91.11%
37
21.62 ETH
0
5
Waz
1177.55%
17.47%
67
0.57 BTC
41
3
Bitenergy
946.72%
1.07%
469
8.85 BTC
1019
3
Time M
888.99%
1.00%
68
24261 COV
34
3

Monthly Profit

The PrimeXBT team collects the data of the most profitable strategies in August 2022 alone. 

At the top of the list of monthly profits is a much needed comeback by BFR. Even with 109% ROI for August, all-time profits remain in the negative at -79%. Another month like August and the trader will be back in the green overall.

Blitzkrieg Fund, who ranked second in all-time profits, also ranks second in monthly profits with 90% ROI. IntraDayStrat brought in 76% ROI for the month, lifting them out of the red and to 46% ROI in all-time profit.

Citadel Two who topped our list of all-time profits comes in at fourth place in monthly profits for the month of August. The trader brought in another 71% ROI to add to their staggering 4028% all-time ROI. RKCapital is right behind with 62% ROI, also pulling the trader out of the red in terms of all-time profits.

August was clearly the month for comebacks. Can September keep the profits piling up?

Strategy Name
All-time Profit
Monthly Profit
Active Days
Followers' Equity
Followers
Stars
BFR
-79.38%
109.00%
223
0.452 BTC
2
0
Blitzkrieg Fund
1256.63%
90.25%
38
21.32 ETH
79
5
IntraDayStrat
46.88%
76.51%
105
0.0295 BTC
5
4
Citadel Two
4028.66%
71.87%
52
0.56 BTC
141
5
RKCapital
49.13%
62.40%
33
0.20 BTC
4
4

Monthly Profit Among Newcomers (less than 30 days)

The Covesting team collects the data of the most profitable strategies created in August 2022. 

Many of the newcomers from last month are now in the top five of all-time profits and monthly profits for August. August also brought plenty of newcomers who posted serious ROI and showed incredible potential. 

SeniorQuantX was the most promising of the newcomers, with 965% profits in their debut month. They also made it to a five-star ranking already, and so did second-place strategy manager Grander, who had 458% in monthly ROI.

Dalio came in third with 368% ROI, while Scalp N0 1 and OG Profit came in fourth and fifth with just over 200% monthly profit for August. Scalp N0 1 and OG Profit have since closed their strategies despite the debut success.

Strategy Name
Monthly Profit
Active Days
Followers' Equity
Followers
Stars
SeniorQuantX
965.74
19
0.0586 BTC
18
3
Grander
458.16%
18
0.2756 BTC
36
3
Dalio
368.25
21
0.1602 BTC
13
4
Scalp N0 1
237.88%
1
11285 COV
7
0
OG Profit
228.06%
2
0.0053BTC
2
1

Maximum Win Ratio

The PrimeXBT team collects the data of the strategies filtered by maximum win ratio in August. Traders are listed in ascending order by win ratio.

Being profitable isn’t always about making the most money — it is about how much money you retain. To keep more money than you lose, the best traders have created robust risk management systems and regularly perform technical analysis to improve the probability of success.

The win ratio on Covesting looks at the percentage of trades closed in profit versus the trades closed at a loss. The traders on the list this month have all achieved an amazing 100% win ratio, essentially having a full month of perfect trades.

At the top of the list is Al Algorithm, who had 42% profits for August across 14 trades. DIPBUYER potentially lived up to their name with 33% monthly profits and 21 orders. In third is Carnage with 0.26% with 37 orders. In fourth is OMG Yeahhhh with -10.86% ROI for August and in fifth is ac btc and eth with -14.26% ROI. 

Remember, the win ratio only includes closed trades for August, while monthly and all-time profit data include active and open positions.

Strategy Name
Win Ratio
# of Orders
Monthly Profit
All-time Profit
Active Days
Followers' Equity
AI Algorithm
100.00%
14
42.74%
43.09%
16
0.0039 BTC
DIPBUYER
100.00%
21
33.55%
33.55%
14
0.0014 BTC
Carnage
100.00%
37
0.26%
3.78%
4
0.00021 BTC
OMG Yeahhhh
100.00%
43
-10.86%
35.81%
36
0.336 BTC
ac btc and eth
100.00%
14
-14.26%
-40.93%
133
0.0032 BTC

August 2022 PrimeXBT Covesting Summary

August begins the start of cooler months in the northern hemisphere, but the Covesting leaderboards are only getting hotter, even during the grips of crypto winter. 

Covesting traders can access traditional markets to stay profitable when crypto is trading sideways, or hedge crypto with uncorrelated assets like oil, gold, and forex currencies during a downtrend. When markets flip bullish again, these traders have the flexibility to be ready for anything. 

The Covesting copy trading module is available at PrimeXBT. What will next month bring in global markets and in the leaderboards? Click here to see last month’s results.

Risk Disclaimer
Investing in or trading gold or other metals can be risky and lead to a complete loss of capital. This guide should not be considered investment advice, and investing in gold CFDs is done at your own risk.
The information provided does not constitute, in any way, a solicitation or inducement to buy or sell cryptocurrencies, derivatives, foreign exchange products, CFDs, securities, and similar products. Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of PrimeXBT. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and derivatives such as CFDs (Contracts for Difference), Non-Deliverable Bitcoin Settled Products and Short-Term Bitcoin Settled Contracts involve a high degree of risk. They require a good level of financial knowledge and experience. PrimeXBT recommends the consultation of a financial professional who would have a perfect knowledge of the financial and patrimonial situation of the recipient of this message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued.

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