Covesting Copy Trading: July 2022 Monthly Trader’s Report

August 8, 2022
Reading Time: 5 min
Covesting Copy Trading: July 2022 Monthly Trader’s Report - photo 2022 08 08 12.12.29

We are back with the second installment of our monthly reports on the top-ranked Covesting strategy managers on PrimeXBT. The monthly trader’s report is designed to provide potential followers with the deepest insights into the best performing strategies the platform has to offer. 

Each month, we highlight a new set of traders based solely on performance. This month, we are focusing on the top performing traders in the month of July 2022. Here is a closer look at this month’s performance across a variety of metrics.

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. 

The Covesting leaderboards on PrimeXBT in July were filled with extremely profitable traders, in terms of all-time profits. The top trader for the month was none other than Citadel Two, clocking in more than 2,300% returns. To put this feat into perspective, that is more ROI than the last 30 years of the S&P 500 combined.

In second place is Boston Dyne, right behind Citadel Two with just under 2250% returns. Although Boston Dyne has been around slightly more than a month, the trader earned their profits during the past month alone.

In third, is a familiar name with Bitenergy. The trader is a veteran of the community with more than 440 days active and a staggering more than 1000 followers. Bitenergy boasts more than 1144% in total profits, despite struggling a bit during July.

Next, in fourth place is Wazzzz with 987% returns for the month. In fifth place for all-time profits is Blitzkrieg Fund with a shocking 611% returns logged in the all-time profit and monthly profit column.

Strategy Name
All-time Profit
Monthly Profit
Active Days
Followers' Equity
Followers
Stars
Citadel Two
2302.22%
2302.22%
22
0.76 BTC
34
2
Boston Dyne
2248.87%
2248.87%
34
0.45 BTC
34
3
Bitenergy
1144.36%
-32.14%
440
10.23 BTC
1019
3
Wazzzz
987.33%
237.20%
38
3.1 ETH
12
3
Blitzkrieg Fund
611.39%
611.39%
8
0 ETH
0
0

Monthly Profit

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

The monthly profit list is led by Boston Dyne, who is ranked in second in terms of all-time profits. With the trader making their debut in June, all of their earnings began to pile up starting in July. 

In second place for July monthly profits, is a strategy named BONHEUR TO USDT with 315% returns and is ripe for following. Wazzzz, who also ranked in the top five in terms of all-time profits, did so thanks to 257% returns generated in July alone.

BONHEUR TO BTC ranked in fourth with 252% returns, and Waz has 245% returns to rank in fifth place. The month was clearly challenging for all traders, but the top trader had nearly ten times the performance of others in the top five. Will the hot streak continue for Boston Dyne?

Strategy Name
All-time Profit
Monthly Profit
Active Days
Followers' Equity
Followers
Stars
Boston Dyne
2248.87%
2248.87%
34
0.452 BTC
34
3
BONHEUR TO USDT
-13.48%
315.89%
42
0 USDT
0
0
Wazzz
987.04%
257.52%
38
2168.50 USDC
7
3
BONHEUR TO BTC
-86.72%
252.57%
43
0 USDT
0
0
Waz
957.42%
245.39%
38
0.22 BTC
41
3

Monthly Profit Among Newcomers (less than 30 days)

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

The list of monthly profits among newcomers signing up within the last 30 days really shows incredible promise in the latest brood of traders. Citadel Two, who came out swinging hard enough to take the top spot in all-time profits, easily topped the list of monthly profit among newcomers with more than 2,300% returns.

Blitzkrieg Fund, who made it into the top five along with Citadel Two, ranked in second for newcomers in terms of monthly profits for July with 599% returns. Tomato Kun came in third with 439% returns, while SunriseTrading1 and Get are neck and neck at fourth and fifth place with 166% and 164% returns, respectively. 

With such high returns right out of the gate, these traders will be worth keeping a close eye on. Which traders will hold onto their gains, and which will fall out of the top five?

Strategy Name
All-time Profit
Monthly Profit
Active Days
Followers' Equity
Followers
Stars
Citadel Two
2302.22%
2302.22%
22
0.764 BTC
34
2
Blitzkrieg Fund
599.76%
599.76%
8
0 ETH
0
0
Tomato Kun
439.19%
439.19%
12
0.026 BTC
7
3
SunriseTrading1
166.22%
166.22%
22
0.028 ETH
1
2
Get
164.99%
164.99%
22
0.378 BTC
22
4

Maximum Win Ratio

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

Making money is important, which is why the most weight is given to total profits in the Covesting leaderboards. However, growing your capital is also about how much profit you keep. Traders with a high win ratio are known as the safest and most reliable, very rarely making a losing trade.

For example, four traders managed to close 100% of their trades made in July in profit, for a flawless win ratio. Even the fifth place trader came in with a 98.90% win ratio. 

The top trader in the win ratio category is hustlehard with 100% out of 11 orders and 80% monthly profits. Salah2014XBTC has a whopping 144 trades and still managed a 100% win ratio and a 51% return for July. 

Delivrance also had a 100% win ratio across 30 trades and 29% monthly returns in July. Strategy manager Trend your Way had a 100% win ratio for July, but still was in the negative by 34% in both monthly and all-time returns. How is this possible, you ask? We count only closed trades towards win-ratio. However, all trades including open positions are included in monthly and all-time profit calculations. 

Last but not least is user BTCSlowButSure, who is living up to their name with 98.90% of their trades being a sure thing.

Strategy Name
Win Ratio
# of Orders
Monthly Profit
All-time Profit
Active Days
Followers' Equity
hustlehard
100.00%
11
80.11%
80.11%
21
0 USDC
Salah2014XBTC
100.00%
144
51.05%
51.05%
7
0.045 BTC
Delivrance
100.00%
30
29.09%
29.09%
7
0.00098 BTC
Trend your Way
100.00%
13
-34.04%
-34.42%
205
0 BTC
BTCSlowButSure
98.90%
91
6.51%
6.51%
15
0.0032 BTC

July 2022 PrimeXBT Covesting Summary

The month of July brought about many newcomers off to a great start, with strong gains and a high win ratio across many familiar top traders as well. The Covesting leaderboards continue to grow and the fierce competition brings out the very best in the global trading community – something followers can readily use to their advantage.

With a highly volatile second-half of the year under way, there are bound to be plenty of changes to the Covesting global leaderboards. Stay tuned to the official PrimeXBT blog to see the results of next month and find out who the top traders of August end up being. 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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