Covesting Module Month In Review: November 2021
The month of November has been a volatile one, leading to new highs in both Bitcoin and top cryptocurrencies, as well as the stock market, but then almost immediately a shakeout. Now, the market is confused as to where things might turn next.
Regardless of the direction, Covesting copy traders enjoyed another successful month in November. With the proper tools to take full advantage of the recent volatility, while most of the market suffered losses, Covesting strategy managers instead were able to pull in a few thousand percent in gains. At the same time, their followers made a share of that good fortune.
Here is a closer look at the fully transparent Covesting global leaderboards, the current standings, and a spotlight on the top five traders of the month.
Recapping The Reasons Why Covesting Matters
To recap, the Covesting copy trading module is a massive peer-to-peer trading community with pages full of hundreds of strategy managers who have their trading performance tracked for the world to see. Followers can pick from the always growing list who to follow based on what the metrics in the leaderboards are saying.
There is also a five-star rating system that puts an extra spotlight on safety and skills, but as the top of the list has shown now and in the past, you can still rise to the top of the ranks of total profits without any stars at all.
Top Five Strategy Manager Spotlight
The current standings in the top five are led by a trader with more than 3,500% profits. The strategy manager by the name of Natilos currently is the reigning champion of the Covesting leaderboards, with an almost 2,200% lead over the next best contender, Kuiper. Both traders have been active around two months total, but already have so much profit to show for it.
BeastBTC has activated beast mode, with a 1,100% total profit and a third-place ranking. 7goners, who has bounced around the top five over recent weeks, holds on with just under 1,000% total profits. Rounding out the top five is Winning Traders, which is what the strategy manager’s followers could be referred to as, as well, having over 900% profits to roar about.
Top Ranked Trader Speculated To Have Shorted Bitcoin
Diving deeper into the top strategy manager’s performance, we can see that most of the returns have been made over the last 30 days or so. The performance really kicked into high gear around the second week into November, which suggests that the trader might have gone short on Bitcoin at the recent all-time highs.
Strategy managers don’t just have a keen eye for spotting reversals, but they have years of experience and the advanced trading tools offered by PrimeXBT at their disposal. Covesting copy trading is available exclusively at PrimeXBT, an award-winning margin trading platform. The platform offers everything from long and short positions, to built-in charting tools, and more than 50 different trading instruments all from a single account.
How Will The Year End For Covesting Copy Traders?
With the month of November about to close out, all eyes will be on December to see which Covesting trader is able to make the most money to close out the year. The Covesting yearly review will be one to remember, because the year recap will include stories of a Covesting trader who was able to make as much as 100,000% in total profits before booking their profits and retiring as a legend.
The Covesting copy trading module has since earned itself a reputation for minting a new generation of iconic traders. Anyone can become a strategy manager with a low starting deposit – do you have what it takes to be the next Covesting copy trader in the top five?