In under three month’s time, a Covesting strategy manager showing unrivaled skills through the platform’s fully transparent global leaderboard system has done the unthinkable and made 30,000% profits and a fortune for their followers.
With the ability to respond to anything markets throw their way – uptrend, downtrend, or volatility – this Covesting trader has proven themselves in the face of all types of significant situations which we’ll recap as part of this top trader spotlight.
How Traders Are Making Life-Changing Money
When margin trading cryptocurrency, you’re typically playing with leverage. So, while risks are higher because stakes are increased, the potential outcome of any profitable positions can be amplified one-hundred-fold. Traders can lose their capital in a matter of a few trades, which is why so many traders at the top inevitably fall out of it. Remember, what goes up must come down.
However, when these strategy managers are up, they are so much up that they can often make life-changing wealth in a short amount of time. Not just for themselves, either. They also make a fortune for their followers, who have dedicated a portion of their capital toward following and copying their trades.
Examples of this involve one trader earning millions for their followers in just over a month, and another who turned six figures into $8 million in a matter of days.
Such scenarios are possible only through the Covesting copy trading module, which connects top strategy managers on the Covesting leaderboards with followers eager to turn a profit from markets, but without the time or skills to do so. Instead of risking their capital on themselves and losing, they can put money behind a strategy manager who regularly shows success.
Both followers and strategy managers can further enhance earning through COV token staking and unlocking the benefits each activated membership level provides. Benefits include trading fee discounts, and an increase in profit share, among others. All benefits are geared toward putting more profits back in the trader’s pockets.
Spotlight On A 30,000% Total Profit Trader
Now to the real focal point of this story: the current top trader sitting pretty with more than 30,000% in total profits to show for it. Moreover, this trader managed to hold onto such gains no matter the market conditions which we’ll walk you through next.
Notice that the profits remained flat most of July, as this smart money strategy manager started taking positions, potentially in Bitcoin or Ethereum at the recent lows, and waited patiently for a breakout. With a clear breakout and reversal, profits began to pile up. This trader managed to then trade the sideways price action with tact and skill, keeping profits growing while others sat on their hands.
This strategy manager somehow was also able to preserve their total profits even despite a massive market downturn just as Bitcoin became legal tender in El Salvador. On a day that was supposed to be remembered for a Bitcoin dream coming to fruition, it will instead be looked back at as a nightmarish day for newcomers, who almost immediately saw 10 to 20% of the price per BTC fall.
How fast it fell also was remarkable. It only took a few hours to shed almost $10,000 per coin. Ethereum fell just as hard with more than $1,000 wiped out in a near instant. However, both assets have already recovered significantly and are attempting to hold above support.
How The Top Trader Has Remained Profitable
The top trader on Covesting either caught a hedge short at the right time and protected their positions, or they booked profits on longs and kept stop losses at levels that weren’t impacted by the violent drop.
If the above sounds like too advanced a strategy, it also makes the best case as to why Covesting is so valuable to the trading community at large. For traders that can’t quite handle conditions like what was experienced recently, they can instead follow strategy managers how can via the Covesting copy trading module. Traders that did survive and even thrive during the madness, should opt to become a strategy manager themselves and earn a cut from followers’ capital.
More than 400 strategy managers are listed for followers to put capital behind. Not everyone has as much as 30,000% total profits to show for it, but these skilled strategy managers who regularly show success via a fully transparent leaderboard system have the experience necessary to survive anything markets can throw their way.
Not only can they survive, but they can come out the other side in enormous profit. Such technical and trading prowess can take decades to develop, but followers can tap into this with just a click or two with Covesting.
Why Try Covesting Copy Trading On PrimeXBT?
The Covesting copy trading module is available exclusively at PrimeXBT as part of an ongoing white-label licensing agreement. This partnership will also lead to the debut of Covesting Yield Accounts, which generate passive income and a variable APY as high as 35%. It is just the latest development in the Covesting ecosystem, which can be found via the PrimeXBT dashboard.
PrimeXBT itself is an award-winning trading platform offering margin accounts based in BTC, ETH, USDT, and USDC. Margin accounts can be opened with no minimum deposit, and used to trade CFDs on more than 50 different trading instruments. The variety of assets, which includes forex, crypto, stock indices, commodities, metals, and more, makes it a one-stop shop for traders.
All tools such as leverage, long and short positions, stop loss orders, technical analysis software and so much more are also available to strategy managers at Covesting to help them keep their total profits growing, and their ranks in the leaderboards high. The rest is up to them, and their years of expertise. If they are able to profit, followers will come. And at 30,000% like the trader in this spotlight, such profits are undeniable and worth the follow.
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