Looking back at where I started vs where I’m ending, I can say I've enjoyed this year very much, I've learned so much this year and that is my biggest gain. My result of this year will close around +𝟴𝟬% 🟢, making it my second best year on eToro! However its unfortunate to say that I've seen +150% just a couple of months ago, which still hurts today. Over the last 2 months my portfolio has taken a serious hit, but fortunately this month we've gained some stability. With the holidays I expect reduced volatility in the market and thus don't expect this to change significantly over the next few weeks. This year I've learned a lot, by studying but also by doing. 🔴 $LAZRQ was the loser of the year, and with a loss of -48.75% it was a painful one, but I'm happy that I cut the loss at $1.3 as today its trading at $0.15. 🟢 $QBTS was my biggest winner this year, with an average of +45% over 11 trades, you could also say that this was a loser as I've missed another 150% upwards potential, but I need to stick to my strategy and I don't understand the potential of quantum computing just yet. 🔵Over the last month I have been looking at my past performance, to better understand where I make the best trades and my conclusion is that I make the best trades in volatile markets, but my problem is that I need to know when to exit the market before it dry's up. 🔵 This year I've closed 186 individual positions with a win rate of 79%, that includes a large amount of crypto staking positions, but still 65% in stock trades. 🔜 𝗠𝘆 𝗽𝗹𝗮𝗻 𝗳𝗼𝗿 𝟮𝟬𝟮𝟲 In 2026 I will have to start with recovering some flexibility and freeing up some cash so that we can restart the swing trading activities as those are time sensitive. I will work towards the following portfolio balance: - 30% in ETF's, target: 10% per year growth - 40% in multi-year trades (NIO/XYZ/...), target: 25% per year growth - 30% for short-term swing trades, target: +25% per year growth I will be cautious throughout the year, I'm still worried about the time my current positions will be stuck. Currently +70% is spread over NIO/XYZ/SP500 which is fine as they are all multi-year plays and contribute to 70% of my new portfolio balance, but as I mentioned my biggest gains come from my swing trades throughout market volatility and currently I can't say I'm 100% in control as I don't have sufficient (any?) cash on balance. 🏠 On the topic of an off-eToro investment: I'm currently contemplating with the idea to sell 1 of my rental houses and adding it to my eToro portfolio. Statistically rental houses only bring 3%-5% yearly, but its considered a low risk investment as it will always pay of in the long run and while I understand the theory, I no longer want the burden of maintenance, chasing the rent payments, increased risk of bad renters, going to court for whatever, ... I also see it as a way to spread my risk as currently 90% of my total net worth is in real estate. (Read: what in case of a war in Europe?) 🖥️ Over the last month I've been working on an application that integrates all my eToro trades, giving me a detailed overview of all my passed trades, my open trades, ... Via this application I hope to give additional insights/transparency in my strategy and trades, provide access to additional data about the stocks, allowing me (and you) to lookup the data that is relevant for my trading strategy on a single platform without having to go through multiple applications and websites... I'm close to launching my first version, with some luck the static version still in 2025. 📖Oh and I'm still looking for the time to study for my CISI L3 certificate in wealth & investment management.

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LAZRQQBTS

Last Sunday I had my graduation event of my investment advisor course, and one of my fellow graduates asked me to take a look at Ferrari. I figured I’d share the same thoughts here. When you check Ferrari’s fundamentals, you get a company that stands out. The margins are outstanding for what’s technically a car manufacturer. Growth is solid, even if it’s slowing a bit. The balance sheet looks healthy. Yes, the stock trades at a premium, though compared with its own history that premium isn’t extreme. Put Ferrari next to other car brands and the valuation looks sky-high, but that comparison isn’t very fair. Take gross margin as an example: Ferrari sits close to 50%, while a strong car company typically sits around 15%. That alone shows Ferrari plays a different game. It behaves more like a luxury brand, and those often run margins above 60%. Even when you compare Ferrari with luxury peers, the stock still trades at a premium, though one that makes sense given the brand’s strength. My personal range would be $320–$350. The chart hints at resistance around $355. But regardless from the fundamentals and maybe more important is the future of the car industry. Ferrari isn’t just selling transportation. It sells sound, emotion, drama. Fuel consumption has never been a selling point. The smell and roar of a V12 is part of the product. That’s where I see the biggest long-term risk. By 2030, Europe’s regulatory pressure, the EV push, and the need to adapt could reshape everything. When I picture a Ferrari, it’s not a quiet red EV. It’s a machine with a screaming combustion engine. That’s why I’m not drawn to Rimac, yet I’m completely in love with the $P911.DE 911 GT3. Emotion matters with brands like Ferrari. So will I add $RACE to my portfolio? Not right now, but I’d reconsider if the price drops below my range or if Ferrari releases a clear plan showing how they’ll keep their core buyers excited while meeting upcoming regulations. 𝘊𝘰𝘱𝘺 𝘛𝘳𝘢𝘥𝘪𝘯𝘨 𝘪𝘴 𝘯𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦 | 𝘊𝘢𝘱𝘪𝘵𝘢𝘭 𝘢𝘵 𝘳𝘪𝘴𝘬 | 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴.

RACEP911.DE

If we approve it, the company gets room to raise more capital later, but we face dilution. If we reject it, funding becomes harder and we need to remember that it's not a profitable company yet. This vote is basically about how we want the company financed over the next few years. Worth taking a moment to think about what’s best for us as shareholders. NuScale’s cash balance is still strong, giving them time to keep developing the business, but they continue to burn a significant amount each quarter. A company in a pre-commercial stage needs ongoing investment, so adding liquidity might be necessary if we want them to reach the next milestones. I’m voting in favor, even if that means dilution in the near future. Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results.

SMR

NIO reported the Q3 results today. The report shows the company is growing well and moving closer to profitability. The Highlights 🟢 • Record Sales: NIO delivered +87000 vehicles in Q3. • This is up 41% from last year. • Higher Margins: Gross margin hit 13.9%. • They are making more profit on every car. • Losses Down: Net loss dropped by 38%. • Cost controls are working. • Big Forecast: NIO expects to deliver around 120,000 cars next quarter. My View 💡 NIO is executing its plan. The production volumes and margins are climbing. The growth story looks very strong. Analysts wanted more, like always, but I never expected profitability to come in 2025. Current stock price is a bargain 3 years from now. Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results.

NIO

The portfolio has taken a hit these past weeks. I’ve been through swings like this several times in the last five years, but seeing a drop of around $30,000 never feels great. Even with that, my portfolio is still sitting at a gain of more than 100% year-over-year. I want to give you clear insight into what’s happening. Some of you are looking at negative results between 10% and 25%. I know that’s tough. I’m reaching out because it matters to me that you understand what I’m doing next. I’ve been looking at some options: – trimming positions and shifting into calmer assets – closing everything and waiting on the sidelines – adding more funds to ride the drop I’m not taking any of those routes. The companies in my portfolio are still growing revenue, still delivering, and still match my long-term view. They carry higher risk, so they move more during market stress, but the underlying stories remain strong. Trying to jump in and out now would create more damage than it avoids. I’m not going to chase perfect timing. I’m holding my positions, even if the market takes another leg down. That’s the honest approach behind my strategy, and I want you to know it before it happens. If you choose to stay with me during this period, I appreciate the trust. If you feel you need to step out, I understand. Everyone has a different comfort level, and there’s no judgment either way. Regards, Dirk Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results.

On a more serious note: Every red day that I don't have a lot of cash frustrates me, my plan to get 10%-20% before the year's end was exactly for a scenario like this, but I guess too little too late... Because of that my portfolio is less flexible and I'm unable to make a lot of short term trades, missing gains as a result. In the future I'll incorporate a mechanism that builds up cash along the road, parking 1% cash for every 10% gain, so that I can use 1% for every 10% the market drops. On the other hand, we've had several earnings reports this week and maybe not all of them beat the expectation of analysts, but I am at least sold on keeping: $XYZ , $OUST and $SMR for a longer term. Therefor I've removed my stoploss on $XYZ , it's likely we'll see a drop on that stock price for the short term. If you have any questions, let me know!

XYZOUSTSMR

Today’s one of those days I wish I was holding more cash. Several alerts went off on companies I’d like to add, finally showing some discounts. I don’t know what to make of today’s news. Yes, a correction is due, but this isn’t it, so I’m calling bullshit. The hypocrisy in some of these articles is just sad. Instead of fearmongering, why don’t they adjust their target prices by 10–20%? What worries me more is a possible Bitcoin correction and its ripple effect on the stock market. Typically, money flows from one asset class to another, but lately, it feels like crypto and stocks are moving more and more in sync. Question for you, are you spending money on AI, if yes how much? FYI, I'm personally spending about 500€/year on AI subscriptions, that is excluding the copilot licenses the corporation I'm working for are providing additionally.

And we did so with a respectable 🟩+𝟮,𝟰𝟴% increase, the green streak continues. 🔴 𝘛𝘩𝘦 𝗕𝗔𝗗 𝘰𝘧 𝘖𝘤𝘵𝘰𝘣𝘦𝘳. I'll start with the bad news, unfortunately this result is not inline with my expectations. On Friday we received horrible news about $LAZRQ , ruining the results of the month, as I expected an increase of 5% - 10%. I was waiting for the Q3 results, but the news that came out is so bad that I'll cut my losses next week. Basically the company is unable to meet their responsibilities when it comes to paying of their debt and although I was expecting a share dilution later this year to cover for this, this news comes earlier than I expected and in a worse way. Together with that it was communicated that the CFO will step down and that the agreements with Volvo have gone sour. The lidar of Luminar was the first and only lidar I've seen in person with the Volvo EX90 and ES90. I'm a strong believer in lidar technology, it still is a technology that is facing a lot of technical and regulatory difficulties when it comes to embedding it in cars for autonomous driving. The loss that I'm taking is about 2 months of my salary to put it in perspective, this drawdown caused a portfolio loss of 5% to 7%, by selling I'm protecting myself and avoid the probability of losing even more. The loss for your copy position is likely a bit smaller as my average share cost me $2,54. 🟢 𝘛𝘩𝘦 𝗚𝗢𝗢𝗗 𝘰𝘧 𝘖𝘤𝘵𝘰𝘣𝘦𝘳. As I already mentioned in a previous post, during October the portfolio rebalanced itself where the smaller positions did great and our biggest position $NIO did less. So how is this good? NIO is doing great as a company, their production has been ramping up, the demand is currently exceeding their production capacity and there hasn't been any significant negative news for a while. I'm a bit skeptical about the company becoming profitable in 2025, but I'm sure confident it will if it keeps the momentum going in 2026. As always, if you have any questions, don't hesitate to ask! 𝘊𝘰𝘱𝘺 𝘛𝘳𝘢𝘥𝘪𝘯𝘨 𝘪𝘴 𝘯𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦 | 𝘊𝘢𝘱𝘪𝘵𝘢𝘭 𝘢𝘵 𝘳𝘪𝘴𝘬 | 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴.

LAZRQNIO

I’ve just returned from a 3-day trip to Cyprus for eToro's Popular Investor (PI) Summit, and I'm left feeling inspired, amazed, motivated, and pleasantly exhausted. It was an incredible experience from start to finish. I had the opportunity to connect with 200 other Popular Investors, where we shared experiences, opinions, investment strategies, and a few drinks (perhaps one too many 😉). The agenda was packed with energizing presentations, workshops, and discussions that will leave a lasting impression. I was particularly astonished by the presentations on AI. The sheer volume of opportunities it's creating is staggering. We saw presentations by several PIs who had built applications on top of eToro's API using Base44, many with little to no coding experience. As someone with a background in software engineering, I can say the results were nothing short of impressive. I was also surprised to see a fellow Belgian ( @TimothyAssi ) presenting one of these apps and am excited for the opportunities these kinds of applications will bring. Another standout was the "Shark Tank"-style session where seven Popular Investors pitched their strategies to a jury of experts. I was struck by the diversity, all seven strategies were completely different. None were right or wrong, but all were achieving results that many institutional investors can only dream of, proving that skilled retail and Popular Investors are a powerful force for the future! Finally, I was deeply inspired by the @eToroTeam and eToro's CEO @YoniAssia . The positivity, passion, and excitement they radiated was contagious! It’s been a while since I’ve felt that kind of energy, this empowers me to learn more, push harder, and step beyond my comfort zone. Thank you, eToro, for hosting such a phenomenal event. I'm honored to be part of this community, excited for the future of the platform, and can't wait for next year's @popularinvestors Summit! A special thanks as well to all the fellow Popular Investors for making the experience so incredibly fun and insightful. @AleixRG @Tom1313 @Cheetah26 @LONGPROFIT4U @AndresChocron @Sergius95 @JFKinvestor @KTrader6868 @hjouinsse And anyone else i forgot to scan...

As I’d like to better understand my audience, I’m curious to hear what your expectations are for yearly results. 👉 Please vote for what you expect should be our target! I’m currently in the process of defining my long-term portfolio strategy. Specifically, I’m reflecting on how to improve consistency and reduce risk. Over the past five years, my portfolio achieved an average annualized return of +75%, with the negative results of the 2022 bear market. It would be great to keep that pace, but to make it sustainable, I need to take action and fine-tune my approach. There’s no single “right” strategy in investing. A strategy is personal, it evolves with your goals, your situation, your stage in life, and even your personality. For one person, “risk” means putting everything on red. For another, it might be buying a volatile growth stock or even holding a single ETF. That’s the beauty (and challenge) of defining your own strategy: deciding what level of volatility you can live with, and how to balance long-term conviction with short-term opportunities. With investing, it’s not only important to know when to enter a position, but also when to exit. A common mistake investors make is getting married to a stock and holding on too long and watching profits vanish. For my short-term positions, I aim to close trades within <1 year, using volume, trend, resistance, and volatility to determine my exit target at the moment of entry. Remember that the duration of a position matters when investing: with the same capital, two successful trades of 12% per year can already outperform many benchmarks. Profit isn’t just about being in the green, it’s about beating the market. If a position returns <15% yearly, it’s effectively a losing trade compared to a simple S&P 500 or world ETF. I believe that this mindset is the reason of my past success. The downside of this mindset is the lack of long-term positions, which should be the pillars of stability in my portfolio. For the future I aim for stocks with sustainable growth around 20% annually, ideally in sectors with strong fundamentals and compounding potential. While short-term trades can create bursts of profit and liquidity, long-term holdings offer the advantage of compound returns, lower trading costs, and tax efficiency. The key is finding the right balance between the two, using short-term trades to stay agile, and long-term investments to build lasting value. But of course, the more stability, the lower the returns. So I’m curious what would you consider a healthy yearly target for our portfolio? Vote below and share your thoughts, I’d love to hear your perspective. 𝘊𝘰𝘱𝘺 𝘛𝘳𝘢𝘥𝘪𝘯𝘨 𝘪𝘴 𝘯𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦 | 𝘊𝘢𝘱𝘪𝘵𝘢𝘭 𝘢𝘵 𝘳𝘪𝘴𝘬 | 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴. $SPX500 $SWDA.L

SPX500SWDA.L