What is this quote trying to tell us?

As always, this topic is aimed at anyone interested in trading. The rest just keep scrolling. Although after the last week with some extreme drawdowns, it may also be of interest to some B&H investors 😅

Source of the picture: YouTube Mind Math Money

What are my reflections from my trading journal?

For the TL;DR my conclusion first:

The optimal position size is not the one that mathematically promises the highest profit. It is the one at which you psychologically stable, disciplined and clear remain!

Because in the end, it's not the bravest trader who wins. It's the one who stays in the game long enough.

In the course of my trading posts, someone asked me last year: https://getqu.in/cbIOkg/

"If you have an 80% win rate, why don't you just increase your position sizes? Then you would earn a lot more!"

A legitimate question, it sounds logical. Mathematically even absolutely correct. Pretty much at the same time as this question, I also started to raise my upper limit from 10k per trading position to 15k and later 20k last year. It worked, but I didn't feel comfortable. Something has changed. I couldn't put my finger on it at the time, but I felt it: These 20k positions are doing something to me.

In Q4 2025, I then consistently went back to around 10k per position. My absolute profit in euros was no higher in the end, despite larger position sizes.

Today I stumbled across a YouTube video that describes exactly what I intuitively felt at the time. I can recommend it to anyone interested in trading!

The core message is simple, but extremely important:

Position size doesn't determine your profit, it determines your psyche.

The following happens above a certain size:

• You you lose the ability to think clearly ("the ability starts to disappear").
• You no longer trade the market, you trade your account.
• Discipline fades into the background.
• Trading becomes less of a probability game and more of a psychological psychological stress management.

Mark Douglas, whose book is also quoted in this video, sums it up perfectly:

"The market is a probability environment. Your brain is not designed to operate calmly when too much is at stake."

Link YouTube https://youtu.be/yWOviauHmT8?si=_AQpcXk5URZ2ZmbT

The matching book recommendation: "Trading in the Zone" by Mark Douglas

$IREN (+20,2 %)
$RDW
$ZETA (+12,13 %)
$AMZN (+3,61 %)
$MSFT (+1,81 %)

#trading

What a week. The community project has also been hit hard - even today's Green Friday couldn't save much.

But let's first take a look at the current status of the project Tenbagger der Zukunft of the project:

As a reminder, the project started with around €2,500, which was divided almost equally between the five titles in the portfolio.

Below are the five stocks selected by you for the project and their performance to date since 12.11.2025:

• Kraken Robotics +46% 📈 $PNG (+14,49 %)
• Since last week: -4% 📉
• Rocket Lab +35% 📈 $RKLB (+13,89 %)
• Since last week: -14% 📉
• Iris Energy -27% 📉 $IREN (+20,2 %)
• Since last week: -29% 📉
• SoFi Technologies -37% 📉 $SOFI (+11,67 %)
• Since last week: -13% 📉
• Hims & Hers -44% 📉 $HIMS (-6,34 %)
• Since last week: -23% 📉

Kraken has thus Rocket Lab from first place.

Since start:

Last 7 days:

Unfortunately, none of the stocks were able to end this week on a positive note either. The price of $IREN (+20,2 %) , which is attributable to the poor quarterly figures on Thursday.

_________________________

The beta value is: 2.18 (last week: 2.57)

The beta value (β) of a share measures its market volatility compared to the overall market: a beta of 1 means the share moves in sync with the market; a beta > 1 means it fluctuates more (e.g. at 1.5 it rises or falls by 1.5 % if the market rises/falls by 1 %); a beta < 1 shows less fluctuation, while a beta < 0 indicates an opposite movement to the market. It helps investors to assess the systematic risk (market risk) of a share.

_________________________

Due to the sometimes high volatility, the stocks are represented as follows

Kraken Robotics: 31% (+4% since last week)

Rocket Lab: 29% (no change since last week)

Iris Energy: 15% (-3% since last week)

SoFi Technologies: 13% (no change since last week)

Hims & Hers: 12% (no change since last week)

_________________________

Yield:

Since the start of the project:

The return on the portfolio is currently negative and is at -4,8% 📉, at the last update it was still at +4,7%📈.

The yield reached its lowest point on 21.11. at -17,7% 📉, the high on 16.01. with +23,7% 📈.

Since the beginning of the year:

_________________________

Below is the progress of the last ten days:

As always, I look forward to your thoughts! Have a nice weekend :)

I know that many people called me crazy yesterday when I bought additional derivatives on many of my shares during the big sell-off. I would like to say that apart from $IREN (+20,2 %) none of the stocks in my portfolio were in the red, only the profits were reduced. But I figured that after 3 days of selling off and some stocks being down 30-40%, there would at least have to be a countermovement. And of course it could have gone wrong. Even with all the purchases yesterday, I only went in with leverage of 5, which is rather modest by my standards.

Today I would like to give you a brief overview of how the trades have developed, even though the day is not yet over and there have often been sell-offs in the last hour of trading just before a weekend. I always write you the daily performance first and then my previous performance behind it, as I did not buy at the lowest price.

$TTE (+0,77 %) - 3% + 10%

$LMND (+8,3 %) +35% +18%

$INOD (+12,93 %) +42 % +31%

$ONDS (+23,2 %) +71 % + 41%

The bill on $IREN (+20,2 %) which was already from the day before yesterday, was stopped out shortly before 22:00 with TSL at +/- 0%. I bought a new one instead, but to be fair it is out of competition here. I bought it at the low yesterday and, like many here, it would have $IREN (+20,2 %) would have been knocked out by the start of trading. so far it is up 40%.

Dear Community,

The last few days and weeks have really hurt the (scared) rabbit again.

Some small share positions flew out in the stoploss, others became increasingly red to dark red.

Nevertheless, he bravely persevered and held on to his large positions.

Today, however, the rabbit was fed up with the fact that the purchase price was moving further and further away from the current price and pulled the ripcord...

... and bought more of the stocks he still firmly believes in! 😊

The following shares have been added:

$MSFT (+1,81 %) 2x at € 339.80

$IREN (+20,2 %) 17x at € 31.78

$ONDS (+23,2 %) 74x at € 7,35

$RKLB (+13,89 %) 9x at € 57,-

$KCR (+3,85 %) 6x at € 90.80

Have you also bought a little more or are you still waiting?

Greetings from the vacation🐰

André

P.S. In case some of you are wondering why I hardly read, comment and leave 👍🏼, I'm still on vacation until the beginning of next week. 🏔️🗻🏔️

$IREN (+20,2 %)

Sale 📉

$IREN (+20,2 %)
$NBIS (+25,32 %)
$NOVO B (+10,5 %)
$AMZN (+3,61 %)
$MSFT (+1,81 %)
$AMD (+10,84 %)
$BTC (-2,7 %)
$ORCL (+6,83 %)

$IREN (+20,2 %) old swede 😂😭

$IREN (+20,2 %)

• Turnover:
  USD 184.7 million | Expected: ~227.3 to 230.1 million USD. 🔴
• Loss per share (EPS):
  USD -0.34 | Expected: -0.07 to -0.24 USD.🔴
• Net loss:
  USD -155.4m (heavily burdened by one-off costs and write-downs).🔴
• Cash and cash equivalents:
  USD 2.8 billion (as at the end of January 2026). 🟢

Operational highlights

• AI financing secured: IREN has secured USD 3.6 billion GPU financing (interest rate < 6 %) for the massive expansion.
• Microsoft deal: The milestone contract for USD 9.7 billion is in progress; Microsoft has already made a 20% down payment which massively reduces the risk for IREN.🟢
• GPU growth: The goal remains to expand to 140,000 GPUs by the end of 2026, which corresponds to annual revenue (ARR) of 3.4 billion USDis expected.
• Revenue mix: While Bitcoin mining (USD 167.4 million) still dominates, the AI cloud division is growing rapidly (+137% on the previous quarter to USD 17.3 million).🟢
• Energy lead: New 1.6 GW site in Oklahoma; IREN now has a total of 4.5 GW of secured grid capacity. 🟢